Published On: Tue, Nov 14th, 2017

Confidential Transactions Will Hit Litecoin After Bitcoin – Charlie Lee

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Charlie Lee has celebrated new technical advances that could see Bitcoin and Litecoin transactions become much more private.
Lee: Fungibility ‘Only Good Money Feature Bitcoin Lacks’
Summarizing a circular to the Core mailing list by Bitcoin developer Greg Maxwell, Litecoin creator Lee said he “looked forward to adding” any improvements to Litecoin in future.
The issue centers around so-called confidential transactions (CT), which would allow the amounts involved in transactions to be visible “only to the sender, the receiver, and whichever parties they choose to share the information with through sharing watching keys or through revealing single transactions,” Maxwell writes.
Applicable to Litecoin via soft fork, Lee described the improvement as addressing the lack of fungibility which represented “the only feature of good money that Bitcoin/ Litecoin is missing.”

I’m excited to see progress on Confidential Transactions. Fungibility is the only feature of good money that Bitcoin/Litecoin is missing.
I look forward to adding this to Litecoin when it is ready. And this can be done with a soft fork. Stay tuned!
— Charlie Lee (@SatoshiLite) November 14, 2017

CT was originally the product of Adam Back in 2013. Having seen considerable progress in …

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