This is a summary of what was said in an interview with the founder of Litecoin. What does this mean for Bitcoin?
Intro
Source at the bottom of this page
Exciting developments are underway. One has happened today and that is the Zap wallet working on mainnet and it cost 0 fee. Many further developments were mentioned in yesterday's interview with Litecoin founder, Charlie Lee. Expect some great releases.
Smart contract developments
These are the projects underway already:
Omni: token development on Litecoin
Smart crypto wallet: smart contracts
Colored coins: smart contracts
These are all work in progress.
Privacy and Anonymity
CT is something in the long term.
*Check my previous post for more detail on CT
https://steemit.com/cryptocurrency/@docomputing/privacy-coming-to-bitcoin
Latest developments
Lightning network wallet is undergoing testing. *Technical stuff: LND lightning wallet is on a new Zap wallet.
Cross chain atomic swap. Seamless swap from Bitcoin to Litecoin. Node's do a job of swapping, they cannot steal coins. The big deal is that easy conversion between cryptocurrency so purchasing a product means you can send your Bitcoin and Lightning network will convert it for you.
Litecoin price
Litecoin is being really pumped by mainstream media. This could cause crashes of 80-90%. This is not good for the coin. As it loses newbies lots of money
Bcash is being held up by a cartel
Talks of Bitcash going to hard fork. Credibility of B Cash is unstable. Miners jumping in and out of Bcash. Although there are Bcash miners are carrying on mining at a loss.
Scams
Some other stuff about gpu minable coins that are just hyped. Money making coins that are mixing friendly fork with an ICO. Charlie considers Bitcoin gold as a speculative scam.
Segwit 2x
NYA is making people stick to the agreement to follow through with the hardfork for bigger blocks , but since B Cash fork, the NYA agreement falls and becomes null and void.
Confusing
If Bitcoin fotks again, it's going to get confusing. It's confusing enough with Bitcoin Cash. It's nice to get free money from forks but damage of confusion more problematic.
Safe hard fork
Should be carried out in a year or two. Segwit will surfice, rather than rushing into a hard fork in a few months time.
Is Litecoin working with other alt coins?
Not at the moment. But possible in the future
Lightning network hub
Big exchanges will act as Lightning network exchanges. Exchanges like Coinbase will run lightning on Bitcoin and Litecoin.
Could Litecoin fork
Yes it's possible, but if the coins listening to community and doing a good job, not a problem.
Presenter
The presenter annoyingly really trys to pump bitcoin Gold, Charlie says "I don't care about that, it doesn't really matter from what point in time they fork"
Charlie's portfolio
Charlie holds:
Bitcoin
Litecoin
Ethereum classic
Decred
& Monero
Please upvote before leaving
Source: 