Litecoin is set to enhance its network capabilities with the introduction of a new Layer 2 solution, LitVM. The phased rollout strategy aims to ensure a stable and seamless integration with the existing mainnet, marking a significant step forward for the cryptocurrency. The publication provides the following information: this upgrade is expected to improve transaction speeds and reduce fees, making Litecoin more competitive in the evolving crypto landscape.
Deployment Phases of LitVM
The deployment of LitVM will occur in three distinct phases:
- First Lite
- Silver Anchor
- Litecoin Canonization
This structured approach is designed to enhance the reliability of the new solution while minimizing disruptions for users and developers.
Announcement at the Litecoin Summit
The rollout will kick off with announcements at the 2025 Litecoin Summit, where details about each phase will be unveiled. By avoiding hard forks, Litecoin aims to facilitate a smooth transition, allowing for gradual integration and adaptation to the new Layer 2 solution. This strategy reflects Litecoin's commitment to innovation while prioritizing user experience.
Recently, Litecoin achieved a record high in its hashrate, reflecting a strong network performance. This milestone contrasts with the upcoming introduction of the new Layer 2 solution, LitVM. For more details, see hashrate news.
