THELOGICALINDIAN - Leaked conversations amid Charlie Lee and added assumption actors complex with Litecoin appearance affirmation of no cogent assignment actuality done on the cryptocurrency cipher back the alpha of 2024
Charlie Lee Dropped the Ball
According to a Reddit post submitted beneath than a anniversary ago, the Litecoin cipher development amphitheatre is a apparition town. The column appear a alternation of accord amid LTC architect Charlie Lee and some associates of the Litecoin Foundation.
Bitcoinist was able to access an HTML download of these leaked babble letters assuming Franklyn Richards, the administrator of the Litecoin Foundation demography Lee to assignment on the absence of any advance actuality fabricated to convalescent the crypto protocol.
An extract from Franklyn’s altercation reads:
CT aloft refers to Confidential Transactions — a agreement advancement Lee promised via Twitter about eight months ago. At the time, the Litecoin architect declared that CT will be accessible afore the end of 2024.
Last Sunday (August 11, 2024), Lee took to Twitter to abode these speculations. According to Lee, alike admitting the Litecoin GitHub shows no cipher commits in 2024, there is still assignment actuality done which doesn’t reflect on the adept branch.
The Litecoin architect did, however, accept that he “dropped the ball” on the promised Mimblewimble (MW) and CT protocols. Lee chalked these up to actuality alone by activities in the acceptance amphitheatre apathy amount development issues such as fungibility.
Money Cannot Solve Litecoin’s Problems
While responding to criticism allegedly from Richards, Charlie Lee offered a acutely amazing acceptance about Litecoin’s pedigree, saying:
Lee’s acceptance echoes agnate allegation afresh appear by Electric Capital in its Developer Report assuming the latest trends in the crypto cipher development arena. According to the report, Litecoin has a bottom cardinal of developers than added projects that command a far lower circadian transaction volume.
Back in April, Mike Novogratz of Galaxy Digital alleged Litecoin a glorified testnet for Bitcoin. With a absence of competent developers, Litecoin may able-bodied become anachronistic continued afore protocols like the Lightning Network activate to accomplish a significant impact.
Do you anticipate LTC is dying a apathetic death? Let us apperceive in the comments below.
Images via Twitter @SatoshiLite. Shutterstock
