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Hello,
Future of litecoin after MWEB integration should be in risk.
First of all many exchanges will be delisting the litecoin after such decision.
Other exchanges like Binance one still supporting litecoin transaction.
But they do not offer a support for MWEB integration.
There is even a change if you receive a payout as I have readen in some reddit posts that it should not the regular litecoin network.
It is true that this integration shows in addresses starting with ltcmweb one but offers more privacy for tracking transactions, and it is not the first coin that will adopt such type of exchange, but if exchanges delist more it, then paid to post sites even paying programs will opt out of litecoin as there will be less and less exchangers and most of our people are receiving payments in exchange address not a regular transaction one.
This will classify them as a dark coin, however the owner of litecoin is proud from such change.
But we hope the things will not go on the wrong way and therefore any upgrade in litecoin will may affect other coins to be listed on a litecoin core wallet.
Like may be after litecoin and bitcoin, it will be the case of bitcoin cash transactions and also it may will affect more coins like Polygon Matic or Cardano or ADA.
So it is wrong decision from exchanges to stop supporting of such networks for upgrade in privacy, but should update their network to be supporting MWEB network and even create a deposit address for LTC and a deposit address for MWEB network, otherwise they will be losing a lot of clients.
But taking a decision for delist coin after it increases in popularity and have a lot of supporters and also a lot of traders and a lot of people that makes daily exchanges for such network will be a very bad decision from them, either Litecoin revokes the upgrade which seems impossible because the network and litecoin mweb transaction has been established after making a huge investment.
But may be there will be exchangers that may change their opinion later by showing more interest to make privacy protocol but we do not know if this will happen or not.
I have read also that many korean exchanges are delisting litecoin that makes litecoin earners in hard economic situation, so even the regular litecoin network will not work for such kind of coins, which is a shame and also a bad consequence of work of years with a popular currency like litecoin one.
Alternativelly, to make a litecoin adopting the mweb technology you have to download a software on your computer called litecoin core if you are going to receive money, but not use to receive from sites that pays in regular litecoin network because the money will not deposited.
As simplified example send BCH in BCH BEP2 network that is a full incompatibility between two networks.
Means the earning site must specify support of MWEB litecoin transaction.
Future of litecoin after MWEB integration should be in risk.
First of all many exchanges will be delisting the litecoin after such decision.
Other exchanges like Binance one still supporting litecoin transaction.
But they do not offer a support for MWEB integration.
There is even a change if you receive a payout as I have readen in some reddit posts that it should not the regular litecoin network.
It is true that this integration shows in addresses starting with ltcmweb one but offers more privacy for tracking transactions, and it is not the first coin that will adopt such type of exchange, but if exchanges delist more it, then paid to post sites even paying programs will opt out of litecoin as there will be less and less exchangers and most of our people are receiving payments in exchange address not a regular transaction one.
This will classify them as a dark coin, however the owner of litecoin is proud from such change.
But we hope the things will not go on the wrong way and therefore any upgrade in litecoin will may affect other coins to be listed on a litecoin core wallet.
Like may be after litecoin and bitcoin, it will be the case of bitcoin cash transactions and also it may will affect more coins like Polygon Matic or Cardano or ADA.
So it is wrong decision from exchanges to stop supporting of such networks for upgrade in privacy, but should update their network to be supporting MWEB network and even create a deposit address for LTC and a deposit address for MWEB network, otherwise they will be losing a lot of clients.
But taking a decision for delist coin after it increases in popularity and have a lot of supporters and also a lot of traders and a lot of people that makes daily exchanges for such network will be a very bad decision from them, either Litecoin revokes the upgrade which seems impossible because the network and litecoin mweb transaction has been established after making a huge investment.
But may be there will be exchangers that may change their opinion later by showing more interest to make privacy protocol but we do not know if this will happen or not.
I have read also that many korean exchanges are delisting litecoin that makes litecoin earners in hard economic situation, so even the regular litecoin network will not work for such kind of coins, which is a shame and also a bad consequence of work of years with a popular currency like litecoin one.
Alternativelly, to make a litecoin adopting the mweb technology you have to download a software on your computer called litecoin core if you are going to receive money, but not use to receive from sites that pays in regular litecoin network because the money will not deposited.
As simplified example send BCH in BCH BEP2 network that is a full incompatibility between two networks.
Means the earning site must specify support of MWEB litecoin transaction.