{"id":122128,"date":"2020-01-02T12:00:33","date_gmt":"2020-01-02T12:00:33","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=122128"},"modified":"2020-04-09T18:42:13","modified_gmt":"2020-04-09T17:42:13","slug":"development-has-started-on-litecoin-privacy-features-but-crowdfund-still-needs-57000-in-donations","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/development-has-started-on-litecoin-privacy-features-but-crowdfund-still-needs-57000-in-donations\/","title":{"rendered":"Development has started on Litecoin privacy features, but crowdfund still needs $57,000 in donations"},"content":{"rendered":"<p>The development has officially begun on Litecoin\u2019s implementation of Mimblewimble extension blocks, a feature that will bring confidentiality to the sixth-largest cryptocurrency by market capitalization.<\/p>\n<p>The news comes nearly a year after Litecoin creator <a href=\"https:\/\/cryptoslate.com\/people\/charlie-lee\/\">Charlie Lee<\/a> announced the intention to improve LTC\u2019s fungibility by enabling confidential transactions, and a month after the Litecoin Foundation <a href=\"https:\/\/cryptoslate.com\/litecoin-foundation-launches-crowdfunding-campaign-to-develop-confidential-transactions-for-ltc\/\">began accepting<\/a> donations to support the effort.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy.<\/p>\n<p>I am now focused on making Litecoin more fungible by adding Confidential Transactions. ?<\/p>\n<p>&mdash; Charlie Lee [LTC\u26a1] (@SatoshiLite) <a href=\"https:\/\/twitter.com\/SatoshiLite\/status\/1089935081337085952?ref_src=twsrc%5Etfw\">January 28, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Burkett, the Grin developer tasked with implementing privacy features in LTC, stated on the project\u2019s \u201c<a href=\"https:\/\/litecointalk.io\/t\/mimblewimble-progress-update-thread\/26678\/8\">Progress Update Thread<\/a>\u201d he spent December reorganizing the code that will be shared between Litecoin and Grin++, a Grin node client that will interact with the Litecoin protocol to enable opt-in confidential transactions.<\/p>\n<p>The developer also linked to two GitHub repositories, \u201c<a href=\"https:\/\/github.com\/GrinPlusPlus\/libmw-core\">libmw-core<\/a>\u201d and \u201c<a href=\"https:\/\/github.com\/GrinPlusPlus\/libmw-ltc\">libmw-ltc<\/a>,\u201d and advised that the technically-inclined can follow along as he makes updates.<\/p>\n<h2>A quarter of the way there<\/h2>\n<p>In December, the <a href=\"https:\/\/cryptoslate.com\/companies\/litecoin-foundation\/\">Litecoin Foundation<\/a> announced a crowdfunding campaign to provide David Burkett with enough funds to support a year\u2019s worth of work on the project. That figure was set at $72,000, and the Litecoin Foundation pitched in $5,450 worth of LTC and BTC to kick off the effort.<\/p>\n<p>A month later, the crowdfund is a quarter of the way to meeting its target, having drawn about $9,500 worth of LTC and $100 worth of BTC contributions from donors, which added to the foundation\u2019s contributions will provide Burkett with just under three months\u2019 worth of runway (at $6,000 per month). Lee has once again called on the Litecoin community to chip in:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Here&#39;s the December update on MimbleWimble on Litecoin by <a href=\"https:\/\/twitter.com\/DavidBurkett38?ref_src=twsrc%5Etfw\">@DavidBurkett38<\/a>: <a href=\"https:\/\/t.co\/wbmcQJEcDQ\">https:\/\/t.co\/wbmcQJEcDQ<\/a><\/p>\n<p>Fundraising for the Litecoin Confidential Transaction Fund is going strong. We are 1\/4 of the way there. But we still need your help <a href=\"https:\/\/twitter.com\/hashtag\/LitecoinFam?src=hash&ref_src=twsrc%5Etfw\">#LitecoinFam<\/a>. Thanks! <a href=\"https:\/\/t.co\/lHZE1ipGtn\">https:\/\/t.co\/lHZE1ipGtn<\/a> <a href=\"https:\/\/t.co\/iDoGlp3vMG\">pic.twitter.com\/iDoGlp3vMG<\/a><\/p>\n<p>&mdash; Charlie Lee [LTC\u26a1] (@SatoshiLite) <a href=\"https:\/\/twitter.com\/SatoshiLite\/status\/1211528149910994944?ref_src=twsrc%5Etfw\">December 30, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A number of users responded positively to Lee\u2019s request, and yet many claimed the Litecoin founder \u2014 who controversially <a href=\"https:\/\/www.reddit.com\/r\/litecoin\/comments\/7kzw6q\/litecoin_price_tweets_and_conflict_of_interest\/?utm_source=share&utm_medium=web2x\">sold<\/a> an estimated $200 million worth of LTC at or near the coin\u2019s all-time high \u2014 should fund the entire project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The development has officially begun on Litecoin\u2019s implementation of Mimblewimble extension blocks, a feature that will bring confidentiality to the sixth-largest cryptocurrency by market capitalization. The news comes nearly a year after Litecoin creator Charlie Lee announced the intention to improve LTC\u2019s fungibility by enabling confidential transactions, and a month after the Litecoin Foundation began [&hellip;]<\/p>\n","protected":false},"author":175,"featured_media":122138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15323,61045,37],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Development has started on Litecoin privacy features, but crowdfund still needs $57,000 in donations<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/development-has-started-on-litecoin-privacy-features-but-crowdfund-still-needs-57000-in-donations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Development has started on Litecoin privacy features, but crowdfund still needs $57,000 in donations\" \/>\n<meta property=\"og:description\" content=\"The development has officially begun on Litecoin\u2019s implementation of Mimblewimble extension blocks, a feature that will bring confidentiality to the sixth-largest cryptocurrency by market capitalization. The news comes nearly a year after Litecoin creator Charlie Lee announced the intention to improve LTC\u2019s fungibility by enabling confidential transactions, and a month after the Litecoin Foundation began [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/development-has-started-on-litecoin-privacy-features-but-crowdfund-still-needs-57000-in-donations\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-02T12:00:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-09T17:42:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2020\/01\/litecoin-development.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jonnie Emsley\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jonnie Emsley\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/development-has-started-on-litecoin-privacy-features-but-crowdfund-still-needs-57000-in-donations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/development-has-started-on-litecoin-privacy-features-but-crowdfund-still-needs-57000-in-donations\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/jonnie-emsley\/#person\",\"name\":\"Jonnie Emsley\",\"url\":\"https:\/\/cryptoslate.com\/author\/jonnie-emsley\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/jonnie-emsley\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/jonnie-emsley\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/10\/author-jonnie-emsley.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/10\/author-jonnie-emsley.jpg\",\"caption\":\"Jonnie Emsley\"},\"jobTitle\":\"Contributor\",\"description\":\"Jonnie is a writer and blockchain enthusiast based in Ho Chi Minh City, Vietnam. 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