Altcoins News
By Dan Saada
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Litecoin (LTC) Litening Agenda
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Mimble Wimble is the protocol for Litecoin, started development during the second half of 2019, which is under development and focuses on providing more privacy and fungibility…
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The initial block download project is featured to improve the scalability of the Litecoin Network. The transactions will be verified only by checking the “state of the chain.
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Unlike the Bitcoin Verification Mechanism, the Litecoin developer end has to reinstate that the initial state download is a very accurate verification mechanism concerning the…
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The focus of the month of July reportedly was around, “GETMWSTATE, MWSTATE, kernels, utxos, unspent_bitmap, parent_hashes.”
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By August, it is expected that the MWSTATE message processor and cleaning up the code will be completed.
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David Burkett stated that they were expecting to focus on reorg logic in August, but decided to delay that until September.
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David Schwartz tweeted: Once #Litecoin adds MimbleWimble it will be the only #Cryptocurrency in the market cap's Top 10 currently with fungibility. Let that sink in a minute.
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When one Erik asked, “So am I understanding this correctly. Amounts will be hidden but not addresses? Could you maybe define fungibility in the case of crypto?”
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David Schwartz replied, “Correct. It will be opt-in. Like choosing to use cash vs. your debit card.” Further stated, testnet still slated to go live in September 2020.
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One of the commentator expressed, the fundamental to why the whole cryptocurrency space came in to existence is to replace cash and give the power back to people.
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Sydney Ifergan, the crypto expert tweeted: “Litecoin (LTC) is progressing and we need to watch what the exclusive announcement from Charlie Lee for August 11, 2020 is set…
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David Schwartz tweeted about the Litening Series, which he states is the first of the hopefully many virtual events.
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The event is set to be moderated by Brian Haggerty. The Welcome Introduction is from Jay Milla, Director Marketing: The Litecoin Foundation; Exclusive Announcement from Charlie…
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If you like the article, feel free to send a tip to our writers in Litecoin to: LW4GeGdapUXcHyG9ByPWugQQ6madRyXSSv or any other Cryptos via this link.
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