Yours.org, a project that makes the marketplace for content creation accessible and fair, has announced a decision to switch to Litecoin, a digital currency whose value is on the rise. Ryan Charles, the cofounder and CEO of Yours.org announced “We are currently migrating our infrastructure from bitcoin to litecoin.”
Charles explained to a substantial Twitter fan base his logic in choosing litecoin as the currency for Yours:
“Litecoin has a large economy and our technology works on litecoin with almost no changes. We like ethereum too, but ethereum is too different from bitcoin for us to easily switch. Litecoin has the best combination of economic size and technical similarity to bitcoin. On Litecoin, transaction fees are only a few cents. This means users can comfortably load only $1 onto our network while still paying negligible fees. This is a radically lower barrier to entry compared to $100 for bitcoin. Litecoin is one hundred times better for our application today than bitcoin.”
Yours.org is only being previewed by a select (lucky) crowd of testers at this time, with a full launch set for May 30. For now, and presumably until the full platform launch, the site invites curiosity and at the same time appeals to the utterly cool personality type. Upon arriving at the existing site at Yours.org, new users will be met with a modern, masculine, and simple form that leads the user through a sequence of fascinating multiple choice questions. It appears to survey the users for their ambitions and creative goals.It continues the elusive, hard-to-get game by politely ending the sequence with a mere promise to get in touch by email, when Yours.org is ready. Great introduction, whether it is strategically coy or accidental.
Yours.org is among the only micropayment media that appears to value the creators of the content being delivered to the world, instead of the industry’s more common preoccupation with high profits.
Ryan Charles articulated further on this noble concept:
“Mainstream apps like Yours will be how a global audience finds economic freedom with blockchain technology. Both on-chain and off-chain scaling will be necessary to achieve this vision.”
Nevertheless, the CEO of Yours, says that litecoin will evnetually face the same problem as Bitcoin and made clear of his intentions to support Research and Development to further on- and 0ff-chain scaling on both blockchains.
Litecoin has seen an increase in interest from various participants in the ecosystem after activating SegWit, a solution to increase the transactional capacity of a blockchain network. Along with Yours, other companies may be looking at adopting the altcoin following the release of an updated road map for 2017.