Confidential transactions: improving BTC and LTC

Confidential Transactions technology is stated to be important in improvement of Litecoin and Bitcoin transactions
14 November 2017   2548

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. 

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   135

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.