The founder of Litecoin (LTC) – Charlie Lee – recently asked the Litecoin community (LTC) through a tweet as a feature of the privacy of the digital currency that they would like to see in the digital currency. Zcash (ZEC) and Monero [XMR] are two cryptocurrencies that are categorized by a predominantly high level of anonymity and transactions that can not be traced.
Charlie Lee started a poll because he believes a similar feature is missing in his digital coin. The most significant approval was given to the "Private Transactions" option, preceded by MimbleWimble and ZK-Snarks / ZK-Starks.
Litecoin (LTC) set to adopt a new privacy function
In the case of Zcash (ZEC), the development team used a privacy protocol that completely protects all transactions and makes related information, such as # 39; address and transaction amount, cryptographically encrypted and completely inaccessible.
Although the Litecoin community (LTC) welcomes the idea, there are still a lot of mistakes that cast doubt on its technical possibilities. The CEO of Satoshi Portal – Francis Pouliot, said that, for example, MimbleWimble can not be implemented because the existing blockchain must be completely changed. This means that for the MimbleWimble to be implemented on Litecoin's blockchain (LTC), the existing blockchain project will be discarded.
Ricardo Spagni – a popular developer of Monero [XMR] – said that the demand for anonymous digital coins is on the increase as more and more people demand high demands in terms of privacy. At present, there is no information from the founder of Litecoin (LTC) that a proposal must actually be created and implemented. However, the survey shows that demand is still very high for such technologies.
Litecoin (LTC) Price today – LTC / USD
At the time of writing, Litecoin (LTC) traded at $ 64 after an increase of more than five percent in the last twenty-four hours. Litecoin (LTC) currently has a market capitalization of $ 3.69 billion and its trading volume in the last twenty-four hours is $ 284.95 million