GateHub, a platform for blockchain assets that operates on high of the distributed Ripple fee protocol, introduced it has added assist for Litecoin and can checklist LTC beginning on June 2nd, 2021.
The platform will totally assist LTC for deposits, withdrawals, and buying and selling on its XRPL-powered change. Furthermore, LTC is offered for buying and selling with assist for fiat (USD, EUR) and cryptocurrencies (XRP, BTC, ETH, BCH, ETC, DSH) in addition to every other XRPL IOU.
Litecoin listed on GateHub
LTC can be totally supported on GateHub as every other cryptocurrency. Customers will have the ability to generate a deposit handle that can direct funds to their wallets. Sending LTC is completed by way of GateHub owned wallets.
Importantly, the XRPL helps any-to-any change; customers will have the ability to swap LTC with any GateHub supported foreign money on the XRPL by way of GateHub’s trading app.
Options of Litecoin
Litecoin is an open supply software program challenge and early Bitcoin spinoff that was began in 2011 by Charle Lee. It makes use of proof-of-work like Bitcoin however has a decreased block time era (2.5 minutes), elevated most provide (84M), and makes use of a distinct hashing algorithm (scrypt as an alternative of SHA-256).
Firstly, Litecoin used addresses beginning with “L”. Then, following the implementation of SegWit, the brand new handle format began with a “3” which was complicated as Bitcoin additionally makes use of 3-addresses after SegWit. Litecoin made an adjustment and right now Litecoin SegWit addresses begin with “M”.
Customers will use M-addresses for deposits whereas withdrawals to L and M-addresses can be supported.