1. PixelPlaygroundHome
  2. Blockchain Briefs

Litecoin Core v24: What You Need To Know

• Blockchain Briefs • 118 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

Litecoin Core v24: What You Need To Know

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

As of April 11th, Litecoin users can now enjoy the latest version of Litecoin Core v24. Under the leadership of core developer David Burkett, this release is set to provide users with new features and upgrades that are sure to improve the overall user experience. In this article, we will take a closer look at what v24 brings to the table.

What Is Litecoin Core v24?

Litecoin Core v24 is the newest iteration of the Litecoin blockchain. It is a type of software that allows users to interact with the Litecoin network, store digital assets, and make transactions. Upgrades to Litecoin’s software are crucial as they help address issues and improve the efficiency of the network. In this latest release, there are some notable changes that users should be aware of.

Hardware Support for MWEB

The first major upgrade in Litecoin Core v24 is the hardware support for MimbleWimble Extension Blocks or MWEB. MWEB is a privacy protocol designed to improve the security and anonymity of Litecoin transactions. This new feature is expected to enhance the privacy of all Litecoin transactions, making them almost entirely untraceable.

P2P Support for Light Clients

Another significant release is the Peer-to-Peer (P2P) support for light clients. A light client is a type of software that allows users to interact with a blockchain without having to download the entire blockchain. Instead, light clients only download the necessary data to validate transactions. With P2P support, users will be able to access the necessary data much faster, improving the overall user experience with Litecoin.

“Watch Only” Wallets

Litecoin Core v24 also introduces “Watch only” wallets. Watch only wallets can recognize and identify sent or received transactions without accessing private expenditure keys. This is an essential security feature as it separates the private key from the wallet, minimizing the risk of losing one’s funds in a hack or breach.

New Payment Certificates

Finally, Litecoin Core v24 introduces new payment certificates. Payment certificates allow users to create ERC-721 compliant, non-fungible tokens on the Litecoin network. These certificates can be used to represent a wide variety of assets, including securities, digital art, and collectibles.

Conclusion

Litecoin Core v24 is a significant update to the Litecoin network, and its release under the leadership of David Burkett is great news for Litecoin users worldwide. The new features and upgrades featured in this version are a testament to Litecoin’s commitment to innovating its technology and improving its services. These changes are sure to enhance the user experience of Litecoin and strengthen its position as a reliable and secure cryptocurrency.

FAQs

Q1. How do I upgrade to Litecoin Core v24?
A: You can upgrade to Litecoin Core v24 by downloading the latest version from the official Litecoin website.
Q2. What are some benefits of MWEB?
A: MWEB provides enhanced privacy and security for Litecoin transactions, making them virtually untraceable.
Q3. What are Watch only wallets?
A: Watch only wallets allow users to recognize and identify sent or received transactions without accessing private expenditure keys, providing enhanced security to Litecoin users.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/15625/

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.

Like (0)
Previous 04/11/2023 15:59
Next 04/11/2023 16:44

Recommended articles