THELOGICALINDIAN - Aprils Fools was about over but there was still a antic in abundance in the crypto amplitude Litecoin architect Charlie Lee fabricated a affected advertisement via Twitter claiming that Litecoin would be rebranded to BitcoinLite as Satoshi Nakamoto intended
Lee acquaint a adaptation of Bitcoin’s whitepaper highlighting the belletrist LITE and a articulation to Litecoin Foundation’s official website renamed BitcoinLite Foundation. The home folio reads “Just Like Bitcoin. But ‘Lite’er!”, abacus that Bitcoinlite is “4 times added scalable than Bitcoin” with college transaction fees and a accumulation of alone 84 actor coins. It alike offered users a BitcoinLite Wallet. The website independent the afterward message:
After several hard-fought, acute aback and alternating discussions aural the Litecoin community, it was absitively that Litecoin will abide a ambulatory business attack — Litecoin will be rebranding itself to “BitcoinLite”.
The acumen abaft the rebranding was a declared befalling to abduction new investors “confused” by the altered forks of BTC (Bitcoin Cash, Bitcoin SV, Bitcoin Gold). These investors anticipate that anniversary of these versions is the “real BTC”. Therefore the “Bitcoinlite Foundation” could accretion new followers that “we’d ahead been missing”.
The folio outlines a affected roadmap that begins with the “takeover” of the Bitcoin area and alteration the advice accompanying to this cryptocurrency to BitcoinLite information. However, the advertisement makes some “true” observations about Litecoin and highlights some of its appearance in what some associates of the crypto association after alleged a publicity stunt. The website claimed:
Community donations will be abundant accepted to advice accomplish this task, as Litecoin abominably did not accept an ICO barrage to advice pay for aggregate (…). It’s been a agrarian ride accepting here, but we’re so animated to assuredly accept accomplished this point (…) April 1st marks the alpha of a fresh, aboriginal division and so far, we’re starting it off with a kick.
Litecoin is rebranding to BitcoinLite!https://t.co/ScDeF3hf97
BitcoinLite as Satoshi Nakamoto intended.#BitcoinLITE #BitcoinLiteFAM pic.twitter.com/oEaPS0yhtV
— Charlie Lee [LTC⚡] (@SatoshiLite) April 1, 2021
LTC on the rise
After Charlie Lee’s affected announcement, LTC went on a 5.3% rally, at the time of writing, and is one of the top accepting bill in the 24-hour blueprint afterwards Filecoin (27%) and UNI (6.3%). LTC is trading and $203 with 14.9% assets over the aftermost week.
Recently, MimbleWimble via Extended Block cipher was completed by advance developer David Burkett. The agreement is advised to accompany added aloofness and scalability appearance to the blockchain. However, LTC’s amount has not benefited from the news.
