The collaboration between the two cryptocurrencies will pave a path for cross-chain atomic swaps which is the most awaited development for the year. Something big seems to be cooking currently in the crypto world and this time at the heart of this story is not any major cryptocurrency like Bitcoin, Ethereum or Ripple, but altcoins Monero (XMR) and Litecoin (LTC).
The heads of the two altcoins have recently met and what brews out from their meeting is that the two coins are all set for a potential merger. Ricardo Spagni, the project lead of Monero and Litecoin founder Charlie Lee are likely looking for a collaboration.
The talks about this started last Saturday when Spagni posted the following tweet from his official Twitter account with the handle Fluffypony. The tweet shows a picture of Spagni standing beside Charlie Lee while it hints of a potential merger between the two cryptocurrencies.
Charlie Lee was quick enough to respond to Spagni’s tweet. In his own anonymous style of putting things, Charlie Lee jokingly suggested that even a greater merger between the cryptos could be made possible. Charlie’s tweet hints towards one of the most important and highly sought after development in the world of cryptocurrencies, which is atomic swaps.
Atomic swaps allow for two different cryptocurrencies to be exchanged instantly and in a secure manner, across two different blockchains. After the implementation of Segregated Witness (SegWit) last year in May 2017, the atomic swaps were first tested on the Litecoin network. Read more from coinspeaker.com…
thumbnail courtesy of coinspeaker.com