Confidential transactions: improving BTC and LTC

Confidential Transactions technology is stated to be important in improvement of Litecoin and Bitcoin transactions
14 November 2017   1033

In the email from November 14, Bitcoin developer Greg Maxwell described updates to the technology of confidential transactions, which would make the information about transactions more private and let the amounts be seen only to sender, receiver and the parties they choose to share information with through sharing watching keys or through revealing single transactions.

Charlie Lee, Litecoin creator, in a response to the abovementioned statement claimed that he is looking forward to adding such improvements to Litecoin in future as to address the lack of fungibility which he believes to be the only feature that Bitcoin and Litecoin are missing. He states the improvements may happen in a form of a soft fork.

The main advantages of confidential transactions are the absense of any substantial new cryptographic assumptions, a high performance compared to alternatives, there is no trusted setup, and they don't involve the creation of any forever-growing unprunable accumulators.

Reddit.com users comments towards confidential transactions
Reddit.com users comments towards Confidential Transactions

The members of Bitcoin and Litecoin communities are looking forward to improvements to transactions which will ease the practical usage issues which are of current interest for many. 

Bitcoin Political Contributions thought in Wisconsin

Wisconsin`s officials have discussed the adoption of guidelines to cryptocurrency contributions in political campaigns, as queried by the Libertarians
25 April 2018   186

Other states, like California, have requested politicians not to admit bitcoin donations. Kansas is the only state banning such contributions. The Federal Election Commission lets crypto donations to campaigns for federal office.

On Tuesday the Wisconsin Ethics Commission arranged  a public hearing on a require from the state’s Libertarian Party relatively to the acception of guidelines for crypto contributions to political campaigns. Phil Anderson, the party’s chairman, aims to know how such donations would be calculated relatively to the limits established by the state in dollars.

Digital currencies, such as bitcoin, litecoin and ethereum, are more and more widely accepted as currency and as stores of value. The Chicago Board Options Exchange offers a futures market for bitcoin. Corporations and governments are weighing in on not ‘whether’ to address cryptocurrencies, but ‘how’. 
Phil Anderson, Chairman, The Libertarian Party

Staff counsel for the commission David Buerger convinced he is not yet aware of any establishments in Wisconsin in which cryptocurrency contributions to state campaigns were given or accepted. Bitcoin is strongly supported by Libertarians. The idea of a decentralized cryptocurrency, not regulated by a central official or bank, is alongside their political views and opposition to government control over the national currency.

During Tuesday’s meeting, commissioners offered that if cryptocurrencies were estimated as a monetary contribution, crypto donations would be issued with the $100 limit towards to cash contributions. Larger donations have to be made by a credit card either a bank check.