Charlie Lee news

Creator of Litecoin. Cryptocurrency Enthusiast. Ex-Director of Engineering at Coinbase. Managing Director of the Litecoin Foundation. Active since 2010.

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Litecoin [LTC] Foundation with Charlie Lee Endorses Dev Working on MimbleWimble

Recently, the Litecoin [LTC] Foundation established a Trust Fund for the development of MimbleWimble with LTC Charlie Lee announces that he will match LTC and BTC donations every month (in total $72,000) David Burkett, the lead programmer, highlights the Achilles heel of the project The Litecoin Foundation set up a Dedicated Trust Fund towards the development of privacy and fungibility in LTC. David Burkett, the developer of Grin++, will be working closely with the Litecoin Foundation to implement MimbleWimble for Extension Blocks. These will be used along with the Litecoin blockchain to provide the complete fungibility of the network. Charlie Lee, the creator of Litecoin, tweeted, I am going to do a donation match towards this donation drive. At the end of every month, for every LTC/BTC donated, I will match the same amount.💥 He also reports that out of the target for $72,000, about 1/10th has already been achieved. Moreover, including Lee’s contribution, the amount is doubled already. Burkett and the foundation will release monthly updates on the progress and release of funds for his work. He plans to work 30 hours/week for a year simultaneously on Grin++ and Litecoin [LTC]. Moreover, any progress on Grin++ will eventually be forked onto Litecoin’s extension blocks. The Achilles Heel Currently, Litecoin is entirely transparent and traceable; this can be used to earmark specific Litecoin [LTC] tokens in particular addresses. Hence, it needs to add privacy and fungibility for it to function as ‘money.’ MimbleWimble was proposed at the start of the year. Until very recently, not much progress was seen on the front. However, Charlie Lee has brought his focus back on the project and is working actively towards it. It uses TOR other cryptographic techniques to ensure the privacy of transactions. However, before the extension blocks are even implemented, it can be traced by the nodes. Burkett notes, The Achilles heel of MimbleWimble privacy though, has always been that transactions are broadcast before they’ve had a chance to be joined with other transactions. That means nodes monitoring the network can see the original input-to-output links of most transactions. Burkett has proposed Coinjoin as one of the potential solutions to it. Nevertheless, it looks like he is looking to improvise while working on it. The discussion and updates from the developers will be provided here. Do you think Litecoin’s plans with MimbleWimble will be a success despite the regulators? Please share your views with us.   The post Litecoin [LTC] Foundation with Charlie Lee Endorses Dev Working on MimbleWimble appeared first on Coingape.
CoinGape

Litecoin community more cohesive, less contentious than Bitcoin's: Charlie Lee

With several banks across the globe now issuing their own digital currencies, the chances of them adopting existing cryptocurrencies are slim. While some banks have been assertive of their dislike of The post Litecoin community more cohesive, less contentious than Bitcoin's: Charlie Lee appeared first on AMBCrypto.
AMBCrypto

Litecoin's Charlie Lee: MW implementation won't affect exchanges much

Litecoin has been deemed by many to be the lighter version of Bitcoin since the network often implements almost everything that the developers of the king coin propose. Appearing in a recent podcast, The post Litecoin's Charlie Lee: MW implementation won't affect exchanges much appeared first on AMBCrypto.
AMBCrypto

Charlie Lee Interview | Litecoin, Privacy, 2020 Expectations

#bitcoin #crypto #cryptocurrencies Check out eToro: http://etoro.com/datadash If you haven't already, visit the link down below to stay up to date on my new startup: https://bankingforthe21stcentury.com What are your thoughts on what we discussed? Did you enjoy the interview with Charlie? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like, subscribing, and ringing the bell icon. Email List: https://forms.gle/ADorNSFkkGbggJHY6 Steem User ID: @nicholasmerten https://d.tube/#!/c/nicholasmerten https://3speak.online/user/nicholasme... https://www.bitchute.com/channel/0ww1... ---------------------------------------------------------------------------------------------------------- Want to support the channel? Here are some ways how: ---------------------------------------------------------------------------------------------------------- 👨‍💻 Want to start trading a wide range of crypto? My top choice is Binance. https://goo.gl/DZVYPn 🙋‍♂️ Want to buy crypto? Get $10 of bitcoin w/ your first purchase over $100 https://goo.gl/woCYL6 💹 Interested in signing up for our newsletter? https://tinyurl.com/dashreport-signup 💰 Want to start spending crypto? Use the code RT3BSJ at https://www.spend.com/wallet/ and earn rewards! 💾 Want to secure your crypto? Check out Ledger: https://tinyurl.com/dd-ledger 🏨 Want to save up to 40% on your hotel booking? Try Travala: https://www.travala.com/ref/53EB41 📈 Want to buy stocks commission-free? Try Robinhood: https://tinyurl.com/dd-robinhood 🤝 Want to trade OTC? Caleb & Brown is my personal favorite to get started. https://tinyurl.com/otc-datadash ⚖️ Looking to buy physical gold or silver? I like Gold Silver LLC: https://tinyurl.com/goldsilver-dd 👨‍💻 Want to browse privately and earn money? Check out the Brave Browser: https://tinyurl.com/dd-brave 📝 Looking to file your crypto taxes? Check out TaxBit: https://tinyurl.com/taxes-dd 💹 Interested in price data? Check out CoinMarketCap: https://coinmarketcap.com/ 👥 Check out all of our partners: https://tinyurl.com/dd-partners Donate NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV ETH: 0xa34d3461ae04953489e9aa464689c022836751d0 Patreon: http://patreon.com/data_dash ---------------------------------------------------------------------------------------------------------- Join our community channels! ---------------------------------------------------------------------------------------------------------- Telegram Alerts | https://t.me/Data_Dash Telegram Discussion | https://t.me/datadash Discord: https://discord.gg/S7MtTcB ---------------------------------------------------------------------------------------------------------- For advertising, consulting, speaking, or other business inquiries ---------------------------------------------------------------------------------------------------------- WARNING: *I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO* Feel free to reach us at contactdatadash@gmail.com Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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Weiss Ratings Downgrades EOS for Centralization

