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A Major Feature is Coming to This Altcoin: It Was Present in Almost All Altcoins! The Founder Made a Statement
Lunar Digital Assets officially announced LitVM, a new Layer-2 network based on zero-knowledge proof ( that will bring smart contract support to the Litecoin ecosystem.
The announcement was made at the Litecoin Summit event held in Las Vegas.
Built on the BitcoinOS and Polygon CDK infrastructure, LitVM is also supported by the Litecoin Foundation. This new Layer-2 solution, which is EVM compatible, stands out with its trustless structure and aims to bring smart contract functionality and cross-chain liquidity to Litecoin for the first time.
Launched in 2011, the Litecoin network has adopted a structure focused on speed and simplicity in daily transactions to this day. However, with LitVM, this classic approach is changing to integrate into the modern DeFi and Web3 world.
Litecoin founder Charlie Lee made the following statement regarding the matter:
"Since we created Litecoin in 2011, security and reliability have been our priority. This new Layer-2 solution carries Litecoin into the era of smart contracts while upholding these principles."
According to their own statements, LitVM offers not only technical development but also the potential for cultural and financial expansion. With the new network, tokenized real-world assets )RWA(, stablecoin-based payment systems, and on-chain assets like Runes and Lordinals will become possible on the Litecoin network.
*It is not investment advice.
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