The Creator of Monero (XMR) Ricardo Sanji and the Creator of Litecoin (LTC) Charlie Lee exchanged tweets, from which it is clear that they are both not averse to work together for the good of his creatures:
Such a productive few days, finally got to sit down with @SatoshiLite and talk about a possible merger between the Litecoin Enterprise Alliance and the Monero Enterprise Alliance, which we’d obviously call the LAMEA. #blessed #justblockchainthings pic.twitter.com/yIclMHH2ke— Riccardo “fluffyblockchain” Spagni (@fluffypony) January 27, 2018
Extremely productive few days. Finally was able to work shoulder to why the Creator of Litecoin Charlie Lee and talk to him about a possible merger of Litecoin and Monero Enterprise Alliance Enterprise Alliance, I think that the combined organization will be called LAMEA.
Lee, who in the past have repeatedly said that Litecoin is necessary to increase the degree of anonymity, immediately responded with a series of tweets:
Although @fluffypony was kidding here, I think it would be good for Litecoin and Monero (2 of the top non-scam coins ) to work together. A while back, I proposed to him that we work on making it easy for people to do on-chain atomic swaps of LTC and XMR in a decentralized way. https://t.co/idDn7Dmzf7— Charlie Lee [LTC] (@SatoshiLite) January 27, 2018
Despite the jokes @fluffypony I think that the cooperation between Litecoin and Monero both currencies would only benefit. I recently asked him to work on the implementation of atomic swaps between LTC and XMR.
In the above tweet underscores what is fast becoming the future direction of development of cryptocurrency – atomically swaps that allow you to instantly and safely exchange one cryptocurrency to another, without intermediaries. Technology atomic swap is one of the most promising directions in development of cryptocurrency, and Charlie Lee is actively experimenting with it. In this series of tweets said that the anonymity and functionality of Monero perfectly complemented the liquidity of Litecoin:
I believe this to be a win-win as it makes LTC/XMR interoperable: it gives users access to XMR LTC”s liquidity (LTC is on close to all exchanges) and gives users easy access LTC to anonymity and fungibility of Monero.— Charlie Lee [LTC] (@SatoshiLite) January 27, 2018
I think that both currencies stand to benefit as a result. Users of Monero will get the necessary liquidity, and users of Litecoin – anonymity and functionality.
Charlie Lee is not the first time cooperates with other cryptocurrencies. Previously, he supported the project Dogecoin, having the opportunity both for mining cryptocurrency at the same time.
See also – Prediction: what will happen to the price of Litecoin in 2018?
Recently Charlie Lee sold all of its funds in Litecoin, which caused ambiguous reaction in the world of cryptocurrency.
Whatever it was, but the partnership with the Monero will save a lot of time in the development of Litecoin, but will also be beneficial for Monero so the likelihood of this scenario is very high.
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