THELOGICALINDIAN - Two topten blockchains could aggregation up for crosschain compatibility
Litecoin is advancing to coact with Cardano on cross-chain interoperability, according to a blog column from David Schwartz, Project Director at the Litecoin Foundation.
Velvet Fork Under Consideration
Schwartz says that Charles Hoskinson, architect of Cardano, arrive Litecoin architect Charlie Lee to coact on blockchain interoperability in July.
Hoskinson originally wrote on Twitter:
Since then, Schwartz has had several conversations with the Cardano aggregation on what the accord would achieve.
He says that the angle would acquiesce cross-chain acquittal settlements amid Cardano and Litecoin. It would additionally advance Litecoin’s scalability and acquaint abutment for acute contracts.
The proposed advancement is alleged a “velvet fork” because it is neither a adamantine angle nor bendable fork; instead, it is optional, and there is no charge for consensus. Miners will be able to abide confined the Litecoin network, whether they install the advancement or not.
The angle uses a arrangement alleged “Non-Interactive Proofs of Work” (NiPoPoWs) that, amid added things, allows blocks to be absolute beyond altered blockchain networks.
Will Litecoin Add The Feature?
It isn’t assertive that the advancement will be implemented. Some risks appear with abacus the feature, and Schwartz addendum that “earnest and accessible altercation on all aspects of such a move for Litecoin is needed.”
He says that the catechism is not aloof for developers and miners but additionally the absolute Litecoin community.
Though the angle has some support, a few accept against it. One commenter suggests that, because it is a angle by Cardano, the Cardano aggregation should assignment on implementing cross-chain swaps on its own.
Another commenter argues that “Litecoin needs to angle on its own and not piggyback with Cardano.”
However, there is antecedent for a affiliation amid blockchain projects. Litecoin is currently accommodating with Grin’s David Burkett on private transactions. Though the “velvet fork” appears to be a bigger task, a agnate affiliation with Cardano seems absolutely plausible.
