Litecoin Foundation and Americanfortress launch wallets focused on privacy

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The Litecoin Foundation and Americanfortress have partnered to launch a new wallet focused on privacy.

summary

Litecoin Foundation and Americanfortress have unveiled new privacy-focused wallets
New wallet allows users to hide balances and transactions
The wallet uses MWEB technology, privacy alias, and ordinals

Privacy remains an important concern for crypto holders. On Monday, September 8th, Litecoin Foundation and Americanfortress announced the upcoming beta release of their new Litecoin-Native (LIT) wallets focused on Privac. The Americanfortress Litecoin wallet allows users to stake and take advantage of Layer 2 solutions while setting privacy as the default setting.

David Schwartz, project director for the Litecoin Foundation, said the launch was a “milestone of privacy infrastructure not just for Litecoin, but for the entire crypto ecosystem.” He added that MWEB, FortressNames™ and Advanced C-Filtering “provides a user experience that feels like the most intuitive traditional finance app, but does not sacrifice privacy on any layer.”

The wallet, scheduled to be released in September, will integrate Litecoin’s Layer-2 Mimblewimble extension block to make transactions private. At the same time, the wallet uses a C filter that prevents Wallet from deanonionizing from IP when it connects to a public server.

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New Litecoin wallet built for privacy

Mehow Pospieszalski, CEO of Americanfortress, said privacy is not just an add-on, but a core principle of the new wallet. He also emphasized that the company wants to create wallets that are accessible and easy to use for new people in the ecosystem.

“This wallet is portable in design and has future grounds, and in the future it’s only Litecoin,” says Mehow Pospieszalski, Americanfortress. “It’s optimized for everything the ecosystem is building (from layer 2 seconds to ordinal), providing bulletproof privacy without compromising speed, usability or interoperability.”

The Litecoin network is not definable by design, and the locked Defi Total Value is a modest $2.66 million. However, Proof-of-Work networks are popular among users and traders who value decentralization and privacy.

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