The Foundation is a community-led, non-profit organization that promotes the awareness, development and use of Litecoin – a peer-to-peer cryptocurrency. The Litecoin Foundation, a leader in cryptocurrency, educates novices to more experienced investors on digital assets. After 10 years, Litecoin – with the Litecoin Foundation’s support – remains one of the most utilized cryptocurrencies, effortlessly processing billions of transactions without interruption, friction or downtime. Litecoin is a way for any person to instantly send and receive money, with just a few cents. This is a life-changing and liberating advancement that will benefit all people.

Function X Blockchain, a new-generation internet service platform, was launched in July 2021. It is intended to improve the value and liquidity of digital assets that are created through the Function X network. This new service platform is completely different. It combines the best of the internet and blockchain architectures to provide a unique service structure.

The Litecoin Foundation, as a public validator will play a part in consensus. They broadcast votes and participate in governance through voting on proposals. Function X’s team can make sure its blockchain is truly decentralized by inviting validators from outside. This will not compromise efficiency.

According to Alan Austin, Director at Litecoin Foundation, working with the Function X blockchain is a great step towards the organization’s goal of giving people greater control over their data and promoting the use of the blockchain technology.

FunctionX makes decentralized apps easier than ever.
Austin.

This is a critical step in creating a crypto-friendly world and a cross-chain trading environment.
After Asosiasi Blockchain Indonesia and Blockchain Collaborative Consortium were recognized as the three first public nodes of non-profit organisations joining the Governance of Function X, the Litecoin Foundation was onboarded.

David Ben Kay is the President of Function X

The Litecoin Foundation community and team have a history of making Litecoin more accessible. The perfect combination. “We look forward to more crosschain developments with Litecoin Foundation.”

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