The idea behind lite accounts was basically to send and receive HIVE, similar to what a Litecoin wallet does. I do not know how they changed in the programming.
They are going to be layer 2 according to the info which means they will not have access to most of the base layer features. I am sure they can engage but things such as governance are not included.
I see. I guess it's much more limited that I imagined. Thanks.
We will have to wait and see what rolls out. There might be more info in the gitlab. I dont know.