Author Topic: What is the future of Litecoin mining?  (Read 50 times)

kevinmanuel

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What is the future of Litecoin mining?
« on: March 24, 2018, 10:01:51 AM »
HI,

This is a difficult question as the complete crypto space is new. However, it is expected that Litecoin will be mostly used in making peer-to-peer transactions instantly and cheaply, and it is relatively safe. Also, the cryptocurrency has a lot of support and it is believed that Litecoin is here to stay. The price increase of 50 to 100 percent can be expected in the future. Similar to other cryptocurrencies, in Litecoin too, some interesting developments are underway. The first future development in Litecoin will be more atomic swaps. When it comes to atomic swaps, Litecoin has set the tone successfully. The developers of cryptocurrency has completed the Decred swap successfully and it is considered as one of the best updates. The ability to trade currencies in real time across blockchains is a big development that makes the centralized cryptocurrency exchanges outdated. If this will completely follow, then the world of cryptocurrency will seem different. Apart from this, bringing privacy to the digital currencies is something that will always be focused. The two most popular cryptocurrencies, Bitcoin and Ethereum, both don’t possess the privacy-oriented function and not Litecoin does. Therefore, it is expected that situation will soon change with MAST technology as it is under development. It will introduce an additional privacy through hiding the ‘endured’ transfers via Merkle root.
Besides, there are many other benefits of MAST technology as it will introduce Litecoin to smart contracts. Even after the availability of this technology to the Bitcoin users and developers, there is no implementation of this technology. If it is implemented, it will be introduced post Bitcoin hard fork, SegWit2x. As of now, there is no fixed implementation date, it might push back.

Please help.

I did not find the right solution from the internet.

References:-
https://www.hashgains.com/forums/viewtopic.php?t=609
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What is the future of Litecoin mining?
« on: March 24, 2018, 10:01:51 AM »