• CoinStic
  • Posts
  • Charlie Lee Says the Litecoin Team Is ‘Ironing Out’ Progress on Privacy

Charlie Lee Says the Litecoin Team Is ‘Ironing Out’ Progress on Privacy

August 22, 2019

Litecoin creator Charlie Lee says he’s working with a group of developers to add certain features associated with the privacy-enhancing MimbleWimble (MW) protocol to Litecoin’s (LTC) codebase. 

Development work for the latest LTC client software, Litecoin Core 0.18.1, is reportedly “coming together nicely.”

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.

Asparagus! pic.twitter.com/MimlpNbclT

— Charlie Lee ???? (@SatoshiLite) August 20, 2019

Earlier this year, Lee confirmed that he was considering integrating MW on the Litecoin network. Additionally, LTC’s developers are planning to implement confidential transactions (CT), a privacy-focused method that uses blinding keys to hide cryptocurrency addresses and amounts being transferred.

Lee notes that while the Litecoin Github may appear to be inactive, there’s still steady progress being made to enhance the cryptocurrency’s protocol.

1/ Just want to set the record straight.

In the 8 years history of Litecoin, we've only had a handful of core developers working on Litecoin Core.

At various points in time, it's been me, @wtogami, @thrasher_au, @shaolinfry, @TheRealXinxi, and @loshan1212.

— Charlie Lee ???? (@SatoshiLite) August 11, 2019

Lee also says that many Litecoin developers who are busily working are not very active on social media.

“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.”

Overall, Lee believes that the scalability issue has been addressed and that fungibility, making crypto units completely indistinguishable from another part, and privacy are next.

Says Lee,

“Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy. I am now focused on making Litecoin more fungible by adding Confidential Transactions.”

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.