Altcoin News: Charlie Lee Reported on Progress in Increasing Litecoin Privacy

August 23, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Litecoin creator Charlie Lee said he is working on integrating the MimbleWimble (MW) privacy protocol with other developers.

“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, ” he writes.

This year, Lee promised to integrate confidential transactions into Litecoin, which will hide the addresses and transaction amounts, which should help make cryptocurrency coins equivalent regardless of how they were used before.

Lee also notes that while the Litecoin repository on Github may seem abandoned, work on the cryptocurrency protocol does not stop. Many Litecoin developers are inactive on social networks, he added.

Lee believes that the issue of scaling has remained in the past, and the most relevant issue now is coin interchangeability:

“Interchangeability is the only quality of a stable currency that Bitcoin and Litecoin lack. Now that the debate about scaling is behind, the next battleground will be interchangeability and privacy. I am working to increase Litecoin interchangeability by integrating sensitive transactions.”

Author: Marko Vidrih