Wednesday, May 29, 2024

Litecoin Launched A Platform For Issuing New Tokens And NFT

The open source OmniLite protocol will allow the creation of cryptocurrencies, stablecoins and non fungible tokens on the altcoin blockchain.

The Litecoin Foundation, a non-profit organization that develops and maintains the Litecoin cryptocurrency, announced the launch of a decentralized platform that allows the issuance of new tokens and NFT.

The open source OmniLite protocol will simplify the creation of new cryptocurrencies and stablecoins, according to the altcoin developers. They also added that the platform differs from the existing protocols by lower transaction fees.

Non-fungible tokens (NFT) are unique and not divisible.

Such tokens are used to confirm ownership of an object; they cannot be replaced without the consent of the owner.

Litecoin is a global decentralized p2p payment network built on the Bitcoin blockchain that was developed in 2011.

Related Articles

Stay Connected


Notcoin Takes Flight: The Play-to-Earn Game Lands on Major Exchanges

Cryptocurrency, Play-to-earn, Notcoin, NOT token, NOT coin, Telegram game, Tap-to-earn, Binance, OKX, Bybit, Tradable asset, In-game currency, Investment potential, Price prediction, Market sentiment, User base growth, Tokenomics, Utility expansion, Ecosystem potential, Web3 gaming, TON ecosystem, Mobile gaming, Casual gaming, Crypto adoption, Blockchain technology, Virtual currency, Digital asset, Play and earn, Blockchain gaming, Casual mobile game, Mobile crypto game, Microtransactions, In-app purchases, Gamified finance, Decentralized finance (DeFi), Social gaming, Viral marketing, Community-driven project, Crypto investment, Risk assessment, Due diligence
The red-hot Notcoin play-to-earn game has taken a significant step towards mainstream adoption with the announcement that...

The Stability Advantage: Benefits of Using Stablecoins

In today's ever-changing financial landscape, stability is a coveted asset. Amidst the volatility of traditional currencies, stablecoins...

Latest Articles

Ads by Eonads


x  Powerful Protection for WordPress, from Shield Security
This Site Is Protected By
Shield Security