The five altcoins we are focusing on for the week of March 15-21 are Litecoin, Stellar Network, NEM, Celsius Network, and Holochain, respectively.
Litecoin (LTC)
News This week: MimbleWimble via Extension Blocks (MWEB) codes are expected to be completed on March 15th. Litecoin miners will decide if they support this update after the necessary code checking is made.
Why To Follow: MWEB was featured in a Litecoin Improvement Proposal in 2019. The goal of the project, which has been under development since then, is to enable Litecoin users to switch to L2 more secretly than usual. The number of transactions made during the transition can be kept confidential with MWEB.
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Stellar Network (XLM)
News This Week: The Stellar test network reset is scheduled for 03/17/21 at 0900 UTC.
Reminder: the #Stellar test network reset is scheduled for 03/17/21 at 0900 UTC. That's a week from today. #StellarDevelopers, you can sign up for status alerts for all scheduled network maintenance here: https://t.co/3EHAk5ikGv
— Stellar (@StellarOrg) March 10, 2021
Why To follow: The Stellar test network is used to test existing applications and develop new projects. Thanks to the reset, the spam is cleaned, the adaptation time to the ledger is shortened and the system operates in a more sustainable way.
NEM (XEM)
News This week: Symbol, developed by NEM, will go live on March 15th.
Why To follow: Symbol, which has been in development for four years, will introduce the NEM ecosystem with new technical features. Symbol designed to be suitable for individual and corporate use is being promoted as a new generation blockchain at the corporate level. The developer team states that Symbol is an essential step for NEM.
Celsius Network (CEL)
News This Week: Celsius Network CEO Alex Mashinsky announced that the CEL token will be listed on three new exchanges.
Why To Follow: Founded by Alex Mashinsky and Daniel Leon, the Celsius Network first started trading on exchanges in June 2018. Mashinsky announced at the AMA event held on March 12 that Liquid, Bittrex, and Bitfinex exchanges will list CEL tokens this week.
Holochain (HOT)
News This Week: Holochain announced that the old messages in the Elemental Chat application will be deleted on March 15 and the application will be reset.
1/9 ?We’re preparing to redeploy the chat application to hosts in our Alpha Test for Elemental Chat on Monday March 15th.#ElementalChat #P2P #App #Holo #Holochain #HoloPort pic.twitter.com/39jqv2MDQo
— Holo (@H_O_L_O_) March 13, 2021
Why To Follow: Elemental Chat is the first Holochain application to cover all HoloPorts. HoloPort owners can communicate with each other instantly thanks to this application. Some bugs of Elemental Chat, which is still in the testing phase, will be fixed during the reset.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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