GateHub, a platform for blockchain assets that operates on high of the distributed Ripple cost protocol, introduced it has added help for Litecoin and can listing LTC beginning on June 2nd, 2021.
The platform will absolutely help LTC for deposits, withdrawals, and buying and selling on its XRPL-powered change. Furthermore, LTC is obtainable for buying and selling with help for fiat (USD, EUR) and cryptocurrencies (XRP, BTC, ETH, BCH, ETC, DSH) in addition to every other XRPL IOU.
Litecoin listed on GateHub
LTC might be absolutely supported on GateHub as every other cryptocurrency. Customers will be capable to generate a deposit handle that can direct funds to their wallets. Sending LTC is finished by way of GateHub owned wallets.
Importantly, the XRPL helps any-to-any change; customers will be capable to swap LTC with any GateHub supported foreign money on the XRPL by way of GateHub’s trading app.
Options of Litecoin
Litecoin is an open supply software program challenge and early Bitcoin spinoff that was began in 2011 by Charle Lee. It makes use of proof-of-work like Bitcoin however has a decreased block time era (2.5 minutes), elevated most provide (84M), and makes use of a special hashing algorithm (scrypt as an alternative of SHA-256).
Firstly, Litecoin used addresses beginning with “L”. Then, following the implementation of SegWit, the brand new handle format began with a “3” which was complicated as Bitcoin additionally makes use of 3-addresses after SegWit. Litecoin made an adjustment and in the present day Litecoin SegWit addresses begin with “M”.
Customers will use M-addresses for deposits whereas withdrawals to L and M-addresses might be supported.