The Litecoin community is quite excited about a project developed by MIT. It is a bit unclear as to what this project entails exactly since no one knows for sure what it is about. We do know it is a project which will go live on August 1st this year. On this day, the Bitcoin UASF is expected to go live as well. It will be quite interesting to see what MIT has up their sleeve, to say the least.

What is This Mysterious MIT Project?

According to Lee’s opinion, though, it is possible this has something to do with the MIT DCI Lit lightning network.To be more specific, the lit project is a lightning node anyone can run on their own. It is still in the very early stages of development, to say the least. However, it goes to show there is a growing need for Litecoin lightning network solutions. After all, Litecoin is well ahead of Bitcoin in achieving this major milestone.

The countdown is here : http://litecoin.mit.edu/