Litecoin Foundation Makes Transition to BitGo’s Multi-Signature Wallet
The Litecoin Foundation stated that it will shift to BitGo’s multi-sig wallet, from the multi-sig Electrum-LTC wallet.
As per an official post made on May 7, the decision was taken because BitGo wallet is offering “greater convenience and nearly the same level of security.”
The earlier Electrum-LTC addresses will remain online for another month, while the latest BitGo wallets address will be published soon.
Following the announcement, Litecoin (LTC) rallied 5%, but lost its gains when Bitcoin (BTC) got dumped by investors ahead of halving event.
Of late, Litecon (LTC) provided an update on the Mimblewible integration, indicating that a trial infrastructure has been created and that the codebase integration has begun.
As per coders, Mimblewimble will run on the Litecoin testnet by the end of August.