Charlie Lee, the creator of Litecoin, recently announced the Litecoin development team’s plan for increasing the fungibility and privacy of Litecoin during 2019.
Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy.
I am now focused on making Litecoin more fungible by adding Confidential Transactions. ?
— Charlie Lee [LTC⚡] (@SatoshiLite) January 28, 2019
Lee recognizes that neither Litecoin nor Bitcoin yet fulfill all the properties of sound money. The main deficiency right now is a lack of fungibility, meaning that all coins are not yet interchangeable. The lack of fungibility and lack of privacy are one and the same, you cannot have one without the other. Here’s why.
Right now, due…