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   2109
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.

Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   112

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.