The Weiss Crypto Ratings chart saw EOS slide down the ranks. Weiss downgraded the project, pointing centralization as the chief reason. Weiss Moved EOS Down Straight to C- Weiss Ratings downgraded EOS from B to C-, despite the favorable estimations in the past. The chief reason was the influence of big token holders, which could decide how to sway network resources. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 The EOS blockchain gains its speed from the feature of only having 21 block producers, which transpire transaction information amongst themselves. Thus, spreading the latest state of the distributed ledger is easier, in comparison to Bitcoin’s feat of broadcasting to above 9,300 anonymous nodes. The EOS Constitution also has special cases for blocking accounts – a feature which has been useful during hacks, but also means transactions can be censored centrally. The concentration of resources in only a few hands meant “whales” could decide on allocating activities. This is also one of the reasons why the EIDOS token spread like wildfire, consuming almost all transactions on the EOS network. Network Capable of Faking Activity, Hosts Parasitic Token EOS is a network similar to older ones like BitShares, as well as Steemit. Those networks have shown that the influence of “whales” can be immense, and two nodes could even broadcast millions of free transactions. Other networks like Lisk (LSK) showed that the election process for delegates ended up with voting power getting accrued in the hands of a few top delegates. All of them could vote each other into place, without resorting to regular user vote. EOS trades at $2.75, gradually declining from the mid-year peak above $6.00. The coin has erased most of the gains for 2019 and is on track to fall to lows not seen since the bear market of 2018. According to Blocktivity, the network carries more than 43 million transactions per day. As expected, things will get better from here. A bit fairer cpu pricing. Congestion will gradually die down as it's not dirt cheap to get cpu anymore. Everyone becomes a bit more vigilant. Fairer value for EIDOS and YAS and CPU. It will get better everyday.Now, when Voice? — Enumivo (@enumivo) December 1, 2019 Most of those now belong to minting EIDOS tokens, while other transactions are related to distributed app activity. EOS has also seen accusations that most of its dApps are visited by bots, faking the real usage statistics. What do you think about EOS’s latest crypto ratings (as per Weiss)? Share with us in the comments below.  Images via Shutterstock, Twitter: @WeissCrypto, @enumivo The post Weiss Ratings Downgrades EOS for Centralization appeared first on Bitcoinist.com.
Bitcoinist

Block.one Set to Launch its Social Media Network ‘Voice’ on February 14, 2020

Voice, a social media platform built on the EOS blockchain, is set for release on February 14, 2020. Block.one, the firm behind its design, is optimistic that Voice will compete favorably against the likes of Facebook and Twitter. This innovation will mainly use tokenization to promote activity within the network and leverage its authentication features […]
Bitcoin Exchange Guide

SpaceChain’s New Milestone: First-Ever Demo of Blockchain Tech on the International Space Station

On Monday, December 5, 2019, community-based space and blockchain-focused platform, SpaceChain sent its blockchain hardware wallet technology to the International Space Station (ISS). As per the press release, this endeavor is the first ever ISS demonstration to date and was achieved as part of the CRS-19 commercial resupply service mission. This is definitely a milestone […]
Bitcoin Exchange Guide

Bitcoin Fund Gets SEC Approval | Cardano Ready For A Push | Crypto.com EOS | Enjin | Digibyte |

