This Altcoin is Getting a Major Feature: It Was Already Available in Almost All Altcoins – Founder Makes Announcement
Lunar Digital Assets has officially announced LitVM, a new Layer-2 network based on zero-knowledge proofs that will bring smart contract support to the Litecoin ecosystem.
The announcement was made at the Litecoin Summit event held in Las Vegas.
LitVM, built on BitcoinOS and Polygon CDK infrastructure, is also supported by the Litecoin Foundation. This new Layer-2 solution, which is EVM compatible, draws attention with its trustless structure and aims to bring cross-chain liquidity to Litecoin with smart contract functionality for the first time.
Launched in 2011, the Litecoin network has so far focused on speed and simplicity in daily transactions. 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 on the subject:
“Security and reliability have been our top priorities since we created Litecoin in 2011. This new Layer-2 solution preserves these principles while bringing Litecoin into the smart contract era.”
According to their own statements, LitVM offers the potential not only for technical development but also for cultural and financial expansion. Thanks to the new network, tokenized real-world assets (RWA), stablecoin-based payment systems, and on-chain assets such as Runes and Lordinals will become possible on the Litecoin network.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SUI Price Faces Bearish Pressure Despite Account Growth
Avalanche Price Prediction November 2026: Can AVAX Break $9.03?
US CPI Exceeds Expectations Again, Waller's Warning Comes True! Wall Street Focuses on Whether December Rate Hike Will Be 25 or 50 Basis Points; "New Fed News Agency": Stop-and-Go Strategy Faces Test
The "New Federal Reserve Newsletter" pointed out that before the release of the CPI, Waller suggested the possibility of a 50-basis-point rate hike in December, and so far, no other Fed officials have publicly responded. In addition to a single 50-basis-point hike, the Fed may also choose to signal consecutive rate hikes in December and January. Wall Street generally believes that inflationary pressures remain stubborn, further strengthening the case for a rate hike in December, though a 50-basis-point increase is not a consensus. The market is concerned about whether the Fed will extend the tightening cycle.
CPI Deals a Blow to US Bonds! 2-Year Yield Surges Over 20 Basis Points Intraday, Gold and Silver Plunge
After the release of the CPI, traders began to expect a lower likelihood of a 50 basis point rate hike in December; this year’s Federal Reserve voting member Logan stated that a faster pace of rate hikes may be needed this winter, with at least two more 25 basis point hikes required before pausing. Subsequently, the rise in U.S. Treasury yields continued to widen, with the 10-year yield climbing back above 5.0% and rising more than 10 basis points intraday; spot gold once fell over 3%, while spot silver at one point dropped more than 4%.
Crypto prices
More
