Litecoin’s MimbleWimble via Extension Blocks Will Be Code Complete by 15th March. Here’s Why It Matters
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Litecoin Foundation has recently announced its migration from a multi-sig Electrum-LTC wallet to BitGo’s multi-sig wallet, which is part of its efforts to simplify the management of the foundation’s funds.

Litecoin Foundation passed this new development across to the community via its official website and Twitter handle some hours ago.

According to the report, BitGo’s multi-sig wallet is expected to provide much greater convenience, with relatively the same level of security.

Litecoin Foundation shared this, “As part of our efforts to simplify the management of the foundation’s funds, we are migrating from the multi-sig Electrum-LTC wallet to BitGo’s multi-sig wallet, which provides much greater convenience and nearly the same level of security.”

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In order to avoid any potential misplacement of donations, Litecoin Foundation stated that “we request all donors to stop using our old Litecoin addresses. Instead, please use the information on our Support page to continue supporting us.”

The foundation furthered that the old addresses will be kept on the Finance page for 1 month, to give the public the room to track the funds. The foundation, however, stated that the old addresses will be removed afterward, to avoid misusage.

As for the donations for the Litecoin Confidential Transactions project, the foundation said it should be sent directly to the project’s escrow account shown on

Furthermore, the foundation said it has transferred all the funds raised on behalf of the project to the project’s escrow account.

Conclusively, Litecoin Foundation stated that the addresses of the new wallets of BitGo will be made public on its Finance page.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.