Cardano and Litecoin might agree to collaborate soon to bridge the gap in cross-chain communication. This partnership could bring new ideas and technologies in the crypto space.
Cardano Founder Charles Hoskinson communicated with Litecoin CEO Charlie Lee for a possible collaboration of each other’s technology in testing cross-chain communication.
The proposal of Cardano to Litecoin was made by Hoskinson using his personal Twitter account:
@SatoshiLite it would be great to do something together. I love the idea of testing cross chain communication between Litecoin and Cardano. We got a lot of ideas and I’m sure you guys do too
— Charles Hoskinson (@IOHK_Charles) July 7, 2020
What may drive Cardano and Litecoin to work alongside each other is the current condition of the crypto space. It continues to make noise this year despite the pandemic that the world is experiencing right now.
Today, DeFi has a total value locked (TVL) of $2 billion with COMP as the leading DeFi with almost $650.5 million in TVL. This achievement made by DeFi also spiked the number of active Ether addresses in the Ethereum platform.
These events sparked the community’s interest about the product that Cardano and Litecoin can build together. It is also seen that in the past seven days, both cryptocurrencies have increased their market price.
Despite the market chaos that has been experienced by the local and private sectors around the world, the crypto space continues to grow and prosper. With robust technologies planning to come up with better offerings, crypto investors may still survive against the pandemic season.