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Following a growing trend of Ordinal inscriptions on the Bitcoin blockchain, the technology has been ported to the Litecoin network, and the number of onchain Litecoin inscriptions has surpassed 13,000. Software developer Anthony Guerrera made Ordinal inscriptions on the Litecoin network possible by receiving 22 Litecoin to port the technology to the proof-of-work (PoW) blockchain. … Read more
Litecoin’s MWEB upgrade that makes transactions confidential comes at a time when the majority of the crypto exchanges are implementing strict KYC and AML guidelines. Go to Source Powered by WPeMatico
Crypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well. Go to Source Powered by WPeMatico
On Tuesday, journalist Laura Shin published a story that claims to identify the 2016 Genesis DAO hacker who siphoned 3.6 million ethereum from the decentralized autonomous organization. While the story surprised the crypto community, one of the biggest eye-openers was the blockchain analysis methods leveraged, and the claim that Chainalysis allegedly “de-mixed” Wasabi transactions. Community … Read more
Privacy opt-ins are coming to Litecoin even as regulators continue to scrutinize anonymity-boosting protocols. Go to Source Powered by WPeMatico
Mimblewimble is a spell that literally ties the target’s tongue to keep them from exposing information on a given subject. It is well-known among Harry Potter enthusiasts. Go to Source Powered by WPeMatico
Advances in cryptography have not met with user enthusiasm, suggesting a disconnect between the cryptocurrency community and its cypherpunk ancestors. According to Coin Metrics, transactions of privacy-focused cryptocurrencies zcash (ZEC), monero (XMR), and grin only add up to 6% of bitcoin’s transactions. Zcash’s privacy feature is significantly underutilized, with less than 2% of transactions fully … Read more
Former core Grin developer Gary Yu mined $118 worth of GRIN cryptocurrency in less than 24 hours with a Grin ASIC mining device. Go to Source Powered by WPeMatico
On July 17, the well known Dark Wallet creator and early Bitcoin developer, Amir Taaki, criticized bitcoin privacy methods on Twitter. Taaki claimed that UTXO mixing concepts like Coinjoin were “absolute garbage.” Taaki also knocked other concepts like Mimblewimble and privacy-centric coins like monero as well, claiming that zero-knowledge accumulators will be the “anonymous gold … Read more
Litecoin and Grin++ developer, David Burkett, has posted an April progress update on Litecoin’s Mimblewimble integration, claiming that a testing framework has been built and codebase integration has started. Go to Source Powered by WPeMatico
