Charlie Lee: “Privacy Features Coming to Litecoin Next Year”

Charlie Lee: “Privacy Features Coming to Litecoin Next Year”

Crypto News
14.10.2020
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Litecoin founder Charlie Lee said that developers are planning to introduce features to improve the privacy of transactions in the blockchain next year.

Litecoin founder Charlie Lee said in an interview that now cryptocurrency users are increasingly attracted by the functions of increasing the privacy of transactions. According to him, the Litecoin developers have already tested such tools and plan to deploy them to the mainnet next year.

“I want to make sure that users don’t have to give up their financial privacy when using Litecoin,” Lee said. “Even if you’re not doing anything illegal, you don’t want people to know how much money you have or what your salary is.”

This month, Litecoin developers launched the MimbleWimble protocol on the testnet, which reduces the amount of public data by using “expansion blocks” to help hide the input and output of transactions. The introduction of new privacy features could be another chance for Litecoin to highlight its difference from Bitcoin.

“I don’t think Bitcoin will go that way, because this is a pretty big change,” Lee said.

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