Just-In: Litecoin (LTC) Partners AntPool To Form LTC Labs
The Litecoin Foundation, a community-run organization, announces the signing of a joint agreement with AntPool, an open-access crypto mining pool, to develop the digital currency research laboratory, ‘LTC Labs.’ The organization aims to research and gather information on anonymous transactions with the LTC Labs. Moreover, the development of dApps, expansion of digital currency, and Litecoin (LTC) based wallets and projects will also be in focus.
Litecoin Foundation Partners AntPool For Digital Currency Research Lab
Litecoin Foundation, on its website on Tuesday, announced the formation of the digital currency research laboratory LTC Labs in partnership with AntPool. The partnership will help drive and expand the future of Litecoin and focus on future development programs.
Moreover, AntPool has shown interest in donating half of its Litecoin Pool mining earnings each month to fund LTC Labs and support Litecoin (LTC).
Charlie Lee, the creator of Litecoin, announces in a tweet about approaching Antpool to discuss Litecoin’s Mimblewimble Extension Block (MWEB) upgrade signaling. The tweet reads:
“We’re very excited to announce this partnership with @AntPoolofficial. We first approached AntPool last month to talk about MWEB signaling. They were very enthusiastic about supporting Litecoin. And as you know, they were the first pool to upgrade and signal for MWEB.”
The teams are currently working on establishing a DAO with 10 founding members. Moreover, AntPool will have a controlling stake in the DAO, with 6 members from AntPool and 4 members from Litecoin Foundation.
Control of Funds in DAO for Various Litecoin Projects
In order to control the allocation of funds to the right projects, the DAO will use Gnosis and Snapshot decentralized finance platforms. Moreover, for the autonomous funding of projects, each member can create a proposal and vote on it. A minimum of 5 votes will be needed to pass a proposal.
Furthermore, The DAO team is planning to use the reality.eth crowd-sourced control oracle to ensure the transfer of funds to the correct project.
Commenting on the transparency in the funding process, Charlie Lee Said:
“I love that this is fully transparent. I think it will be a huge value add for the Litecoin ecosystem. Looking forward to funding Litecoin development and future projects with this.”
- Bitget US Stock Futures Trading Volume Surpasses $200 Million
- Binance Founder CZ Predicts Bitcoin Will Flip Gold’s $30 Trillion Market
- Trump Tariffs: U.S. President Threatens 155% Tariff on China, Bitcoin Falls
- Hassett Says Government Shutdown Could End This Week as Crypto Markets Brace for Inflation Data
- ‘Floki Is The CEO’: FLOKI Surges Over 20% After Elon Musk’s Name Drop
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
- Bitcoin Price Prediction as Gaussian Channel Turns Green Amid U.S.–China Trade Progress and Fed Rate Cut Hopes
- Solana Price Prediction: Analyst Notes Bearish Breakdown Amid Derivatives Slowdown
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
