Litecoin Network introduces “OmniLite” for token generation and NFT. to facilitate
“The Foundation is proud to announce the release of OmniLite! A decentralized platform for creating tokens and assets using the Litecoin blockchain. This innovation is partly thanks to Loshan. “
Litecoin joins the NFT space
Tokens generated via OmniLite can be viewed as an extension of Litecoin so that token transactions are recorded on its blockchain. As a result, all digital assets created via OmniLite benefit from the network advantages that Litecoin offers.
Over the years, the cryptocurrency industry has grown rapidly and inexorably, becoming a hub for home builders around the world. Litecoin is considered one of the oldest altcoins and is a prime example of this pursuit of innovation.
With Litecoin’s minimal fees, decades of persistence, and 100 percent network availability, the chances of building assets in the Litecoin ecosystem are only a matter of time.
Thanks to the efforts of the Litecoin developer Loshan and the Litecoin Foundation, creating on the Litecoin network is now much easier with OmniLite.
“With Litecoin being 10 years old, it’s great to see the development team making great strides. OmniLite makes Litecoin a platform. Now anyone can build and use the most secure, reliable, and economical blockchains ever created, ”said Jay Milla of the Litecoin Foundation.
OmniLite will also make it easier to create stablecoins on the Litecoin blockchain. While other networks like Bitcoin and Ethereum have saturation issues, developers may want to take advantage of the significantly lower transaction costs that Litecoin offers.
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According to Cryptoslate