24/7 Cryptocurrency News

Just-In: Litecoin (LTC) Partners AntPool To Form LTC Labs

Published by
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.

Advertisement

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.

Advertisement

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.”

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Donald Trump Shortlists Hassett, Warsh, and Waller for Fed Chair

U.S. President Donald Trump has revealed his shortlist of candidates who could potentially replace Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes

Ethena Labs has secured fresh funding from ArkStream Capital as it expands its ecosystem in…

September 6, 2025
  • 24/7 Cryptocurrency News

SEC Forms International Task Force to Crack Down on Pump-and-Dump Schemes

The U.S. Securities and Exchange Commission has launched a task force designed to tackle cross-border…

September 6, 2025
  • 24/7 Cryptocurrency News

Justin Sun Pledges $20M Buy Following WLFI Wallet Freeze

Justin Sun responded to World Liberty Financial freezing his wallet by promising to purchase $20…

September 6, 2025
  • 24/7 Cryptocurrency News

Expert Blames ‘Secret Committee’ for Rejecting MSTR Stock Inclusion to S&P 500

Michael Saylor's Strategy (NASDAQ: MSTR) missed the inclusion in the S&P 500 index on Friday,…

September 6, 2025
  • 24/7 Cryptocurrency News

MARA Bitcoin Treasury Nears $6 Billion, Trails Only Strategy in Public Rankings

MARA announced that it now holds $5.9 billion worth of Bitcoin. This cements its position…

September 6, 2025