Lead Shiba Inu Developer Shytoshi Kusama Takes A Dig At Litecoin, LTC Team Respond

Shytoshi Kusama takes a dig at Litecoin.

In a tweet on Friday, lead Shiba Inu developer Shytoshi Kusama took a dig at Litecoin, saying Bloomberg Business should stop showing Litecoin as the third option to Bitcoin and Ethereum.

“Someone tell business [Bloomberg Business] to stop showing Litecoin as the third option to BTC AND ETH,” tweets Kusama.

Someone tell @business to stop showing Litecoin as the third option to BTC AND ETH. #imjustsayin

— Shytoshi Kusama™ (@ShytoshiKusama) July 15, 2022

Notably, Litecoin responded to the developer by tweeting on Saturday, “You’re right, (LTC) should be first.”

You’re right, should be first.

— Litecoin (@litecoin) July 16, 2022

Despite Litecoin’s retort, it is worth noting that the demand for the altcoin has continued to plummet in recent years due to a lack of development activity and lower profit expectations. Consequently, its market share is at record lows which have seen the once top 10 crypto asset by market cap fall to 20th place.

However, there has been one benefit from its lack of demand. The altcoin, which bears many code similarities with Bitcoin, has run without downtime for almost 11 years, allowing for reliable service for those who use it. In addition, its developers currently champion Litecoin as an efficient and cheap decentralized currency for payment.

In this regard, it faces stiff competition from Bitcoin with the development of the Lightning network and stablecoins, which have grown in adoption.

Meanwhile, other altcoins, including meme coins, have grown in popularity. It is worth noting that these new altcoins offer smart contract functionality allowing for a flurry of new developments that increase utility and investor interest.

Notably, Shiba Inu is one of the tokens that have taken the crypto world by storm. Last year, Shiba Inu was the most popular cryptocurrency surpassing even Bitcoin. Moreover, the meme coin made many holders millionaires, yielding a staggering 45,000,000% profit within the year.

Meanwhile, despite these, the community and the developers have shown a desire to reach more milestones and shed the meme coin tag. Developers are currently building a metaverse ecosystem around the famed doggy token. In addition, a blog post on Wednesday revealed that David Kern, a former Principal Technical Artist for Sony, was joining the team in an advisory role.

Recall that Due to security concerns, the world’s largest cryptocurrency exchange Binance and other top exchanges announced that they would not support Litecoin (LTC) deposits and withdrawals utilizing the Mimblewimble Extensions Block (MWEB) function.

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