After that, it's been revealed that the Litecoin Foundation director Franklyn Richards says that the plans to add confidential transactions to LTC are more about fungibility and rather than privacy.
He stated the following back then: “the main appeal of MW and the reason the Litecoin Core team are looking to implement support for it, has primarily been its ability to provide network fungibility, future scalability, and ‘greater’ (not complete) privacy.”
Progress is going great
The lead developer is working to bring privacy and fungibility features to Litecoin says early progress is going great.
In a new blog post and Twitter thread, David Burkett said that the very first step was getting familiar with LTC’s codebase, which is a fork of Bitcoin.
“After that, I got to work re-designing the Grin++ codebase in a way that will allow LTC to reuse Grin++ with minimal modifications…” he said.
He continued and explained that “It’s no secret that their dev process has long been to just merge the latest Bitcoin changes. Part of the challenge with the EB will be designing it in a way that this practice can continue, in case I get hit by a bus.”
I'll be posting monthly status updates detailing progress on the LTC MW EB (YAY acronyms). This is geared toward those interested in LTC development, but will also talk a lot about Grin++ changes, so it may be interesting to Grinners as well. https://t.co/hTpUbWSPI6