The Currency Analytics

Scaling Solutions like Mimblewimble and Confidential Transactions likely from Litecoin

By Maheen Hernandez

The value of Litecoin went up by 10% in just 3 hours from $33 to $38.   

EOS was holding the 4th position in the line from Bitcoin, Ripple, and Ethereum ever since 2018.  This Litecoin has surpassed EOS.

The open source developer community of Litecoin has come at a point in time when the developer community is progressing towards its goal of implementing scaling and privacy…

Since Bitcoin and Litecoin are similar to each other, it was possible for Litecoin developers to experiment on the scaling solutions in just a short period of time.

Charlie Lee stated in the past month that the Litecoin Community is dedicated in order to complete the Confidential Transactions.

The major property that is missing from Bitcoin and Litecoin is Fungibility.  By adding Confidential Transactions, Charlie Lee believes that Litecoin will be more fungible.

The development team of Litecoin discussed for several hours about how to add confidential transactions.

Mimblewimble and confidential transactions are mostly focused on privacy, and thus they make it possible for users to send and receive payments without having to reveal their…

The plans of finalizing Confidential Transactions and its implementation by the end of this year has been announced, and the community is already beginning to work on the…

Litecoin expressed their current stand in the Column by stating, “We have started our exploration towards adding privacy and fungibility to Litecoin by allowing on-chain…

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