"It has been less than two weeks since Litecoin founder Charlie Lee announced the pursuit to add confidential transactions – and it already seems like Bitcoin’s little brother is exploring much more than Greg Maxwell’s protocol proposal. On February 7th, 2019, the Medium page of Beam (one of the two Mimble Wimble implementations) published an article which announced a collaboration with The Litecoin Foundation..."
"Bitcoin is the only cryptocurrency with over 100,000 daily active addresses.
In the last 24 hours, there have been over 640,000 active Bitcoin addresses, showing strong demand for Bitcoin through the longest crypto bear market in history. This figure has showed regular, steady growth in recent months.
As late as September 2018, it was common to see coins like Ethereum and Dogecoin well into 6-digit active address figures, sometimes as high as 300,000+ for Ethereum. But lately, those figures have plummeted. In fact, Dogecoin now has twice as many daily active addresses as Ethereum, according to OnchainFX. Coins like DASH, Litecoin, and TRON are all now showing higher daily active address figures than Ethereum..."
"Charlie Lee, Litecoin Creator and Managing Director of the Singapore based, Litecoin Foundation, has just announced via Twitter the Core development teams plans to add Confidential Transactions into a future release of the full node implementation sometime in 2019..."
Interesting..
- CT can be safely implemented via a soft-fork, there are some drawbacks with the system
-regulated bodies would still be able to deal in the asset so long as transactions made to and from them are clear and publicly viewable on the blockchain.
-increase in the size of bandwidth reqirement and the Unspent Transaction Output set
Litecoin - Bitcoin's layer 2 testnet ;)
As of 12th of Janurary 2019, block #1560000 minted into existence the 60 millionth Litecoin marking ~71.5% of the total 84M according to data provided by LitecoinBlockHalf
This also marks the point at which there are only 3M more Litecoin to go until the halving, which will see the Block reward fall from 25 Litecoin to 12.5 Litecoin. The halving is estimated to take someplace this august when 75% of the total Litecoin supply has been mined. At the current reward rate it takes ~70 days to mint 1M new Litecoin into circulation and after the halving this time will double to ~140.
https://litecoin.com/en/news/milestone-60000000-litecoin-have-now-been-mined
Rozwój sieci w Litecoinie staje się coraz bardziej dynamiczny. W chwili obecnej działa już ponad 100 aktywnych węzłów na co wskazują dane dostarczone przez 1ML
Po starcie LN dla Litecoina w 2018 rozbudowa sieci była stosunkowo powolna, gdyż nie było pośpiechu w implementacji LN w Liteconie, początek roku 2019 to jednak czas dynamicznego rozwoju technologii LTC Lightning Network, która ma szanse zrewolucjonizować system mikropłatności w czasie rzeczywistym.
Przewagą LTC LN jest skalowalność - łańcuch bloków 1 warstwy Litecoina jest odporny na przeciążenia, gdyż czas wydobycia bloku jest tutaj czterokrotnie szybszy co umożliwia przetworzenie 4 razy większej liczby transakcji niż w przypadku Bitcoina w tej samej jednostce czasu.
Sieć LN nie jest jeszcze idealna i powoduje pewne trudności w konfiguracji, jednak wszystko zmierza we właściwym kierunku, postępy są widoczne gołym okiem. Modyfikacje w przestrzeni UX/UI oraz dodawanie kolejnych funkcjonalności w graficznym interfejsie ma otworzyć tę technologię także dla mniej technicznych użytkowników, którzy chcieliby osobiście przetestować LN.
Litecon Fundation zaleca portfel Zap, który obsługuje technologię Lightning w Bitcoinie jak również Litecoinie - dostępny na desktop oraz iOS https://zap.jackmallers.com
https://litecoin.com/en/news/litecoin-lightning-network-passes-100-nodes
Interesting how coin so close to Bitcoin can be one of the biggest, solid community and time in the market let Litecoin solidify in the market without being "the lastest tech".
LTC is like Bitcoin's more serious new feature "testnet". That's how it was for segwit. LTC didn't collapse - then it was viewed as OK for BTC. With MW possibly implemented in LTC, that bodes well for BTC too!
LTC is just an altcoin... https://medium.com/@BrickstringTech/altcoin-creators-and-promoters-exploit-the-inner-scammer-in-everyone-a7f7eff85456