The creators of the cryptocurrency Beam in his blog said that they have contacted representatives of the Litecoin Foundation interested in integrating technology Mimblewimble in Litecoin.
Litecoin and Beam Foundation Cooperation Announcement https://t.co/H6SwsiruwV #SovereigntyByDesign #Mimblewimble #Litecoin @SatoshiLite pic.twitter.com/oMfYeOl6TY
— @Beamprivacy (@beamprivacy) February 7, 2019
“One of the main tasks of the Beam is the promotion of privacy in crypto-currency space by means of the Protocol Mimblewimble, writes Beam. – We are glad to give Litecoin Foundation your assistance and knowledge.”
The developers of both cryptocurrencies had already begun to explore the possibilities of ensuring the privacy of transactions and uniformity of the coins in the Litecoin blockchain by conversion of conventional LTC in their Mimblewimble-variation and Vice versa.
“After the conversion of users will be able to make a completely confidential transaction Mimblewimble-LTC”.
Representatives of both teams decided to share the results of their work with the public and has promised to publish updated information as it becomes available.
Of its intention to implement support for sensitive transactions in Litecoin cryptocurrency Creator Charlie Lee said last week.
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