Today at 11:30 AM EST, Charlie Lee, the creator of Litecoin and Director of the Litecoin Foundation, along with Hannah Shen will be speaking at the 10th annual MIT Bitcoin Expo. The discussion will revolve around the topics of fungibility and privacy in cryptocurrencies.
Watch the Track A live stream here: https://www.mitbitcoinexpo.org/streaming
Fungibility refers to the ability of a currency to be interchangeable with other units of the same value. In the context of cryptocurrencies, fungibility is an important aspect as it ensures that each unit of a cryptocurrency is interchangeable with another unit, allowing for easy transactions and exchanges.
Privacy, on the other hand, refers to the ability of cryptocurrency users to keep their transactions and personal information private and secure.
During the upcoming discussion, Charlie Lee and Hannah Shen will explore the importance of fungibility and privacy in cryptocurrencies, particularly in the case of Litecoin.
Litecoin was created as a fork of Bitcoin, with the aim of improving upon Bitcoin's scalability issues, slower transaction times, and high fees. The development of Litecoin focused on ensuring that the cryptocurrency was fast, secure, and had low transaction fees.
Charlie Lee is expected to discuss the importance of fungibility in money and how it's currently lacking in Bitcoin and how Litecoin's new MWEB feature helps make Litecoin fungible. Watch this video to understand more about Litecoin MWEB.