Litecoin (LTC)’s Team Is Working On Enhancing Privacy
Litecoin is in the spotlight again these days, and more achievements are being addressed.
Enhancing the MW protocol on the LTC codebase
Its creator, Charlie Lee just said that he is currently working with more developers in order to add some brand new features that are associated with the privacy-enhancing MimbleWimble (MW) protocol on the codebase of Litecoin.
The development work for the latest LTC client software which is Litecoin Core 0.18.1 is reportedly doing very great these days, according to the latest reports coming from the online publication The Daily Hodl.
It’s been also reported that the developers of LTC are working hard on implementing confidential transactions (CT) which is a privacy-oriented way that makes use of blinding keys in order to hide crypto addresses and the amounts that are being transferred.
Lee noted that while the Litecoin Github may seem to be inactive, there is definitely steady progress that is currently being made in order to enhance the crypto’s protocol.
Lee motivated that the developers are working hard and they’re too busy to stay on social media and that’s why they are not active.
“Adrian Gallagher (AKA thrasher) is leading Litecoin Core development right now and has been for a few years now. You may not know Adrian well as he is not on Twitter much, but he is awesome. He quietly has been working hard behind the scenes on Litecoin Core development.”
Updates on MimbleWimble progress:@davidburkett38, the main developer of Grin++, is now working with @ecurrencyhodler and I on the design. We've been ironing out the mechanism of getting LTC in and out of MW/EB. Also figured out how to handle MW fees in a clean way.
— Charlie Lee [LTC⚡] (@SatoshiLite) August 20, 2019
Lee also said that the scalability issue has been addressed and “fungibility, making crypto units completely indistinguishable from another part, and privacy are next,” reports the Daily Hodl.
Lee addresses LTC’s future following the halving
Not too long ago, Charlie Lee talked about the future of LTC following the halving event.
We suggest that you head over to Lee’s Twitter account and check out everything he had to say on the subject because he addressed a lot of issues.
Ex-Google engineer, Charlie Lee is the creator of Litecoin and MD of the Litecoin Foundation. Previously Director of Engineering at Coinbase, Lee now focuses full-time on Litecoin. To enhance fungibility and privacy of LTC, integration of MimbleWimble has begun, however Lee has recently announced a crowdfunding launch to fund the development.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.