Litecoin

The Litecoin Foundation has entered into a partnership with Metalpha Technology Holding Ltd (NASDAQ: MATH), a leading wealth management company for digital assets, to jointly develop the Litecoin ecosystem to hedge risk and lower carbon emissions. The partnership will jointly support research institutions to develop hedging solutions and sustainable mining for the Litecoin ecosystem.The  partnership’s specific areas of research will include developing derivative products, facilitating renewable energy use and energy efficiency, and lowering carbon emissions from blockchain mining in the Litecoin Network. Metalpha will contribute its market leading expertise in the innovation of financial derivative products for digital assets, and it aims to support crypto miners with hedging products against market risk and lowering crypto mining’s environmental impact.To achieve this, Metalpha and Litecoin Foundation will work with universities and research institutions to further sustainable blockchain innovation, support public education around the Litecoin network, and improve network awareness, adoption, and scalability. Metalpha will develop financial derivative products for LTC tokens, it also aims to support crypto miners with hedging products against market risk and to lower the environmental impact of crypto mining.‍The partnership is also announcing a collaboration with the Hong Kong SustainTech Foundation Ltd., to  focus on the application of sustainable blockchain technologies in different industrial sectors.Read the story at: <a href="https://www.litecoin.net/news/litecoin-foundation-partner-with-metalpha-for-sustainable" rel="noopener noreferrer nofollow">https://www.litecoin.net/news/litecoin-foundation-partner-with-metalpha-for-sustainable </a>

Litecoin Foundation Partners with Metalpha for Sustainability in Crypto Mining

litecoin

Other articles published on Feb 24, 2023

Shido Perpetual - Fully decentralized Dex

What are wrapped tokens and why do we need them in DeFi?

Friday's Digest is Out here!

How Can CBDCs Improve the SWIFT System?

Agriculture that works for future generations

Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience

Join our free newsletter for daily crypto updates!