‘Dogecoin wouldn’t exist without Litecoin’:DOGE Cofounder

Sahana Kiran
Source – Pixabay

Litecoin [LTC] has once again started making noise in the market. This is mostly due to the onset of MimbleWimble. Amidst this update, Elon Musk‘s favorite crypto, Dogecoin [DOGE] is continually being linked to LTC. From merged mining to LTC creator Charlie Lee praising the network, DOGE seemed to be attaining a significant presence in the Litecoin market.

Earlier this week, Lee went on to further exert his inclination towards Dogecoin by changing his Twitter cover photo. This picture entails Bitcoin [BTC], Litecoin as well as DOGE. Following this, Billy Markus, the co-founder of the meme crypto took to Twitter and further suggested that DOGE wouldn’t exist without Litecoin.

Recently, Litecoin’s mining hash rate soared to an all-time high of 500 TH/s. The network revealed that it had been carrying out merged mining with Dogecoin. Merged mining allows the miners involved to amass rewards from both networks. During this, the miners verify transactions for Dogecoin and the LTC networks simultaneously.

Litecoin rolls out node 0.21.2 ahead of MimbleWimble

LTC’s privacy-centric protocol is all set to go live around 19 May 2022. With this in the works, the network has rolled out the latest version of the Litecoin Core. Lee urged the community to upgrade to this brand new version in order to streamline MWEB transactions.

The process of upgrading to this version required users to shut the old version of the LTC Core down. Following the complete shut down of the old version, Windows users would be required to run the installer. Mac and Linux users would have to copy over to /Applications/Litecoin-Qt and litecoind/litecoin-qt respectively.

Currently, Litecoin Core is supported on Linux kernel, macOS 10.10+, and Windows 7.

Meanwhile, the price of LTC had plummeted to a low of $91.24 with a 2.93 percent drop over the last 24-hours. The persistence of the current market sentiment could push LTC below $90.