The Litecoin blockchain set a new record with over 576,000 transactions in one day. This surge in transaction activity was accompanied by the number of active and newly created addresses on the blockchain reaching historical highs, indicating a growing interest in the use of Litecoin for various purposes.
This milestone has been attributed to the Litecoin community’s proposal of the LTC-20 standard, which is designed to emulate the popular ERC-20 standard used on the Ethereum blockchain. The proposal has garnered significant interest from developers and users alike, with over 840 LTC-20 tokens already created. However, it is worth noting that most of these tokens are not yet minted.
Litecoin’s blockchain, which was created in 2011, is one of the oldest and most established in the cryptocurrency industry. It has gained a reputation for being fast and reliable, with low transaction fees and a high level of security. These attributes have made Litecoin a popular choice for individuals and businesses alike.