Does this mean that it is possible to hide the traces of transactions on the blockchain network?
It does but why so complicated? To be honest this privacy will not so useful. The majority of people know that if crypto is pseudo. that's more than enough for them to encrypt their privacy. This announcement didn't give any impact to the price of litecoin as well.
Litecoin looks to make a contribution to privacy, hard-to-trace coins have recently been phased out from the majority of markets. Will Litecoin be treated the same way from exchanges?!!!
The era for the privacy coin alreaded. why do they need to go to the litecoin if there was monero as the best privacy coin? Why?
What do you think about this update?
At least a small development result from the litecoin developers. I remember when they didn't have fund to develop this.