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27 October 2020

First Mover: Privacy Is Litecoin's Ace in the Hole as JPMorgan Touts Bitcoin - CoinDesk

First Mover: Privacy Is Litecoin's Ace in the Hole as JPMorgan Touts Bitcoin - CoinDesk


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Litecoin founder Charlie Lee told CoinDesk in an interview the project is now looking to adopt key privacy-enhancing features, which he sees as increasingly attractive to cryptocurrency users.

The enhancements are already being tested, and an upgrade to the main network is scheduled for next year.   If the effort succeeds, it might inject a jolt of enthusiasm into a project that has suffered from a lack of momentum in digital-asset markets.

“I want to make it so that users don’t have to worry about giving up their financial privacy by using litecoin,” Lee said.

A break above that level would signal a continuation of the recent rally and open the doors for resistances above $12,000.

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