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Author Topic: Litecoin Confirms MimbleWimble Test Network  (Read 45 times)
claire_lovely (OP)
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October 10, 2020, 02:45:42 AM
 #1

I thought that this was pretty cool, I've wanted other coins to adopt more privacy features like Monero but I thought it would occur on a much longer scale:
https://blockchain.news/news/litecoin-confirms-mimblewimble-test-network-set-later-year-ltc-price-predictions-high

There's also some potential of Charlie Lee collaborating with Charles Hoskinson.
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Last month, IOHK CEO and Cardano founder Charles Hoskinson announced that Cardano has allocated a cross-chain communication team to build a network enabling interoperability between blockchains.

Cross-chain communication could enable users to use Hydra to send value to and from other major networks including Bitcoin and Litecoin.

Earlier in July, Charles Hoskinson said he would “love the idea” of testing cross-chain communication between Cardano and Litecoin, and Charlie Lee, the creator of Litecoin responded with, “Sure!”

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Lordhermes
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October 10, 2020, 08:02:52 AM
 #2

I thought that this was pretty cool, I've wanted other coins to adopt more privacy features like Monero but I thought it would occur on a much longer scale:
https://blockchain.news/news/litecoin-confirms-mimblewimble-test-network-set-later-year-ltc-price-predictions-high
There's also some potential of Charlie Lee collaborating with Charles Hoskinson.
Unfortunately, the Litecoin ecosystem hadn't bee going pretty well for the last 9 months in their market value, ever since Litecoin hit about $104 per coin, it had been stagnant at the price of $30-48, I strongly believe this collaboration will create and pave a way for Litecoin to regain her market value, if actually the team will execute their plan to come live. Cardano ojbthe other hand is a successful coin that is already stable with high market volume and hodlers.
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October 10, 2020, 11:59:04 AM
 #3

Cross-chain interoperability and increased privacy. I have seen anonymous coins go down many times in front of government regulations.
What is the cross-chain interoperability for and who will use Litecoin in addition to transferring money? I am not sure that Litecoin's value will increase over the long term as they implement the new updates.
Now they are just testing and do not have official information about the launch date and new directions of the project.

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October 10, 2020, 02:33:13 PM
 #4

very good for litecoin

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October 10, 2020, 03:35:04 PM
 #5

that looks a very interesting event. That means charly has already put the funds again to continue the development progress or something else happening with litecoin. It looks like cardano was giving an alternative way for litecoin to solve its problem since litecoin has no power to do it with its own power.
Glad to see this coin will alive again. I hope the experiment that will be doing by Charles will be successful. Cross-chain platform will become a real thing.

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