To the Moon! Litecoin founder Charlie Lee officially resigns from Coinbase and will focus on Litecoin

Litecoin founder Charlie Lee has officially announced on Twitter that he will leave Coinbase and focus on Litecoin, which he created. This news is a big surprise to the Litecoin community, which is now entering a new stage of development and has recently activated Segregated Witness (SegWit).

Charlie Lee's Twitter announcement was very short, but very optimistic. He said,

“Today is my last day at Coinbase! I will miss working with you all. Now I will be turning my attention to Litecoin. To the Moon!”

The move came as a surprise to most, but it was ultimately a timely move by the Litecoin founder, who said the Litecoin ecosystem will seek to evolve and change in the interests of all participants.

Litecoin and Charlie Lee: To the Moon?

Given that the Litecoin ecosystem is now eager to grow and gain greater competitiveness compared to other cryptocurrencies, Lee’s return is an unusual event and the timing is perfect, especially now that the use of Segregated Witness (SegWit) is being tested. In all the turbulent waters, the community may need strong and viable leadership to take the helm.

According to previous reports, the Litecoin Foundation and Litecoin Core have announced a new Litecoin development roadmap, outlining the development plan for the next 12 months. Charlie Lee said that the focus of this roadmap is on smart contracts and atomic cross-chain exchanges. In addition, he also emphasized that he intends to "do everything possible" to speed up the deployment of the Lightning Network on Litecoin. Last month, several teams have begun actively testing the Lightning Network, an off-chain payment solution originally designed for Bitcoin.