#Litecoin ($LTC ) Teases Monumental Upgrade, Key Implications for Price
Litecoin (LTC) is preparing for a major ecosystem upgrade with Litecoin Core v0.21.3. This update will introduce Partially Signed Bitcoin Transactions (PSBTs) among its new features. PSBTs, commonly used by hardware wallets, streamline transaction processes by standardizing transaction management.
This technology has been adapted to accommodate MimbleWimble Extension Block (MWEB) transaction components. To facilitate this transition, LTCSuite libraries have been developed, allowing clients to obtain and authenticate MWEB data from peers. This verification process involves retrieving MWEBUTXOs, HogExAndMWEBHeaders, and MWEBLeafset from peers running v0.21.3, followed by rigorous data validation to ensure accuracy. Subsequently, transactions can be generated to facilitate money transfers.
Testing and code review for MWEB support are underway to strengthen Litecoin's value and enhance its security and privacy features. However, the exact impact on LTC's price remains uncertain, as the community has not shown significant enthusiasm to trigger a noticeable increase.
In the past 24 hours, LTC has seen a slight decline of approximately 1.71%, trading at $88.81 at the time of writing. This deviation from the price surge seen in Bitcoin ($BTC ) and other major assets is noteworthy.
Various #blockchain networks, including Terra Luna Classic ($LUNC ) and TRON, are planning upgrades to enhance user adoption. Terra Luna Classic developers are working on essential chain upgrades that could boost utility and potentially increase prices of ecosystem tokens like LUNC and USTC.
Justin Sun, TRON Blockchain's founder, hinted at a forthcoming upgrade, with Tron Core Devs planning the release of GreatVoyage-v4.7.4(Bias) version this month. These upgrades coincide with Bitcoin's rally, surpassing $67,000, suggesting positive developments across blockchains amid the ongoing bull run.
Source - coingape.com