No Interest For Working On The Litecoin Protocol: Charlie Lee

Charlie Lee, the founder of Litecoin claims there is no interest for working on the Litecoin protocol as we are reading further today in the coming altcoin news.

According to the leaked conversations between Charlie Lee and other actors involved, show that there is evidence of no significant work being done on the crypto node since the beginning of the year. According to a Reddit post which was submitted just a few days ago, the Litecoin code development arena seems to become a ghost town. The post reveals a series of correspondence between the LTC creator Charlie Lee and some other members of the Litecoin Foundation. The crypto news sites who managed to obtain the HTML download of the leaked chat messages show that Franklyn Richards who is now the director of the Litecoin Foundation talked to Lee to task on the absence of any progress being made in order to improve the entire crypto protocol. A piece of the arguments reads:

 ‘’I was extremely disappointed to discover that no progress had been made on CT since the announcement, especially when I stand on stage telling everyone it’s happening and we are actively working on it.’’

The CT in the conversation stands for Confidential Transactions which is a protocol upgrade that Lee promised to happen about eight months ago but at the time he declared that CT will be available before this year ends. This is one of the reasons why there is no interest in working on the Litecoin improvement. Lee also noted on Twitter saying that though Litecoin GitHub shows no code commits in 2019, there is still some work being done that does not master the branch. The Litecoin creator admitted that he ‘’dropped the ball’’ on the promised Mimblewimble and CT protocols. Lee also noted that the updates have been side-tracked by activities in the adoption arena neglecting core developments such as the issue of fungibility as noted in some of the best cryptocurrency news sites.

While responding to criticism from Richards, Charlie Lee gave a startling admission about the pedigree of his cryptocurrency saying:

 ‘’The honest truth is that no one is interested in working on Litecoin protocol development work. At least no one technically competent. You can’t just throw money at this problem. This is true for Litecoin since the beginning. It has only been me, Warren, and Thrasher.’’