Litecoin News Today – 41k Litecoin Wallets Join the Network With Zero Balance, June 28th, 2020

  • 41,000 Litecoin wallets Join the network with Zero LTC
  • LTC network to release an upgraded version of MimbleWimble
  • Extension block of MimbleWimble would use privacy features

Litecoin news today – According to reports, in only 24-hours, no less than 41,000 new Litecoin wallets have been integrated into the Litecoin network. These wallets all have zero LTC in accounts. The latest development within the Litecoin Blockchain was announced by David Schwartz, the project’s director. The Litecoin foundation also gave further announcements about the native Blockchain network of the number seven largest digital asset by market cap. The most paramount one of those announcements is the report that the network is set to launch an upgraded version of the MimbleWimble solution. The network’s chiefs say this upgraded version of MimbleWimble will enhance Litecoin’s privacy commitments even better.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$88.29

Litecoin News Today – Litecoin will Release Upgraded Version of MimbleWimble

The announcement came when the entire Litecoin community has been awaiting the announcement of the upgraded version of Litecoin’s MimbleWimble solution. Per the reports, the upgraded version of the above-mentioned software would improve the scalability and privacy of the Network. Schwartz, while making this announcement, stated that in the last 48-hours, no less than 87,000 addresses signed up to the Litecoin network. Schwartz has worked as a project manager at the Litecoin Foundation since September 2019. Along with his position as the project manager, Schwartz is also running his company. He is the CEO of his firm Cornerstone Global Management, LLC. Cornerstone is a crypto-based firm that deals with employee pay, crypto education, and influencer management. In early 2019, the company collaborated with the Litecoin Foundation. The goal of the partnership was to allow Cornerstone to use the Litecoin wallet and the Loafwaller for its employee payment scheme.

Litecoin News Today – Upgraded Software will Enhance Litecoin’s Privacy

Regarding the coming MimbleWimble upgraded version, Charlie Lee, the founder of Litecoin has claimed that after this solution has been integrated into the Litecoin Network, the Blockchain would offer better scalability to users. While speaking further on the advantages of the upgraded version of MimbleWimble during a recent interview, Lee said it would enhance privacy on the Litecoin Network. Lee also talked about how hackers have been able to counterfeit N number of coins. He said they have been able to achieve this because of the hidden inflation. This act of counterfeiting N coins is called battering privacy coins. The Litecoin chief assured the community that if the Network faces this type of risk that his team would look take the matter seriously and ensure that it managed properly. Lee also remarked that for now only MimbleWimble’s extension block would be able to utilize the latest privacy features. This means it won’t affect Litecoin’s layer. While praising Litecoin’s speed, Lee said Litecoin has been perfect since creation.

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