Anonymous transactions in the Litecoin implement with the Protocol MimbleWimble
Source:
A Few days ago, Creator Charlie Lee , the developers of cryptocurrency will make every effort to implement a confidential transaction in LTC. If all goes according to plan, to anonymously send coins it will be possible by the end of 2019.
However, community Manager Litecoin Foundation Ilir Gashi warned holders coins on the absence of a clearly outlined ways of implementing technology in the cryptocurrency. Now Charlie Lee dot «e»: the development team will explore the potential of Protocol MimbleWimble to integrate a confidential transaction.
theGrin helps Lidoine
Apparently, the upcoming upgrade will be applied through softforce.
The development Team Litecoin a few hours discussing integration options confidential transactions. Application softforce very similar to the addition of advanced blocks, and they, in turn, can bring many changes to the Protocol cryptocurrencies. We are also exploring the possibility of introducing MimbleWimble in extended blocks.
Recall, MimbleWimble is the basis for the most promising cryptocurrencies Grin and Beam. The Protocol is also implemented, but with sidechained Tari. Technology should lead the anonymity of the crypt to a new level, because MimbleWimble hides all transactions in the blockchain.
The Protocol also has a mechanism CoinJoin. It combines several payments into a single chain of transactions, from which it is very difficult to track individual users of the blockchain. Earlier, Charlie Lee was named the practical implementation MimbleWimble promising. According to him, cryptocurrency Grin and Beam can even a lot of what to beat .
Litecoin dev team spent hours discussing how to add Confidential Transactions. The way to do a softfork CT is very similar to doing extension and extension blocks blk may be simpler and can do a lot more. We are now also exploring doing bulletproof MimbleWimble w/ extension blks.
— Charlie Lee [LTC⚡] (@SatoshiLite)
Today, Litecoin is trading at 34 dollars. For the past day coin rose 1.6 percent. Soon LTC bearish trend might come to an end — the main prerequisite for this experts coming halving coins.
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