14 Nov '17, 5pm

Bitcoin and Litecoin moving in on Monero Confidential Transactions (CT)

Bitcoin and Litecoin moving in on Monero Confidential Transactions (CT)

Confidential Transactions (CT) It is no secret that the success of Monero since January 1, 2017 is directly linked to the overall cryptomarket bull run but also in its unique quality of confidential transactions. Today Charlie Lee, creator of Litecoin, announced via Twitter that both Bitcoin and Litecoin are working to achieve CT and will be able to implement via a “soft” fork. Confidential Transactions (CT) are important for several reasons and most of them are perhaps illegal. For the tin foil community CT means the government cannot track movements of currency or payments made between parties. This facilitates shielding from the ever present big brother but also allows transfer of currency across borders of nations without scrutiny. The benefit of this should be obvious. Currently national currencies are tied in value to the backing of the printing nation with the US Do...

Full article: http://oracletimes.com/bitcoin-and-litecoin-moving-in-on-...

Tweets

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