Deciding when to launch privacy features for Litecoin (LTC)
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Answer Deciding when to launch privacy features for Litecoin (LTC)
Charlie Lee, the founder of Litecoin, is working on the development of “Extended Block” and “MimbleWimble” to launch new protocols on the Litecoin network by the end of the summer of this year.
The lead developer team is being directed towards adding privacy capability with a new development of the Litecoin blockchain.
appointed The Litecoin Foundation “David Burkett” as the lead developer of the “EB / MW” protocol.
David Burkett is also the creator of the Grin++ cryptocurrency and is currently working on both, because the development roadmaps are similar.
In the latest February update, Burkitt released the Litecoin optimization protocol for unilateral transactions.
It will enable the “MimbleWimble” protocol to work when only the sender is connected to the Internet and also provide online payment evidence.
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No deadlines have been set for the general application of the protocol.
The use of LTC with Updated Protocols (EB/MW) is still in the pipeline.
This will include all block validation rules for block text, text messaging, basic P2P messaging, transaction pooling, synchronization, and the ability to mine, according to developer Burkitt.
This will not include a GUI wallet that is usable for regular users to test.
Transactions may be created manually initially, via the cli tool, or in an automated manner.
The development project based on the Litecoin blockchain is funded by the crypto community.
Apart from the initial donations to the project, only 2.6 LTC was received in the fund last January which is a very small amount.
While about $37,500 was donated in total, with a negative payment of $18,000 for the first three months.
The goal is to reach $72,000 this year.
A $6,000 donation was made to developer Burkitt in February.
The testnet’s beta launch will be around August, after which the team will push for a public launch by the end of the year.
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While the team is looking to comply with all of its other features, “price volatility” remains a major obstacle to adoption.
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