Litecoin Foundation has formalized a collaboration with X9 Developers from Stakenet

London UK - December 21, 2018 —

The Litecoin Foundation has formalized a collaboration with X9 Developers in the maintenance, debugging, and hardening of ltcd and potentially other Lightning Network(LN) technologies. X9 Developers are a blockchain agnostic dev team whose founders are core developers and fully funded by Stakenet (XSN). As Stakenet's overall vision is to build an interoperable cross-chain future built on the LN, both parties incentives are aligned to work together.

X9 Developers have already implemented a beta version of cross-chain atomic swaps via the Lightning Network available for testing between XSN and LTC. Their current focus is to improve the user experience of the LN and develop a “one-click” solution for atomic swaps on the LN. They have also recently brought ltcd up to speed with the latest on btcd which will enable Litecoin support on neutrino, a Lightning Network light client. This marks an important first step in making LN app development easier as a full node will no longer be required to run an LN wallet or application for lnd implementations.

According to the statement from X9 Devs, "We are excited and look forward to working with Litecoin to further the development and progression of lightning network into 2019. This collaboration comes at an opportune time as we are preparing to release our one-click lightning swap and LN exchange interface in our upcoming light wallet for Stakenet. Our team has been exchanging LTC and XSN successfully on our main net using lightning network cross-chain atomic swap technology and have achieved promising results thus far. Our current focus now is on developing a “one-click” solution for atomic swapping over lightning network starting with LTC, BTC and XSN, as well as researching how to connect with other second layer platforms to allow lightning tokens such as Litecoin & Bitcoin greater access to the average user".

Stakenet is the most secure PoS blockchain, powered by its own coin XSN, Masternodes, and Lightning Network. Providing a trustless interchain platform to operate with any coin by using XSN.

Contact Info:
Name: Frank Amato
Email: Send Email
Organization: Stakenet
Address: London, UK
Website: https://stakenet.io/

Release ID: 463067