Charlie Lee admits Litecoin is "boring"

The creator of Litecoin Charlie Lee says it is "boring" but the users should be patient 
07 August 2017   2994
Litecoin

Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency

After two years of falling, the things are finally getting better for Litecoin. Thus, the Litecoin price has risen since January of this year.

However, Litecoin creator Charlie Lee admits that his currency is "boring" and that will take time to make things come to fruition:

Charlie Lee claims Litecoin is boring on his twitter Charlie Lee claims Litecoin is boring on his twitter

Charlie Lee is known as one of the most honest developers in the cryptocurrency world. Indeed, he never shies away from any discussion on the hottest topics with the public and always tries to be open and honest about the problems:

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Thus, according to the Litecoin creator, although Litecoin may not dethrone Bitcoin by any means, it can still be one of the cryptocurrencies, especially considering that Litecoin is the fifth-largest currency by market cap:

Litecoin on the coinmarketcap.com list Litecoin on the coinmarketcap.com list

What the future has in stock for Litecoin remains to be seen, but Charlie Lee knows for sure that such things take time and a lot of efforts to tune up.

Brazilian Central Bank to Issue Stablecoin

According to participants of the project, the issue of the BNDES coin will help restore public confidence in Brazilian state banks
17 December 2018   68

The state-owned Brazilian National Social Development Bank intends to issue a cryptocurrency token tied to the Brazilian real. It is reported by CoinDesk.

The pilot project for the production of a token BNDES based on Ethereum will start in January next year. At first, the coin will be used to finance cultural institutions. In particular, the bank will allocate a certain number of new tokens to the local cinema agency.

As the newspaper notes, the bank conducted experiments with steyblecoin throughout 2018. The consultant of the project for the release of a new “stable coin” will be the well-known Ethereum start-up ConsenSys.

According to representatives of the bank, the issue of the BNDES coin will help restore public confidence in Brazilian state banks, which are often criticized due to corruption scandals.

Also, the bank is confident that in the future, stablecoin can be used to finance organizations and projects from various fields.

Note that recently in Brazil there has been a trend towards liberalization of the regulation of cryptoindustry. For example, in October, the Brazilian Securities Commission allowed local investment companies to invest in a cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds. It is noteworthy that at the beginning of the year the same financial regulator announced the prohibition of both direct investment in cryptocurrency and indirect investment through intermediaries in the person of foreign companies.