Confidential transactions: improving BTC and LTC

Confidential Transactions technology is stated to be important in improvement of Litecoin and Bitcoin transactions
14 November 2017   2014

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 Join Forces with Beam

MimbleWimble technology can be theoretically integrated into Litecoin
08 February 2019   201

Representatives of the Litecoin Foundation together with the developers of Beam  cryptocurrency are exploring the possibility of integrating MimbleWimble technology into Litecoin.

We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular LTC into a Mimblewimble variant of LTC and vice versa. Upon such conversion, it will be possible to transact with Mimblewimble LTC in complete confidentiality.
 

Beam Team

It is noted that further results of cooperation of the company will be reported in their official blogs.

Worth reminding, in January Charlie Lee reported on implementation of confidental transactions in Litecoin.