Did I miss something? But what news preceded this pump? I have checked their twitter - nothing interesting...
Not sure it is real or not because the Litecoin team have not confirmed about this.
There is drama on cooperation between Litecoin and Mimblewimble to boost the pace of developments on privacy for Litecoin network.
I guess this one is the reason of today rise.
This is the email I got on their plan to implement private transactions...
The Momentum Continues
Since we last wrote you a couple weeks back, there's been no shortage of activity keeping us busy:
Charlie Lee announced that we will be exploring Confidential Transactions.
Humanitarian Luiza Palma joined the LF to help Litecoin reach its world-changing potential.
We announced a sponsorship of the Mammoth Film Festival, and much more.
There are also a lot of exciting things happening in the background that we'll share as soon as the time is right.
As a non-profit, your support fuels these efforts. If you think we're doing a good job, visit the Litecoin Foundation site and donate any amount to show your support and help Litecoin reach its true potential!
Enjoy the issue and stay tuned!
Litecoin Explores Confidential Transactions
Charlie Lee recently announced that the Core development teams plan to add Confidential Transactions (CT) into a future release of the full node implementation sometime in 2019.
Charlie has previously mentioned his interest in CT as a potential solution to the fungibility problem which he views as one of final hurdles for cryptocurrencies to be ‘sound money’. For those who don't know, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable.
As this article puts it, "The underlying idea is very simple: if one coin becomes more valuable than another thanks to its history of transactions, or if there are monetary units that face restrictions due to their whereabouts, then the currency isn’t fungible. And when making a transaction reveals the entire balance, it becomes a problem for people who are cautious about their financial privacy, which may deter shoppers from spending their cryptocurrencies (just like someone taking a $20 bill at the cash register wouldn’t want to also reveal how much money he has in his wallet).
Therefore privacy and fungibility are two essential aspects that are intertwined: if nobody knows that the dollar bill in your pocket once belonged to either Pablo Escobar or Brad Pitt, then every unit is equal and can be exchanged for any other. In order to enable this ideal scenario of non-discriminated trades, Charlie Lee has been considering the addition of Confidential Transactions since the fall of 2018."
As the team continues to focus on ways to improve Litecoin, the exploration of CT is an important step. Happily, the community agrees:
Check out this primer from the LiteSchool to learn more about Confidential Transactions.
Lite Reading:
Litecoin Takes to Hollywood with the Mammoth Film Festival
The Litecoin Foundation is excited to be sponsoring the 2nd annual Mammoth Film Festival, taking place at Mammoth Lakes, CA, on February 7th through February 11th 2019. The festival, which debuted in 2017, was deemed “the biggest first year film festival ever organized.
This year, each winning filmmaker will receive Litecoin as part of their prize. The Litecoin Foundation will also have several team members in attendance who will be networking with the many celebrities, filmmakers, and festival attendees. They will be educating them about cryptocurrency and Litecoin, and helping them set up wallets to experience the power of LTC firsthand. Continue reading.
Litecoin focused on ‘Connecting the World’
When Satoshi Nakamoto first wrote the Bitcoin Whitepaper in October 2008, the goal was to create a peer-to-peer electronic cash system that would bypass financial institutions. Over the past decade, this new form of money has led to powerful social movements and technological advancements that have evolved cryptocurrencies like Bitcoin into something more than what was originally proposed.
For some, they are a necessity against the controlling economic conditions that dictates their lives, and a step towards towards a decentralized environment that provides freedom to people . Whilst the industry is currently valued at $114 billion with over 15,000 markets, there are now 2,000+ cryptocurrencies all with their own individual goals. Some will succeed, others will fail. But, we are entering a new global paradigm shift that will change the way that we transfer value across the world. Continue Reading.
Litecoin Community Moves to Adopt New Blue Logo
Following the successful UFC232 event, where the Litecoin Foundation first displayed a new blue alternative to the traditional grey flat/striped Litecoin logo, it appears the new design has resonated amongst the user base and begun being adopted by many within the community.
The new logo is free to use without restriction, keeping in tradition with the free and open source nature of Litecoin. The Foundation actively encourages businesses and users to adopt the new logo for brand consistency but acknowledge it is up to each business which they choose to use. Continue Reading.
The Power of #PayWithLitecoin
Recently, we ran a poll on Twitter that found that 82% of consumers would definitely or potentially switch to a competitor of a company they do business with based solely on the fact that they accepted their preferred cryptocurrencies.
While this isn't a scientific poll, the message for brands is clear: people want to spend their crypto and they will do business with the companies that take a leadership position by allowing their customers to do so.
Now Accepting Sponsors of the Litecoin Foundation Newsletter!
Why should you sponsor?
Get your product or service in front of tens of thousands of passionate cryptocurrency and Litecoin enthusiasts.
Best of all, 100% of the proceeds go directly towards the development and key initiatives to support Litecoin!
Who is this for?
This is the perfect opportunity for crypto and blockchain related businesses and merchants who accept LTC.
Click here to learn more or email
sponsorships@litecoinfoundation.net.
