Litecoin (LTC) Lighting Network Records Growth with 100 Active Nodes
Litecoin was launched in the year 2018, and since then the expansion seems to have been a little slower than we expected. It is because the coin was not able to attract the needed urgency in adopting the technology.
The Litecoin Layer one blockchain remains free from any of the congestions that take place this is all thanks to 4x quicker block time that they have implemented. What this means, the system allows it to process four times as many transactions than the brother, Bitcoin, all this happening over the same time period.
The company is undergoing an onboarding process but it does not seem to be ideal, and this could play a significant factor when it comes to the uptake. It is because the users will be required to download and also be able to compile the Lighting Network Daemon. The good thing is the company has ensured to provide the needed instructions to get this done successfully.
However, it is important to note that the onboarding process has progressed over the last year, as more parties are aiming to a much that is missing the UX/UI to the current network. So for the less technical users around will be able to test it out and get an idea of what it could all be about.
If you use your desktop often it is recommended that you use Zap, as it is able to support both Litecoin and Bitcoin, not forgetting it is the easiest way you could use with the current network, it’s all about making your life just a little easier.