Saturday, October 31, 2020
No menu items!
  • News
  • Cryptocurrency
  • Contact Us
More

    Charlie Lee Discusses the Effort of Litecoin Foundation in Making LTC Transactions Private

    Must Read

    Charles Hoskinson: We Are Building Infrastructure to Make Cardano Blockchain Suitable for Future Elections

    The CEO of IOHK, Charles Hoskinson, has stated that his team has been building infrastructure to make Cardano blockchain...

    David Schwartz Highlights Obstacles Facing XRP As Price Lags Behind Bitcoin (BTC)

    XRP continues to underperform in the market compared to Bitcoin (BTC), the largest cryptocurrency by market capitalization. As this remains...

    Ripple Makes More Payments into MoneyGram to Boost Liquidity of XRP-Powered ODL

    Ripple, the blockchain payments firm, has reportedly paid millions in market development fees to the money transfer giant MoneyGram. According...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    Charlie Lee, the creator of Litecoin (LTC) has discussed the effort of the Litecoin Foundation in assuring the confidentiality of LTC transactions.

    He stressed this during a new episode of Cred’s Meet Our Partners. There, he pointed out the effort of the Litecoin Foundation in making LTC more reliable money and a store of value.

    In his statement, he averred that there are more utilities for digital currency apart from being a store of value. This, he said the Litecoin Foundation is working to add to the use cases embedded in LTC to boost its trustworthiness.

    Charlie Lee said:

    “With Litecoin, we are definitely aiming moving more towards payments for people to actually spend the coins as opposed to just holding onto it as a store of value.

    You can see there’s more and more ATMs coming out that support Litecoin, where people can easily withdraw their Litecoin or convert cash to Litecoin…

    The goal is for [Litecoin] to be money. It’s where you store your value and also where you can use it to purchase goods and services.”

    “Recently, we’ve put a big effort into a project around confidential transaction in MimbleWimble which is to create ways to make Litecoin more private. I think privacy and fungibility [are] very important, and we’re pushing that technology, trying to get that implemented and deployed in Litecoin.”

    Litecoin (LTC) in the Market

    The crypto market has struggled to maintain its stability since the novel coronavirus was declared a pandemic a couple of days ago.

    This has negatively affected the growth of virtually all cryptocurrencies in the market, including Litecoin (LTC), the 7th largest cryptocurrency.

    At the time of filing this report, LTC is trading at $38.77, with a 0.52% price decrease in the last 24 hours.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Charles Hoskinson: We Are Building Infrastructure to Make Cardano Blockchain Suitable for Future Elections

    The CEO of IOHK, Charles Hoskinson, has stated that his team has been building infrastructure to make Cardano blockchain...

    David Schwartz Highlights Obstacles Facing XRP As Price Lags Behind Bitcoin (BTC)

    XRP continues to underperform in the market compared to Bitcoin (BTC), the largest cryptocurrency by market capitalization. As this remains to be a concern within...

    Ripple Makes More Payments into MoneyGram to Boost Liquidity of XRP-Powered ODL

    Ripple, the blockchain payments firm, has reportedly paid millions in market development fees to the money transfer giant MoneyGram. According to the third quarter financial...

    Cardano (ADA) Can Now Be Purchased and Traded With Euro on Gemini Exchange

    Gemini, a top cryptocurrency exchange based in the United States, has announced that Cardano (ADA) can now be purchased by users on its platform...

    CZ Binance Reacts to Report Regarding Rumored FBI Investigation and Regulatory Evasion

    The CEO of Binance exchange, Changpeng Zhao, popularly known as CZ, has reacted to the rumor about the exchange being investigated by the Federal...

    More Articles Like This