Litecoin founder Charlie Lee’s Twitter background image now features a Shiba Inu dog. However, the second largest meme of the same name does not include the coin’s name. Lee says he did such a tact to show respect to Dogecoin and the mining community.
Litecoin founder spotted on Twitter with Shiba Inu
Earlier this week, Lee reported that Litecoin’s mining hash rate hit an all-time high of 500 TH/s. He took to Twitter to praise his achievement. He pointed out that since Litecoin and Dogecoin were mined together, this was partly due to the DOGE mining community. Speaking of ATH, the tweet pushed Litecoin price up a bit.
Litecoin mining hashrate has hit an all-time high of over 500 TH/s. That's a proof of work of 500,000,000,000,000 hashes performed every second by the Litecoin network!
This is thanks in part to our friends at @dogecoin, who are mining together with us to secure both networks.🙏 pic.twitter.com/1IUe6Sn95h
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) May 3, 2022
when miners are rewarded for helping verify transactions on both Blockchans It is called merge mining. During the discussion below the celebratory tweet, a user from the DOGE community says that Lee changed the Dogecoin to the Twitter background photo because the original meme had a positive view of the coin.
Create one for me and I will consider!
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) May 3, 2022
Now, the LTC founder’s Twitter account is among human figures in virtual reality, It shows a Shiba Inu dog (the first symbol of Dogecoin) walking together, representing Bitcoin and Litecoin.
LTC, DOGE bearish, impacted by Bitcoin’s big drop
Since raising to $106, Litecoin is around 10% so far It lost value and fell as low as $95.50. Dogecoin is also down over 3%, according to data from CoinMarketCap. As Kriptkokoin.com analysis, the cryptocurrency market has been in the red for the past two days after Bitcoin dropped roughly 8% from the $39,000 region to the $35,900 area. At the time of writing, total market cap is at February 2021 levels.
What is Mimblewimble?
One of the biggest features of Liitecoin, Mimblewimble is a protocol with strong privacy, security and scalability features that has a unique way of storing and structuring transactions on a Blockchain. Mimblewimble is an important development in the history of Blockchain, both as a strong standalone protocol and as a possible integration for other protocols. Litecoin founder Charlie Lee says Mimblewimble Extension Block (MWEB) will be released very soon:
It's now official. MWEB live in 2 weeks. pic.twitter.com/igItmyYZ27
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) May 6, 2022
