Creator of Litecoin cryptocurrency Charlie Lee said that there’s a deliberate replace for his or her cryptocurrency in including assist of confidential transactions.
“Fungibility is the only characteristic of stable currency, that Bitcoin and Litecoin are missing. Now,when the debates about scalability are over, the next battleground will be on confidentiality and fungibility,” – he posted on Twitter.
He added, that now he might be extra targeted on rising fungibility of Litecoin through including confidential transactions. The replace for altcoin is deliberate to be launched till the top of this yr. On this similar matter Lee spoke out on the convention Money 2020 in October of the final yr. There he defined, that “unfresh” Bitcoins, transferred from the handle, implicated with shady operations, have extra dangers for recipient. In this context Monero has an essential aggressive benefit to Bitcoin because of the truth that all its cash are fungible on account of anonymity of protocol. He additionally claims that clear transactions in blockchain result in the conclusion in regards to the well-being of the customers taking part in them, which additionally doesn’t contribute to the recognition of sure cryptocurrencies. What would be the precise know-how used for integrating confidential transactions into Litecoin, Lee didn’t say, however famous, that there received’t be a necessity for hardfork.
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