Litecoin Core v24 Launches with New Features

04/11/2023 16:19 • AI & Tech Insights • 60 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 is one of the world’s leading cryptocurrencies that has been in the game for many years. It has recently announced the launch of Litecoin Core v24, which introduces exciting new features to enhance the user experience. In this article, we will discuss the latest updates and features of Litecoin Core v24.

What is Litecoin?

Litecoin is a decentralized cryptocurrency that was created in 2011 by Charlie Lee. It is a branch of Bitcoin that aims to offer faster transactions and lower fees. Litecoin has a market capitalization of over $10 billion and is widely accepted by merchants worldwide.

Introduction to Litecoin Core v24

Litecoin Core v24 is the latest version of Litecoin’s software that has been released on April 11. To date, the Litecoin network has undergone several upgrades to improve its overall performance, and the team behind the development is always working to keep up with the latest trends in technology.
With the launch of Litecoin Core v24, several changes have been introduced to the network, including hardware support for MWEB, P2P support for light clients, support for “Watch only” wallets, and new payment certificates.

Hardware Support for MWEB

One of the significant updates to Litecoin Core v24 is the addition of hardware support for MimbleWimble Extension Blocks (MWEB). This feature enhances privacy and scalability on the Litecoin network. MWEB is a sidechain that masks the amounts and transaction information, making it difficult for third parties to trace and track transactions. MWEB also uses a unique consensus algorithm called Dandelion, which encrypts transactions to maintain anonymity.

P2P Support for Light Clients

The launch of Litecoin Core v24 also introduces peer-to-peer (P2P) support for light clients. Light clients are wallets that do not need to synchronize with the entire blockchain to operate. With P2P support, light clients can communicate directly with nodes on the network independently, which makes the process of syncing the wallet much faster.

Support for “Watch Only” Wallets

Another notable feature introduced in the latest version of Litecoin is support for “Watch only” wallets. This development enables users to monitor their transaction history securely without exposing their private keys. In other words, users can keep an eye on their Litecoin wallet’s activity without worrying about any security risks.

New Payment Certificates

Finally, Litecoin Core v24 also introduces new payment certificates. Payment certificates are electronic documents that confirm the ownership and authenticity of funds. These certificates can be used in several industries, including finance, investing, and invoicing.

Conclusion

Litecoin Core v24 is an essential upgrade to the Litecoin network, providing enhanced privacy, scalability, and usability. The new features that have been introduced, such as MWEB hardware support, P2P support for light clients, “Watch only” wallets, and payment certificates, are significant additions that will improve the Litecoin network’s overall security.

FAQs

1. What is Litecoin?
Litecoin is a decentralized cryptocurrency created by Charlie Lee in 2011 that offers faster transaction speeds and lower fees than Bitcoin.
2. What is MimbleWimble Extension Blocks (MWEB)?
MimbleWimble Extension Blocks (MWEB) is a sidechain that masks the amounts and transaction information on the Litecoin network, enhancing privacy and scalability.
3. What are “Watch only” wallets?
“Watch only” wallets enable users to monitor their transaction history without exposing their private keys, making the process more secure.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/ai/20738.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.