What The Tech? MATRIX working with LITEX

MATRIX is working with LITEX to enable interoperability with other public chains as well as allow seamless transfers between multiple crypto tokens, and between crypto tokens and fiat currencies.

LITEX and Layer-2

LITEX is a fully decentralized value exchange ecosystem that aims to enable both transfers between multiple cryptocurrencies, and between crypto- and fiat currencies. They believe that the key to the mainstream adoption of blockchain technologies lies in the value exchange characteristic of blockchain technologies. In an attempt to solve the technical issues plaguing other value exchange solutions — like Bitcoin — LITEX uses Layer-2 technology.

Current Status

LITEX released V.02 of their test network October 23rd. Thus far, they have hit the following milestones:

A Few Final Words

MATRIX’s collaboration with LITEX currently surrounds improving interoperability with other public chains with an eye for enabling both transfers between multiple cryptocurrencies, and between crypto- and fiat currencies. LITEX CEO recently shared a few of her thoughts in a MATRIX Q&A Video. She can be reached on Twitter (@lilishi0202) or through LITEX’s official email (contact@litex.io). The LITEX whitepaper can be found here.

Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain. Website: www.matrix.io Telegram: t.me/matrixainetwork

Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain. Website: www.matrix.io Telegram: t.me/matrixainetwork