Home Finance Abra Wallet Plans to Use Litecoin (LTC)’s Smart Contracts Network

Abra Wallet Plans to Use Litecoin (LTC)’s Smart Contracts Network

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Litecoin (LTC) is not a stranger to making headlines since this cryptocurrency is usually surrounded by good news and rumors. The reason behind this being that Charlie Lee, who is the founder of Litecoin (LTC) is not shy from making his opinions public over Twitter.

Nonetheless, Litecoin (LTC) first saw a huge price increase back in 2017 when SegWit was successfully activated and it seems like Litecoin (LTC) wants to recreate that success by announcing the Abra Wallet.

Charlie Lee Announces the Abra Wallet

As previously mentioned, Charlie Lee loves to share his opinions over social media. However, he also uses that platform to keep LTC investors and holders up to date with all the latest changes.

Charlie Lee recently took to Twitter where he announced that the Abra wallet is going to start using Smart Contracts which are based on Litecoin (LTC)’s network.

Development Over Everything

One of the most interesting things about Litecoin (LTC)’s founder is that he doesn’t seem to pay that much attention to the current price. The reason behind this being that Charlie Lee is solely focused on development and increasing the adoption and value of Litecoin (LTC).

Charlie Lee says that price growth is not that important for him because Litecoin (LTC)’s price will automatically skyrocket once the usage gets higher. Charlie Lee also wanted to assure everyone that he is not manipulating the market in any ways and he accomplished that by selling all his LTC tokens.

The Abra Wallet

Back to the matter at hand, Abra will start using Smart Contracts which are running on Litecoin (LTC)’s network in two weeks. The reason why Abra chose Litecoin (LTC)’s network over other cryptocurrencies such as Bitcoin Cash is because it’s price is more stable and the network security is top-notch.