This week was a significant step forward for the SegWit Ecosystem as SegWit enabled coins. Thus, Litecoin has been successfully exchanged through Atomic Swaps with Decred, Vertcoin, and then finally Bitcoin, as reported by cointelegraph.com.
On September 19th 1.337 LTC was swapped for 2.4066 DCR. Although they ran into difficulty at first, they were able to complete the swap via on-chain transactions through Decred’s repo wallet, as detailed.
— Charlie Lee (@SatoshiLite) September 20, 2017
Then, on September 20th, the Litecoin creator teamed up with the lead developer of Vertcoin, to perform another Atomic Swap. James was able to port Decred’s code to VTC and this time the two successfully exchanged 1 LTC for 55 VTC.
— Charlie Lee (@SatoshiLite) September 21, 2017
Finally, on September 22th Charlie worked with a John S to perform Atomic Swaps between LTC and BTC. The two followed the same processes outlined above and successfully swapped 10 LTC for 0.1137 BTC.
— Charlie Lee (@SatoshiLite) September 22, 2017
It is also noteworthy, that the exchanges the Litecoin creator Charlie Lee did with DCR, VTC, and BTC did not utilize SegWit. However, this technology will be necessary as a fully functioning and scalable Atomic Swap system will require the Lightning Network.
Litecoin charts on coinmarketcap.com
Meanwhile, at the time of writing, Litecoin price is about $51.97, its market capitalization is $2,759,304,948.