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Charlie Lee, the creator of Litecoin (LTC), said he would focus on making the major cryptocurrency more fungible in tweet January 28
Lee said in the tweet that "fungibility is the only property of good money that is missing at Bitcoin & Litecoin", adding that "the next battleground will be about fungibility and confidentiality."
The conclusion of the tweet is that the developer wants to focus on the implementation of private transactions in Litecoin, stating:
"I now want to make Litecoin more fungible by adding confidential transactions."
In response to another tweet in the same thread, Lee has explained confidential transactions could be added to Litecoin through a flexible range. A flexible range is a change in the source code of a cryptocurrency that does not result in division of the block chain, as happens with a hard range.
Lee too it is noted in the same thread that the update would be implemented "in the course of 2019."
Fungibility is the property of money, which implies that each unit of a given badet has exactly the same value as any other badet of the same type and unit. As Cointelegraph pointed out earlier, the fungibility of bitcoins (BTC) has already been questioned when particular bitcoins are "contaminated" by their involvement in criminal activity, which can reduce their value.
So-called confidentiality documents, such as Monero (XMR), Zcash (ZEC) and Dash (DASH) have been purposely created to improve perceived problems with Bitcoin and other altcoins, such as lack of anonymity and fungibility .
Litecoin is currently the 7th largest market capitalization cryptocurrency, growing at about 2% on a day.
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