Research has started to verify the viability of interoperability between the Cardano blockchain and that of Litecoin.
This was announced on Twitter The Cardano Report, which reports on a hypothesis proposed by the director of the Litecoin Foundation project, David schwartz, released during the latest Litening Series webinar.
𝗖𝗮𝗿𝗱𝗮𝗻𝗼: Exploring the idea of interoperability between Cardano and Litecoin
#Cardano – #Blockchain 3.0 $ ADA – #Cryptocurrency – #DeFi @LTCFoundation #SmartContracts – #Decentralized Litecoin Foundation pic.twitter.com/adxFectcH3
– The Cardano Report ™ (@_Cardano_ADA) November 29, 2020
This would involve exploring the possibility of adding interoperability between the Cardano and Litecoin blockchains, as having a bridge between them would benefit both the two involved blockchains and likely the entire cryptocurrency sector.
The Litecoin blockchain would in this case be the first external blockchain that Cardano could interact with, as with the introduction of Goguen, the latter will actively drive interoperability between chains.
Further, the idea of creating a bridge between Litecoin and other blockchains is not new absolutely, so much so that it has already been tested in several test networks.
Schwartz reported that the idea of a bridge with Cardano had already come up in July thanks to an interview between the CEO of IOHK, Charles Hoskinson, and the founder of Litecoin, Charlie lee. However, it is now necessary for the Litecoin Foundation to further develop the idea so that it can lead to some concrete development.
The bridge between the Litecoin and Cardano blockchains
According Dionysis Zindros, a blockchain researcher at the University of Athens, most of the technical details that would make it possible to build a cross-chain bridge between Litecoin and Cardano would already exist, and would also have been tested on other systems so that they would be ready to be distributed.
To introduce this interoperability, a call “velvet hairpin”, That is, an even softer fork than the classic soft fork, which consists only of a slight variation in the way miners produce blocks.
In this way, it would be possible to introduce the new functionality without even the majority of miners necessarily having to agree, because the change to the protocol would also allow a small number of miners to produce new blocks compatible with previous versions.
To make interoperability between the two blockchains possible, the so-called NIPoPoW, Non-interactive Proof-of-Work Tests, must be added to Litecoin. This will make cross-chain interoperability possible with other blockchains as well, besides Cardano, because all blockchain platforms with smart contract functionality will be able to process NIPoPoW without having to fork.
Therefore, the technical difficulties seem far from insurmountable, although those at the “political” level are certainly greater. For this reason, the Litecoin community needs to embrace this innovation and the related velvet fork.