Lunar Digital Assets officially A Angeded Litvm, a new layer of layer 2 based on zero knowledge of knowledge that will provide intelligent contract support to the Litecoin ecosystem.
The announcement was made at the Litecoin summit event held in Las Vegas.
Litvm, built on Bitcoinos and Polygon CDK Information, is also supported by the Litecoin Foundation. This new layer-2 solution, which is compatible with EVM, draws attention with its structure without confidence and aims to provide cross-liquidity to Litecoin with the functionality of intelligent contractuality the first time.
Launched in 2011, Howver, with Litvm, this conventional approach changes to integrate into the world of modern DEFI and web3.
The founder of Litecoin, Charlie Lee, made the following statement on the subject:
“Safety and reliability were our main scenarios to the ancients, we create Litecoin in 2011. This is the new solutions of layer 2 retains these principles while bringing Litecoin to the Smart Era Contracted.”
According to their own statements, Litvm offers potential not only for technical development, but ACO for cultural and financial expansion. Think of the new network, tokeenized active assets (RWA), stablecoin -based payment systems and sheltered assets such as executions and lordinals will become possible on the Litecoin network.
* These are not impact advice.