- Litecoin Core released a new minor version v0.21.2.2 in February with important security fixes.
- A new major release for Litecoin Core, v24, is in the works.
Litecoin, one of the top cryptocurrencies, has released a new version of its Litecoin Core software. The v0.21.2.2 release in February included essential security fixes, and users are encouraged to download and upgrade their software to the latest version.
Litecoin’s creator, Charlie Lee, has also been working on a new major release, v24, which will bring many new features to the platform. These features include Partially Signed Bitcoin Transactions (PSBTs) to encourage hardware support for Litecoin’s MimbleWimble Extension Block (MWEB), P2P support for light clients, view keys for watch-only wallets, payment proofs, and descriptor wallets.
The introduction of PSBTs will allow hardware wallet support for MWEB, which is a privacy-enhancing feature that enables confidential transactions. This addition should help increase the adoption of MWEB and make it easier for users to take advantage of this privacy feature.
The addition of P2P support for light clients will allow for more mobile and user-friendly wallets that are easier to use and more accessible. This feature will make Litecoin more appealing to a wider audience and help boost adoption.
View keys for watch-only wallets will enable users to view their transactions without needing access to private spend keys. This feature is useful for users who want to monitor their transactions without needing to have full access to their wallet.
Payment proofs will make it easier for users to prove that they have made a payment by providing a more complex proof. With MWEB, addresses and amounts are encrypted, so this feature will be particularly useful when proving to an arbiter that a payment has been made.
Descriptor wallets will provide a more extensible replacement for the existing wallet backend. This feature will allow developers to add new wallet features in a more organized and sustainable way. With v24, Litecoin Core will enable descriptor wallets and extend them to handle MWEB addresses, making it easier to manage MWEB transactions.
Charlie Lee has been working on integrating all these new features into the Litecoin Core software. The process will take several months, but the end result will be a new release that is up-to-date with Bitcoin Core and includes all the new MWEB features.
In summary, Litecoin continues to work on improving its platform and adding new features to enhance user privacy and accessibility. The latest release includes essential security fixes, and the upcoming v24 release will bring several new features that will make Litecoin more appealing to a wider audience. With these new features, Litecoin is positioning itself as a top cryptocurrency in a highly competitive market.
