Litecoin To Implement Privacy Features, May Use Mimblewimble
Details have been emerging in the last few days regarding Litecoin potentially embracing privacy features.
Charlie Lee, founder of the crypto often thought of as the ‘silver to Bitcoin’s gold,’ has been signalling on Twitter the new directions for Litecoin.
Perhaps returning to its traditional role as a testbed for Bitcoin, Lee has enumerated a number of possibilities for increasing privacy on transactions.
Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin.
Mimblewimble, which Lee seems to be considering appending, is a fairly new blockchain protocol which achieves very high privacy at a very low cost of disk space.
As stated above, Litecoin has served as a testbed for Bitcoin before, for example in the case of implementing SegWit.
If privacy features can be successfully integrated and shown to be stable, perhaps Bitcoin could be next in line.
Colin Muller’s original article for cryptoglobe.com reduced by 76%
Related story: Monero’s Riccardo Spagni: “Financial privacy is a basic human right”
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