Litecoin Foundation To Migrate From Multi-Sig Electrum-LTC Wallet To BitGo’s Multi-Sig Wallet
Litecoin Foundation To Migrate From Multi-Sig Electrum-LTC Wallet To BitGo’s Multi-Sig Wallet
May 11, 2020
Litecoin Foundation To Migrate From Multi-Sig Electrum-LTC Wallet To BitGo’s Multi-Sig Wallet
Litecoin Foundation To Migrate From Multi-Sig Electrum-LTC Wallet To BitGo’s Multi-Sig Wallet
May 11, 2020

The Litecoin Foundation has announced that it will migrate from the multi-sig Electrum-LTC wallet to BitGo’s multi-sig wallet

It has been reported that according to a May 7 post on the company’s website, the move is due to BitGo’s wallet providing “greater convenience and nearly the same level of security.”

However, the old Electrum-LTC addresses will be available online for one month, with the new BitGo wallets addressed to be published soon.

It has been analyzed that the price of Litecoin (LTC) rose 5% after the announcement, but experienced a similar downturn as Bitcoin (BTC) during the halving dump on May 9.

As per the report, recently, Litecoin posted a progress update on the cryptocurrency codebase’s Mimblewimble integration by stating that a testing framework had been built and codebase integration had started.

ALSO READ :  KB Kookmin Bank Partners With Hashed And Cumberland Korea To Establish “Strategic Technology Cooperation” On The Custody Of Digital Assets

Thus, according to developers, Mimblewimble should be running on the Litecoin testnet by the end of the summer.

Source: Cointelegraph | Image: Zipmex


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!