Litecoin project by MIT

World famous institute announced mysterious cryptocurrency project
22 June 2017   5671

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

Whole cryptocurrency community is exited due to a new project, developed by Massachusetts Institute of Technology. It still remains unclear exactly what this project will be about. It is only known that this project will be released on 1th of August. It will be very interesting to see what MIT is going to launch.

Many people were very surprised to find this mysterious webpage under MIT domain. It is clear now that new project will be Litecoin related. Even the creator of Litecoin, Charle Lee, has no idea about this project.


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


What's this secret project? 

According to Charlie's opinion, it is related to MIT's DCI Lit lightning network. It is nice to see that such old and serious institute is interested in cryptocurrency and especially Litecoin.

Also, date is chosen wisely, 1st August is Bitcoin UASF activation date. The nearest future will be very interesting for whole mining community. 

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   55

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.