Charlie Lee, the creator and founder of Litecoin (LTC), announced that he will be an advisor of HTC Exodus. At the same time, the new phone that is being developed by the company is also going to be supporting Litecoin as well. The information was released by Charlie Lee a few hours ago. Despite that, Litecoin is the worst performing crypto among the top 15.Charlie Lee Becomes HTC Exodus Advisor
Charlie Lee, one of the most recognized figures in the cryptocurrency space is going to be working as an advisor of HTC Exodus, the creators of the world’s first native blockchain phone. The new phone they are currently developing is not only going to be supporting Litecoin but also the Lightning Network (LN).
Litecoin is one of the largest and oldest virtual currencies in the market. The digital asset is going to be used to make payments and purchases through the smartphone’s interface. At the same time, this implementation will also help increase the mass adoption of this virtual currency and Bitcoin (BTC).One small step for @SatoshiLite. One giant leap for blockchain. Team @HTCExodus, @philchen913 @htc are honored to have Charlie Lee to join as our advisor. cc @litecoin @LTCFoundation @LitecoinProject #LetMyDataGo https://t.co/JWGI4b8yH0 — HTC EXODUS (@htcexodus) July 30, 2018
In a recent tweet, Charlie Lee commented:“Met the HTC Exodus team last week and was really excited to hear the phone will support LTC and Lightning Network on Litecoin natively! I will be an advisor as I see having a secure crypto phone that makes LN simple is needed for mass adoption. P.S. No, they will not remove BTC.”
The Lightning Network (LN) is also one of the most important improvements that are currently being developed in order to help Bitcoin process thousands of transactions per second for very low fees. With the Lightning Network, the main Bitcoin blockchain is not going to be as congested as now due to small transactions.