LTC Labs Announced by Litecoin and Antpool
Litecoin, in partnership with Antpool together announced the formation of LTC Labs. The newly formed organization will focus on several aspects such as:
- anonymity in transactions
- hot and cold wallets
- dapps
- evolution of digital currency
- Litecoin ecosystem’s growth
It is well known that both of these names are industry leaders in several fields within the blockchain and crypto industry.
Litecoin is one of the earliest cryptocurrencies and was launched by Charlie Lee in response to Bitcoin’s 10 minutes block time. Litecoin has less than 3 minutes of block time making it three times faster than Bitcoin.
Antpool on the other hand is a well-known Bitcoin and cryptocurrency miner. It is one of the world’s leading mining pools.
Formation of LTC Labs DAO
The organization will form a DAO which will help in managing its activities. A DAO is a decentralized organization where key decisions are taken by various methods such as voting, consensus, etc. The formation of a DAO will help LTC Labs with the best expertise that is available on the internet.
At this point, nothing much is available on their website except a few outbound links.
