Litecoin (LTC) Releases v0.18.1 Upgrade With Mining, Wallet and Documentation Advancements

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Thu, 06/11/2020 - 10:41
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Vladislav Sopov
Litecoin (LTC) network software progress is not only focused on MimbleWimble preparations. Version 0.18.1 has been delievered and developers are hinting at new builds
Litecoin (LTC) Releases v0.18.1 Upgrade With Mining, Wallet and Documentation Advancements
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Litecoin (LTC) network developers have published a new version of its core software, v.0.18.1. Its release candidate was announced on May 08, 2020, and underwent thorough testing.

Numerous updates

Today, on June 11th, 2020, Charlie Lee, the founder of Litecoin (LTC), celebrated the new release and mocked all non-believers who accused Litecoin (LTC) of showing very little development progress.

Litecoin (LTC) Core v.0.18.1 is up and running
Image via Twitter

The new upgrade covers every aspect of software performance required for Litecoin (LTC) network operations. The SegWit rule implementation is rescheduled in terms of mining. 

White List Force Relay is an unusual feature: now users can relay transactions from whitelisted peers, even when not accepted to the mempool. Litecoin (LTC) developers highlight they will be particularly interested in feedback on this function.

Documentation of Litecoin (LTC) software has been enriched with many major additions. BIP70 is finally disabled for some builders to prevent Litecoin (LTC) network interaction from vulnerabilities.

Keeping pace with Bitcoin (BTC)

Some other novelties closely resemble the upgrades for new versions of Bitcoin Core, i.e. BIP61 messages are now deprecated and will be deleted in future builds.

Also, numerous RPC commands have been upgraded to facilitate network performance and advance transaction logic.

Lastly, the instrument for the seamless creation of new wallet files has been implemented. This allows the creation of a new wallet file or the display of some basic information about an existing wallet without needing to use RPCs.

As covered by U.Today Crypto News, the most exciting release for Litecoin (LTC), i.e. the implementation of the MimbleWimble privacy protocol, may start testing in September, according to its lead developer.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Monero-Bitcoin Atomic Swaps Live in Testnet, MVP on Menu

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Thu, 01/14/2021 - 17:39
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Vladislav Sopov
Atomic swaps are peer-to-peer interactions between two blockchains. With new release by COMIT enthusiasts, BTC/XMR swap is right around the corner
Monero-Bitcoin Atomic Swaps Live in Testnet, MVP on Menu
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COMIT Project tasked with building cross-chain interaction infrastructure, has shared an update of its Bitcoin/Monero experiments. While testnet XMR/BTC swaps are up and running, while minimal viable product (MVP) is coming soon.

Developers polish XMR/BTC swaps

According to the announcement shared by COMIT team in its official subreddit, during last weeks several atomic swaps occurred between Bitcoin (BTC) testnet3 and Monero (XMR) stagenet sandbox environments.

XMR/BTC swaps are live in testnet
Image via Twitter

Meanwhile, the setup of the instrument remains cumbersome, in particular - on Bitcoin (BTC) side: it takes full Bitcoin testnet node and depends on internal wallet used for testing. 

MVP, which is going to be shipped in the next phase of experiments, will initially act as a single-sided tool. Users will be allowed to buy XMR from a fixed market maker that broadcasts XMR/BTC price on a website.

First version of tool will be released in form of a command line interface (CLI).

What does that mean for Bitcoin and for Monero?

The team is sure that single-sided version of a new tool (one direction/one fixed maker) is a good one to start with, in terms of further development. 

Next releases will include decentralized market-making (maker discovery and orderbook) and evolve into peer-to-peer marketplace.

At the same time, another team is working on different solution for BTC/XMR atomic swaps. It is funded by a large-scale Community Crowdfunding System (CCS), Monero community-driven initiative.

Releasing atomic swaps with Monero (XMR) may result in increasing the privacy of Bitcoin (BTC) holders: they will be able to obfuscate transactions with no need to interact with centralized services.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)