Lunar Digital Assets Announces Launch of L2 Network LitVM, Introducing Smart Contracts to Litecoin
On May 31, it was announced that Lunar Digital Assets has launched the LitVM, a zero-knowledge Layer-2 network for the Litecoin ecosystem, introducing smart contracts to Litecoin, which was born in 2011. This network is built on BitcoinOS and Polygon CDK, with support from the Litecoin Foundation. LitVM is an EVM-compatible zero-knowledge rollup (ZK Rollup) designed to introduce smart contract functionality, cross-chain liquidity, and real-world asset (RWA) support. Lunar Digital Assets stated that LitVM will help Litecoin expand into the DeFi and Web3 ecosystems, providing on-chain use cases such as stablecoin payments and programmable assets (Runes, Lordinals).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
American Express Stock Shocks Despite Positive Revenue and Earnings
The AI arms race extends upstream! Reports say Intel, Nvidia, and AMD are prepaying over 100 billions NTD to secure advanced IC substrate production capacity.
NVIDIA, Intel, and AMD have collectively spent $5 billion in advance payments to aggressively secure high-end IC substrates from Taiwan. Driven by "big money for guaranteed orders," the top three Taiwanese substrate manufacturers have invested a record NT$161.2 billion to expand their production capacity. The tech giants' substantial financial commitments to secure supply chains highlight the intense competition and extreme scarcity of core AI materials.
Crypto prices
More
