Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Litecoin Forum => Other Popular Cryptos / Coins => Litecoin News & Updates => Topic started by: Shahinaz on January 02, 2020, 03:40:59 PM
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After Litecoin founder Charlie Lee pledged to make a push towards improved privacy in 2019, it appears that development towards this goal is now well underway as development funding picks up steam.
The new development plans to implement the MimbleWimble protocol on Litecoin, allowing users to selectively opt-in to privacy-preserving confidential transactions.
Matching Litecoin Donation Isn’t Enough
In order to complete the code for the Litecoin extension block and MimbleWimble implementation, the Litecoin foundation recently opened a fundraising effort. This was done in hopes to raise $72,000 to hire David Burkett, the developer of Grin++ for 15 hours of work per week on the project for the next 12 months.
As it stands, Charlie Lee has promised to match donations 1:1, which essentially means the community only needs to raise a total of $36,000 in order to reach the funding goal.
However, at least some in the Litecoin community don’t think that this is enough, with several Twitter users voicing the opinion that Charlie Lee should pay for the entire thing himself out of the profits earned from selling his stash near Litecoin’s all-time highest value back in December 2017.
more: https://beincrypto.com/litecoin-community-calls-out-charlie-lee-to-fund-privacy-upgrade/