This week will be hard fork Litecoin Private

April 21, 2018 in the Litecoin network (LTC) will be hard fork and a new currency Litecoin Private (LTCP) . This development team reported on Twitter and on the official website of the network.

Litecoin Private
@liteprivate
On Sunday we will release our desktop walls source code so exchanges and mining pools can prepare for our fork. The executables will be released directly when the fork happens on April 21st.

14: 30 - 3 APR. Two thousand eighteen
Sixty four
37 people (a) talk about it
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The new project has several goals. The first is to increase the speed of transactions. The creators of the new coin expect that the operations will take up to five seconds. On average, it is two hundred times faster than bitcoin and several dozen times faster than litecoin. This will happen, among other things, due to the fact that the size of the system unit will be significantly increased.

And the second goal-to increase the level of anonymity of the coin. An important element of the Litecoin Private hard fork will be an increased level of transaction confidentiality, through the use of zkSNARKs technology. Such a method of implementation of private transactions used in Monero, ZClassic and other tokens of categories of Private

The third goal is to create an infrastructure that will allow you to create anonymous and secure smart contracts.

According to the developers, LTCP will be the first blockchain system that allows you to enter into smart contracts with full confidentiality of payment transactions. In addition, the DAO technology Management Engine (DAOME) will create a decentralized Autonomous system on the blockchain LTCP.