The collaboration between Monero and Litecoin might become possible, as the creators of Litecoin and Monero stated in their tweets. Riccardo Spagni stated that he and Charlie Lee met and had a talk about possible merger of Litecoin and Monero alliances which may cross-improve operations with both coins.
Such a productive few days, finally got to sit down with @SatoshiLite and talk about a possible merger between the Litecoin Enterprise Alliance and the Monero Enterprise Alliance, which we’d obviously call the LAMEA. #blessed #justblockchainthings pic.twitter.com/yIclMHH2ke
— Riccardo “fluffyblockchain” Spagni (@fluffypony) 27 January 2018
Charlie Lee wrote that it might be good for Litecoin and Monero to work together so as to do on-chain atomic swaps of the coins in a decentralized way. He stated that it would be beneficial for both coins as it would make LTC and XMR interoperable, giving XMR users access to LTC's liquidity and giving LTC users easy access to anonymity and fungibility of Monero.
Although @fluffypony was kidding here, I think it would be good for Litecoin and Monero (2 of the top non-scam coins ) to work together. A while back, I proposed to him that we work on making it easy for people to do on-chain atomic swaps of LTC and XMR in a decentralized way. https://t.co/idDn7Dmzf7
— Charlie Lee [LTC] (@SatoshiLite) 27 January 2018
Moreover, Charlie Lee claimed that it will take some work for atomic swaps to work properly on Monero and it's up to Monero devs and community to decide if this is a good idea, but if the collaboration happens, it's going to be huge, but no longer an unexpected surprise.
At the moment of press, those are the main parameters of the coins:
- Monero. Average price. $317,46
- Market Cap. $4 970 920 492
- 24h Volume. $74 176 900
- Litecoin. Average price. $181,87
- Market Cap. $9 997 338 771
- 24h Volume. $362 351 000