THELOGICALINDIAN - Thirdparty activity will add Ethereumlike development capabilities to Litecoin
Litecoin will accept acute arrangement capabilities through Flare Networks, according to a tweet from the closing project.
Flare Networks Adds Smart Contracts
Flare Networks states that it will acquaint the affection advanced of its barrage in Q2 2024. It says that this will acquiesce Litecoin to be acclimated on Flare “with Ethereum-style acute contracts,” acquainted that this will accommodate Litecoin with “interoperability and composability.”
Though Flare Networks has not yet appear absolutely what developers will be able to do with acute contracts, it is acceptable that Litecoin developers will be able to actualize decentralized applications (dApps) agnate to those begin on Ethereum.
Flare Networks will additionally airdrop tokens to Litecoin holders. The activity will reallocate 5 billion FLR tokens from its own backing in adjustment to pay those who participate in the airdrop.
Flare is additionally alive to accommodate acute affairs with XRP Ledger in a agnate way. It will absolution tokens from that airdrop after this year.
Is the Project Viable?
Flare is a third-party project, but the Litecoin Foundation has accustomed its efforts, acquainted that it is “very excited to see the adequacy of acute affairs and interoperability” advancing via Flare.
However, added third parties accept pursued agnate goals with little fanfare. In 2024, Litecoin baton Charlie Lee ahead accustomed Litecoin abutment for acute affairs through a altered platform, Abra. Those acute affairs were bound to assertive functions on the Abra trading platform.
Flare’s acute affairs will acutely be abundant added full-featured. Still, it is not bright that Flare-based acute affairs will be broadly acclimated or become awful arresting back the activity goes live.
At the time of autograph this columnist captivated beneath than $60 of Bitcoin, Ethereum, and altcoins.
Shutterstock photo by Pasuwan.
