Despite existing for nearly 14 years and being dubbed the "digital silver" alongside Bitcoin, Litecoin seems to be losing its appeal to investors. However, a new turning point may be on the horizon: BitcoinOS has just implemented the first ZK Rollup for Litecoin, opening up great potential for scalability, low fees, and cross-chain interaction.



The first ZK Rollup for Litecoin: A Layer 2 solution named LitVM


At the Litecoin Summit, #BitcoinOS announced the launch of LitVM – a Layer 2 solution using ZK Rollup technology to assist Litecoin:



  • Accelerate transaction speed and reduce fees.



  • Directly connect with Bitcoin and Cardano, expanding multi-chain interaction capabilities.



  • Support DeFi features and smart contracts through an Ethereum Virtual Machine (EVM) compatible environment.




ZK Rollup technology works by bundling multiple transactions into a single package and verifying them with cryptographic proofs. This helps free up network space and increase performance while ensuring security.



"Renaissance" for Litecoin?


According to Edan Yago, co-founder of BitcoinOS, this move will create a "renaissance" for #Litecoin – which was once one of the largest blockchains but has dropped over 76% from its peak price more than 4 years ago.


Charlie Lee, the founder of Litecoin, also shared: “Litecoin has existed stably for nearly 14 uninterrupted years. The adoption of ZK Rollup allows these strengths to reach many other chains.”


Yago asserts that this solution combines the advantages of all three networks:



  • Bitcoin: High security.



  • Litecoin: Fast transactions, low fees.



  • Cardano & other chains: Smart contracts and DeFi.




Everything will be connected in a unified ecosystem, without the need for bridges and minimizing trust risks when transferring assets between networks.



Controversial demo


Earlier this month, BitcoinOS showcased a proof-of-concept when transferring assets between Cardano and Bitcoin without the need for a bridge. However, this demo faced criticism from the technical community, especially from Robert Roose, the founder of Mynth.


Roose accused BitcoinOS of making "incredible" claims and avoiding technical questions. In response, BitcoinOS acknowledged that the demo was just the first step, and some parts of the system are still being finalized.



Contact the crypto market


The deployment of #ZkRollup for Litecoin shows that the race to improve blockchain is shifting towards "mature" networks. Not just Ethereum or new chains, older platforms like Litecoin can also be revived if the right technology is applied.


In particular, with the goal of reducing fragmentation and simplifying user experience, this solution could represent a significant step forward in the multi-chain direction of the entire crypto market.



Warning: Investing in cryptocurrency carries high risks and is not suitable for all investors. Always do thorough research and consider carefully before deciding to participate.