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Monero [XMR] is a project I’m interested in, says Litecoin [LTC]’s Charlie Lee

Priyamvada Singh

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Monero [XMR] is a project I'm interested in, says Litecoin [LTC]'s Charlie Lee
Source: Pixabay

Charlie Lee, the Founder and the Managing Director of the Litecoin Foundation, mentioned in an interview that Monero [XMR] is one of the projects that interest him. He stated that the coin has two significant features – privacy and fungibility. Furthermore, he believes that the mentioned features are missing from Bitcoin [BTC] and Litecoin [LTC] and also emphasized its importance. In his words:

“Another project that I’m interested in is Monero: I think a bit of privacy and fungibility is something that’s missing from Bitcoin and Litecoin, and it’s very much needed.”

This is not the first time Charlie Lee has shown an inclination towards privacy features in the cryptocurrency ecosystem. In the month of August, he conducted a public poll on which privacy protocol can be integrated into Litecoin. The three options he gave to his Twitter followers were Confidential Transactions, Mimble-Wimble, ZK-Snarks/ZK-Starks.

It was evident that the Litecoin community was interested in seeing the cryptocurrency carry a privacy feature since the poll attracted much attention from everywhere. The highest percentage of votes [45%] was won by Confidential Transactions, followed by ZK-Snarks with 21% of votes. Mimble-Wimble got the least votes of 12% whereas 22% of votes suggested adding no privacy feature onto the network.



Under Monero developments, the community recently put up a fight against the frequently occurring crypto-jacking instances happening to utilize the Monero cryptocurrency. These incidences have been taking place via Monero’s mining software called Coinhive. The team put forth a statement that it will make efforts in reducing cybercrimes related to the ecosystem.

For months, the privacy coin was in the news for being illegally mined. Cybercriminals have been reported to hack systems in bulk and secretly run Coinhive in the background of website portals. The malware activity went so far that not even big web portals, such as the government institutions and university portals were spared.





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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