Rob Zombie

The oldest coin in the game is up to something. $LTC is pushing privacy and smart contracts at the same time. Litecoin, the digital silver, has been around forever, doing its thing in the background. But $LTC is reinventing itself right now, on two completely different fronts, and both popped up at the same time. First, privacy. Litecoin’s got MWEB, a privacy layer it added a few years back. You move your Litecoin into a hidden side-ledger where the amounts aren’t visible, then move it back out whenever you want. It just hit an all-time high. Around 563,000 Litecoin sitting in there, worth roughly $29 million. The clever bit is it’s optional, on purpose, so exchanges wouldn’t delist them like they have with the fully private coins. To be fair, that’s coins parked in there. Not quite the same as people actually spending privately. The real private spending is still pretty small. But the interest is clearly growing. Second thing, and this one surprised me. Litecoin’s getting smart contracts. LitVM bolts DeFi and Web3 apps onto Litecoin, stuff it never used to do. Its test network just passed 300 million transactions. Mainnet and a token are coming after testing. So yeah. Looks like Litecoin is having a proper go at becoming something new.