Although most people will look at the current Litecoin price action as a pump-and-dump, there are some genuine reasons to get excited about this currency moving forward. Similar to any other altcoin, there are some interesting developments underway as we speak. A recent Medium post highlighted some of the upcoming changes, and we have listed a few of the points below.
It is evident Litecoin has successfully set the tone when it comes to cross-chain atomic swaps. The developers successfully completed such a swap with Decred not too long ago, which is considered to have been the first of many in this regard. Being able to trade currencies across blockchains in real time – or something close to it – is a major development that could make centralized exchanges obsolete. If these developments ever come to full fruition, the cryptocurrency world will look very different.
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