Litecoin Charlie Lee & David Chaum’s Speech On Digital Privacy- Money 2020 Conference

in litecoin •  8 months ago 

Privacy Security And Distributedness

Charlie Lee spoke in the conference saying about his inspiration by Bitcoin in 2011 and launching Litecoin. Moreover, touches on this blockchain/crypto revolution going on in the present world. He also explains how cryptocurrencies are the best form of currency that ever came by mankind.

Lee explains how fungibility is a key reason why we need privacy in today’s crypto world. To understand fungibility Lee compares the fiat currency which has no traceability. While bitcoin can now trace back to the wallet it came from. Hence, he says Bitcoin is missing a key aspect of privacy.

He then goes on to explain how privacy is being implemented by altcoins in recent days by pointing out 3 coins:

Monero (XMR)
Zcash (ZEC)
Tezos (XZT)

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