Open-source platform OmniLite will permit the creation of cryptocurrency, stable-coins and NFTs
The Litecoin Basis has announced the launch of OmniLite, a decentralized token creation platform. It’s an open-source platform that makes it attainable to supply decentralized tokens and good contracts together with crypto-assets, similar to tokens and NFTs.
OmniLite is a layer that sits on prime of Litecoin’s blockchain, it makes use of the advantages of its extremely regarded community safety and low charges. The tokens showing by means of OmniLite will be thought-about as an extension of Litecoin and because of this, the tokens transactions are recorded on its blockchain. Moreover, all digital belongings created through OmniLite will benefit from all the advantages the Litecoin community has to supply.
Litecoin is a peer-to-peer cryptocurrency and open-source software program undertaking created as an early bitcoin spinoff in October 2011 by former Google engineer Charles Lee. In technical particulars, Litecoin is almost an identical to Bitcoin. As of right now, its market cap quantities to over $12 billion, thought-about by some as considerably undervalued.