Litecoin Գին

LitVM, Litecoin's L2, launches testnet tomorrow

<!-- SC_OFF --><div class="md"><p>Just a reminder that Litecoin's L2, LitVM, launches testnet tomorrow. Means EVM-compatible smart contracts, DeFi, yield etc. with LTC.</p> <ul> <li>The news: <a href="https://x.com/LitecoinVM/status/2044098628327973232">https://x.com/LitecoinVM/status/2044098628327973232</a></li> <li>The docs: <a href="https://builders.litvm.com">https://builders.litvm.com</a></li> </ul> <p>I heard ~130 teams have signed up already, curious to see the outcome...</p> <hr/> <p>AFAIK LitVM's most distinctive feature is its <strong>trustless, non-custodial</strong> bridging of native <code>LTC</code> into the LitVM's <code>zkLTC</code> rollup (a 1:1 representation backed by LTC locked on the Litecoin blockchain) using BitcoinOS's Grail bridge. Withdrawals will burn <code>zkLTC</code> and release <code>LTC</code> back on Litecoin.</p> <p>LitVM/BitcoinOS describe this as a "1-of-n" model (1 honest verifier can prevent abuse), rather than an "m-of-n multisig custodian" model.</p> <p>LitVM also has decentralized transaction ordering via Espresso, and an L1 forced-inclusion path if sequencing fails or censors transactions.</p> <p>Overall this architecture reduces common risks that plague other L2s - especially multisig-custodied bridge risk and sequencer censorship.</p> <p>See the FAQ at <a href="https://docs.litvm.com/other-resources/faq">https://docs.litvm.com/other-resources/faq</a>.</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/Therighttodo"> /u/Therighttodo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1slncfc/litvm_litecoins_l2_launches_testnet_tomorrow/">[link]</a></span>   <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1slncfc/litvm_litecoins_l2_launches_testnet_tomorrow/">[comments]</a></span>