SegWit May Turn Litecoin Into Testbed for More Private Bitcoin Transactions

Much of the hysteria around Litecoin’s activation of Segregated Witness (SegWit) this week has focused around the altcoin’s rising exchange rate, but the implementation of this change on one of the oldest alternative cryptocurrencies in existence could also have implications for Bitcoin. In addition to turning Litecoin into a proving ground for SegWit, the change will also allow developers to test out systems currently being built on top of the SegWit base.

One of these new systems that has Litecoin creator and Coinbase Director of Engineering Charlie Lee excited is Confidential Transactions, which is a method of improving privacy by masking the amounts involved in transactions.

Lee recently discussed the topic of SegWit on Litecoin on The Bitcoin Podcast with co-hosts Corey Petty and Marcello Milteer. Blockstream CTO and Bitcoin Core contributor Greg Maxwell, who has worked heavily on the Confidential Transactions proposal, also recently shared some of his own thoughts related to SegWit on Litecoin

Read more ... source: TheBitcoinNews

News from Darknet

Previous article(+) ICO Analysis: Tezos
Next articleThe Blockchain: A Gold and Silver Launchpad?

Let's block ads! (Why?)

Powered by Bitcoin Central