• 17 July, 2024
News

Litecoin and VeChain Top Picks Amid Lightening Network And Web3 Revolution

VeChain (VET) and Litecoin (LTC), are the two top tokens that offer huge potential in the future for the cryptocurrency investors. The Currency Analytics, a cryptocurrency new platform in its latest update reported the brighter prospects for Litecoin and VeChain. According to the news tracker both digital assets continuously work to  improve their networks infrastructure that will propel these tokens to new heights.  

https://twitter.com/TheCurrencyA/status/1647754950007566338?s=20

Litecoin (LTC) was founded by Charles Lee in 2011, the token currently ranks at number 12 with a live market cap of $7,199,700,100 as per the CoinMarketcap. The token had similar features to Bitcoin (BTC) with notable differences. Litecoin attracted investors’ attention amid the implementation of the Lightning Network.

LTC first implemented Segregated Witness (SegWit) in 2017,and completed the first Lightning Network Transaction. Lightning Network, a Layer-2 solution, enhances the speed and scalability of the existing blockchain. Further, the speed with lower transaction fees in addition to an overall improvement in its security and efficiency, is making Litecoin a favorite among investors. As of press time, LTC/USD is exchanging hands at $99.18, down 0.61% for the day.

VeChain, a blockchain based project with an aim to improve businesses supply chain management and traceability systems. VeChain, introduced in 2015 provides a plethora of services that comprises IoT integration, data analytics, and smart contract capabilities.

In its latest released whitepaper in collaboration with Boston Consulting Group (BCG) announced its vision to build an ecosystem that will reward its users for their actions like earning carbon credits while driving electric vehicles. Notably, the protocol also announces its recent protocol, VORJ, that is designed to offer Sustainability-as-a-Service to the broader technology ecosystem and not just limited to Web3.

In a nutshell, Litecoin and Vechain holds promising future with strong communities and technology advancements.

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