Do you need Bitcoin BTC as Bitcoin Briefly Breaks Above $7,500 After SEC Approves BTC Fund. Crypto.com Launches Syndicate Platform with EOS Coin Discount on it's newly launched exchange with CRO pairs. Cardano Getting Ready for Big Push in 2020, Says Charles Hoskinson. Jared Tate talks about Digibyte DGB and the Poloniex issue. Delta Exchange Launches Derivatives for Enjin ENJ after Microsoft Partnership. Ross Ulbricht Clemency Petition Gathers 250,000 Signatures. References - https://cointelegraph.com/news/bitcoin-briefly-breaks-above-7-500-after-sec-approves-btc-fund https://www.forbes.com/sites/investor/2019/12/06/bitcoin-why-you-need-it/ https://www.altcoinbuzz.io/crypto-news/partnerships/crypto-com-launches-syndicate-platform-with-eos-coin-discount/ https://www.altcoinbuzz.io/crypto-news/spotlight/cardano-getting-ready-for-big-push/ https://twitter.com/jaredctate/status/1203034572176408577 https://twitter.com/emailshashwat/status/1202974396110884868 https://twitter.com/balanipankaj/status/1202901524701052929 https://coinnounce.com/petition-to-free-ross-ulbricht-has-crossed-250000-signatures/ https://news.bitcoin.com/ross-ulbricht-clemency-petition-gathers-250000-signatures/Altcoin Buzz -------- Free Newsletter: http://eepurl.com/dnIEz1 MCO USD 50 REWARD https://platinum.crypto.com/r/k7tsgv2xc0 Sign up for eToro https://tinyurl.com/yxwa8vbt --------- Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------- NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Only one cryptocurrency is outperforming bitcoin this year — and its exchange has pioneered the practice of destroying coins every quarter

Binance Coin, or BNB, is the only major cryptocurrency outperforming bitcoin this year, but its namesake exchange is facing new concerns around increased competition, police raid rumors, and its "burning" practice. The Binance exchange faced new scrutiny after it said in November it has no "fixed offices in Shanghai or China" following reports of a police raid in the country, Bloomberg first reported. The exchange also destroys, or "burns," a portion of BNB coins in circulation each quarter as part of a plan to slash supply in half. Though Binance buys the coins off investors before destroying them, the practice likely serves as a factor in BNB's surge in 2019 and demand may wane once the burns reach their goal. BNB's popularity as the leading exchange token now faces opposition from new firms looking to corner the initial-exchange-offering market. Watch BNB trade live here. Binance Coin is the only major cryptocurrency outperforming bitcoin this year, but its namesake exchange faces heightened scrutiny for its "burning" practice and police raid rumors. The coin, typically referred to as BNB, allows holders to gain access to trading discounts and other benefits on Binance, the world's largest spot cryptocurrency exchange. BNB is up roughly 156% year-to-date, dwarfing bitcoin's 100% surge. The digital coin's outperformance was first reported by Bloomberg. The coin's run-up is likely boosted by the exchange's quarterly practice of destroying, or "burning," BNB to reduce the number of tokens outstanding. Binance plans to burn half of the total BNB supply — about 100 million coins — before pausing the practice. Though it buys the coins from holders before destroying them, the practice drives BNB demand as users still look to use its benefits. Binance destroyed $36.7 million worth of BNB at the end of the third quarter, or roughly 2 million coins. The exchange determines the amount of BNB to destroy based on its quarterly trading volume, and the latest burn hints the firm posted its most profitable quarter ever in the July-to-September period, Bloomberg reported. The platform also enjoys looser regulatory scrutiny due to its registration in Malta, yet critics are calling for Binance to clarify rumors around a reported raid on offices in China. A spokesperson for the firm told Bloomberg it has no "fixed offices in Shanghai or China," yet the rumored police search raised worries around whether the exchange is misleading investors to avoid China's crypto regulations.  BNB's surge cooled alongside other cryptos through the second half of the year, and a decline in initial exchange offerings on the platform could further hamper its performance. Binance customers used BNB to purchase coins sold by startups on the exchange, but as competitors with similar discount tokens crop up, Binance's popularity has faced new threats. "BNB's large relative outperformance came in the first part of this year, as the IEO craze reached its peak," Travis Kling, who leads hedge fund Ikigai Asset Management, told Bloomberg. "IEOs have cooled off a lot of its relative outperformance." BNB traded at $15.61 per coin at 3:10 p.m. ET. bitcoin traded at $7,456.46 per coin. Now read more markets coverage from Markets Insider and Business Insider: Billionaire hedge fund manager Bill Ackman is poised to exceed 50% returns after a 3-year drought Apple soars to all-time high after top analyst suggests 'completely wireless' iPhone could arrive by 2021 An unsealed court filing gives the first peek at Amazon's legal attack on the Pentagon's $10 billion cloud contract, and Trump is called out by name Join the conversation about this story » NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption
Business Insider
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