Litecoin [LTC] is now adaptable with the Blocknet Protocol , which means that the LTC can work in decentralized applications (dApps) between blockchains, such as payment channels where LTC payments can be made. This could be considered a payment method for another crypto currency or vice versa.
Blocknet Protocol is a network that allows the systems pass information directly without requiring a central server. It has a system that can transfer data and value between blockchains with a protocol that is among the nodes in different blockchain. In addition to this, the application also opens a door for decentralized applications on cross-blockchain platforms.
The Blocknet Protocol recently addressed a tweet:
” #litecoin now has simple integration with cross-blockchain dApps with #Blocknet! @litecoin brings new momentum to the future of cross-chain ecosystems”
As of May 6, as the bear market continues to suppress the bull market, the value of Litecoin against the Dollar is steadily declining. On May 6, the LTC traded around $ 175, but within a week the value dropped to around 136.84, according to the press time.
Within the last 24 hours Litecoin has lost 1.93% of its value, and Litecoin is still trading at 6th place, passing Cardano with a total market value of $ 7.7 billion .
MO Coin, a subsidiary of the Japanese GMO internet company, announced this week that the crypto money market has added four new crypto currencies to its credit service and that users can give these crypto money to the company. The company accepts Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple.
The crypto investor named @notsofatdad said:
“So, a good “trader” would probably drop a moderate portion so they can average down on the dip. Worst case, you’re still in the game and have some fiat safe. Best case you own more coin for the rally back. An “investor” would just ignore it and wait for their goal exit price.”