Distributed database that is used to maintain a continuously growing list of records, called blocks
Litecoin is now also supported by the suplier of bitcoin solutions and the creator of popular bitcoin wallet BitGo.
According to the mass media, company that provides solutions for multi-signatures, will create security services for Litecoin.
Today's bitcoin ecosystem uses a lot of BitGo solutions, so, Litecoin can go in same direction. BitGo's support of LTC can have good effect on the positions of this currency. Large amount of crypto exchanges use BitGo solutions.
There was no official statements from Litecoin or BitGo about the start of cooperation, however, Charlie Lee, the creator of Litecoin, retweeted this message from Livebitcoinnews:
— LiveBitcoinNews (@LiveBitcoinNews) June 23, 2017
Earlier, official twitter of BitGo posted this:
When we launched the first multi-sig BTC wallet, many sites rejected "3" addresses as invalid. Today, same problem with LTC "M" addresses.
— BitGo (@BitGo) June 19, 2017
Well, it is very likely that in the nearest future we will see new cooperation of two interesting companies.