Litecoin Core v24 Has Been Launched: Here’s What You Need To Know

04/11/2023 16:19 • AI & Tech Insights • 68 views

On April 11, it was announced on Litecoin official tweet that Litecoin Core v24 has been launched under the leadership of its core developer David Burkett. The new version will add hardware support for MWEB, P2P support for light clients, support for “Watch only” wallets that can identify sent or received transactions without accessing private expenditure keys, and new payment certificates.

Litecoin has launched Litecoin Core v24 development

Litecoin Core, the official wallet of Litecoin, has launched version 24 under the leadership of its core developer David Burkett. The new version comes with several upgrades aimed at improving security, accessibility and overall usability. Here’s a breakdown of what you need to know.

Upgrades to Look Out for

Hardware Support for MWEB

Litecoin Core v24 brings hardware support for MWEB (MimbleWimble Extension Block). This is a privacy protocol that will enable users to privately and confidentially send and receive litecoin transactions without the risk of exposure. With the hardware support, users will be able to access MWEB functionality more easily and secure their transactions.

P2P Support for Light Clients

P2P (Peer-to-Peer) support for light clients is another significant upgrade of Litecoin Core v24. This upgrade will allow wallet clients to verify their litecoin transactions without downloading and verifying the entire blockchain. Instead, it verifies transactions directly from other nodes, making it faster and more accessible.

Support for “Watch Only” Wallets

Litecoin Core v24 also adds support for “Watch Only” wallets. These are wallets that can identify sent or received transactions without accessing private expenditure keys. This means that users can track their litecoin transactions without compromising their security.

New Payment Certificates

Finally, Litecoin Core v24 introduces new payment certificates that will simplify the payment process. These certificates will include metadata such as payment details, recipient identifiers and transaction amounts, making it easier for users to make payments.

Conclusion

Litecoin Core v24 is a significant upgrade that improves the security, accessibility and overall usability of the litecoin network. The hardware support for MWEB and P2P support for light clients are particularly noteworthy as they simplify transaction processing and ensure the privacy of users. With the introduction of “Watch Only” wallets and payment certificates, the user-friendly aspect of the litecoin network is now even more prominent.

FAQs

Q1. How do I upgrade to Litecoin Core v24?
A1. To upgrade to Litecoin Core v24, download the new version from the Litecoin website and install it. You may need to back up your wallet data before upgrading.
Q2. Can I still use older versions of Litecoin Core?
A2. Yes, older versions of Litecoin Core will still work, but it’s recommended to upgrade to v24 for better security and usability.
Q3. When will the hardware support for MWEB be available?
A3. The hardware support for MWEB is available now with the release of Litecoin Core v24.

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