Charlie Lee titled a discussion on Twitter on fungibility and hinted at the addition of Confidential Transactions in a “future release of the full-node implementation” in 2019.
Litecoin becoming a privacy-oriented coin could bring more relevancy for the project, but it could also trigger something else: issues on the regulatory and security fronts.
Anonymity is a gold standard these days for decentralization, and it’s understandable that Litecoin is considering it.
Deciding on the technology to be implemented
Now, the Litecoin developers are working really hard in order to determine which privacy features they will be adding on the network.
The team was not able to make a final decision by now regarding the technology that they will be using.
Charlie Lee said that fungibility is the only property of sound money that’s missing from Bitcoin and Litecoin as well.
He said that now that the scaling debate is behind them, the next battleground will be on privacy and fungibility.
Lee also said that at the moment he is focused on making Litecoin more fungible by adding Confidential Transactions.
“Litecoin dev team spent hours discussing how to add Confidential Transactions. The way to do a softfork CT is very similar to doing extension blocks and extension blk may be simpler and can do a lot more. We are now also exploring doing bulletproof MimbleWimble w/ extension blks.” Lee explained.