the Litecoin (LTC), Charlie Lee, according to anonymous. „Confidential Transactions“, a System that the users of private transactions can perform, be a suitable means to provide for more marketability of the Token. The System is also suitable for the big brother Bitcoin?
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On 29. January 2019BTC$3.418,12 0.04%part Facebook Twitter LinkedIn xing mail
privacy and fungibility, i.e. the equivalent of replacement of individual Coins, is a permanent topic in the crypto-Space. It is often said that as soon as User units of Bitcoin & co. to spend for illegal purposes, it happened to the fungibility. Because Bitcoin units can be used as a „tainted“ to be spoiled““, mark. This could lead to the entities accept certain Coins. This should, in turn, the Suitability as a medium of exchange more down, because suddenly certain „clean“ units of currency are worth more than their corrupt counterparts.
But there is a technical remedy. How Litecoin-Papa Charlie Lee in an Interview with the Crypto Insider to the Protocol, „Satoshi Lite“ aware of this issue and wants to present in the near future a solution.
Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy.
I am now focused on making Litecoin more fungible by adding Confidential Transactions.
