This week, redditors talk about Litecoin making name with celebrities not only from Hollywood at the annual Mammoth Film Festival in California, but also at UFC, where Ben Askren recommended crypto as an alternative way for making financial transactions as he shared his own account with Litecoin. Meanwhile, Litecoin experiences a little surge after its creator, Charlie Lee shares updates about Litecoin working with Beam Privacy to use the MimbleWimble technology for making Litecoin more private. In Europe, Böerse Stuttgart Group, the second largest stock exchange of Germany launches a mobile app to sell Litecoin (among other cryptos). Litecoin also leaves behind Ethereum by having more active addresses than it, and on twitter, Franklyn Richards, the director of LTC Foundation backs crypto for being better than conventional financial institutions.
Here is a quick glimpse of the subreddit, r/litecoin:
Charlie Lee and his development team explore for developments in Litecoin
Charlie Lee, the creator of Litecoin has earned Litecoin some popularity former to his announcement on twitter about making Litecoin more fungible and private. In a tweet, he said “I am now focused on making Litecoin more fungible by adding Confidential Transactions. ”
In the development of the same story, Charlie updated the crypto community tweeting:
Litecoin dev team spent hours discussing how to add Confidential Transactions. The way to do a softfork CT is very similar to doing extension blocks and extension blk may be simpler and can do a lot more. We are now also exploring doing bulletproof MimbleWimble w/ extension blks. pic.twitter.com/ePBh8PKNu8
— Charlie Lee [LTC⚡] (@SatoshiLite) February 3, 2019
The development team at Litecoin has also been discussing the matter with Beam Privacy especially to explore possibilities of integrating the MimbleWimble technology in Litecoin with Extension Blocks. As of the latest, an announcement has been made regarding the cooperation between Litecoin and Beam Privacy.
Germany’s Second Largest Stock Exchange to now sell Litecoin
Böerse Stuttgart Group, the second largest stock exchange in Germany, and the ninth largest in Europe launched their own cryptocurrecy trading app, BISON. Cryptos including Litecoin (LTC) Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) can be bought and sold on the mobile application.
Litecoin (LTC) over Ethereum (ETH) and EOS in terms of Active Users
The r/litecoin (Litecoin subreddit) community indulged in a deep discussion as an individual makes an analysis of top crypto based on the number of their active addresses. The table below accounts for the number of addresses active on February 4. As per the table, Litecoin passes behind Ethereum and EOS along with other notable crypto with over 65,000 active addresses.
CEO of Litecoin Haus seizes opportunity to back crypto
When Wells Fargo, a multinational financial services company faced operational issues yesterday, Franklyn Richards, the CEO of Litecoin Haus and the director of LTC Foundation, did not spare the opportunity and went on twitter to highlight crypto, implying that crypto cannot face such issues and is therefore better than traditional methods.
No network shutdown with Litecoin and Bitcoin. Crypto never sleeps, 100% relability. https://t.co/0jFKRvYNeV
— Franklyn [ŁTC]⚡ (@MLPFrank) February 8, 2019
Hollywood Celebs to receive Litecoin as a Film Award
This year Litecoin is sponsoring the 2nd annual Dubai blockchain summit with desert safari Dubai. Along with having Litecoin team members attend the festival itself, the winners will also receive Litecoins as a part of the award. Charlie Lee, the creator of Litecoin has also remarked: “When we spoke to the festival’s founders, they immediately expressed the growing enthusiasm and support for Litecoin we’re seeing amongst the filmmaking community.”
Litecoin finds popularity in UFC
Ben Askren, a former Olympic wrestler recommended crypto as an alternative for making transactions as he shared his own story of using Litecoin (LTC).
PSA on cryptos/LTC https://t.co/N34c40dDLR
— Ben Askren (@Benaskren) January 31, 2019