top of page

Litecoin uses same stable coin tech as bitcoin

Tether the worlds largest non-us based stable coin company has several tether stable coins on multiple crypto networks.


These networks include ethereum, tron, solana, algrorand, eos, avalanche, liquid, slp and omni.


Now why is the last one interesting? Well omni is a token protocol built on top of bitcoin. Yet, the proportion of tether in dollar amounts is much less used than the other networks. This is most likely due to bitcoin's higher transactional fees and speed.





Well guess what other network now supports omni? Litecoin does. Litecoin now has omnlite which is an implementation of omni protocol on top of litecoin. Litecoin has similar network capabilities as bitcoin but is 4x faster on-chain to settle, it has low fees, its one of the most decentralized networks and it is the longest running network with 100% reliable with zero downtime. What more would you want with a network to host a stable coin?






Comments


Crypto-Keys Gif.gif
LookIntoLitecoinHeaderImage.png

 

Disclosure: Please note that nothing on this page constitutes, or is meant to constitute, financial advice of any kind we are not responsible for any loss that you suffer as a result of any financial transaction, regardless of whether or not you enter such transaction based in any way upon anything you learn from this page. If you require advice in relation to any financial matter, you should consult an appropriate professional.  Writers on this site own Litecoin and therefore have a bias to write pro-litecoin articles.

©2020-2024 by lookintolitecoin

bottom of page