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
For everyone wondering, I'm in the dark on this one also. My guess is that it's related to MIT's DCI Lit lightning network. Exciting! https://t.co/tEaqmc01PR
— Charlie Lee (@SatoshiLite) June 22, 2017
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.