GateHub, a blockchain property platform constructed on high of the Ripple distributed fee protocol, introduced that it has added assist for Litecoin and can record LTC from June 2, 2021.
The platform will totally assist LTC for deposits, withdrawals and buying and selling on their XRPL-based alternate. Moreover, LTC is accessible for buying and selling with assist for fiat (USD, EUR) and cryptocurrencies (XRP, BTC, ETH, BCH, ETC, DSH) in addition to all different XRPL bonds.
Litecoin listed on GateHub
LTC is totally supported on GateHub like every other cryptocurrency. Customers can generate a deposit tackle that directs cash to their wallets. Sending LTC is completed via WallHub’s personal wallets.
It will be important that the XRPL helps the alternate from everybody to everybody. Customers can alternate LTC for any GateHub supported foreign money on the XRPL by way of GateHub’s buying and selling app.
Properties of Litecoin
Litecoin is an open supply software program mission and an early spin-off of Bitcoin that was began by Charle Lee in 2011. It makes use of proof-of-work like Bitcoin, however has decreased block time technology (2.5 minutes), elevated most provide (84 MB) and a distinct hashing algorithm (Scrypt as an alternative of SHA-256).
First, Litecoin used addresses that begin with “L”. After the implementation of SegWit, the brand new tackle format began with a “3”, which was complicated since Bitcoin additionally makes use of Three addresses after SegWit. Litecoin made an adjustment and at this time Litecoin SegWit addresses begin with “M”.
Customers use M addresses for deposits, whereas withdrawals to L and M addresses are supported.
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