Blockchain Life 2019 Asia
April 23 2019, Singapore, Singapore
Blockchain Life 2019 Asia
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Confidential Transactions on Litecoin
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About speaker

Xinxi is a founder and CEO of coinut.com, and Litecoin Foundation – a foundation promoting a cryptocurrency built on the premise of quick confirmation times and low transaction fees. Xinxi is also a developer of LitecoinCore and holds a PhD in Computer Science from NUSingapore.

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Topic: Business


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Good morning. 00:05 Everyone my name is in, 00:05 she want I'm a direction. 00:06 The Co founder of the likely foundation today. 00:08 I'm going to talk about confidential transactions, 00:10 and there's some other updates on like Corey. 00:13 I guess many of you have not know much about like going because we didn't do much marketing in the past. 00:17 And because we didn't have much, 00:23 much money to do that. 00:25 So, like we was created in 2011 by by us us GEICO Charlie and. 00:27

Like he's a very isn't going very similar to Bitcoin. 00:35 But with some major differences. 00:39 For example, like quiz block information. 00:41 Time is only 2.5 minutes, 00:44 but bitcoins confirmation time is 10 minutes, 00:45 so if you if you send the transaction using Bitcoin is going to take 10 minutes for your receiver to receive it. 00:48 But the for like coins or it only takes 2.5 minutes, 00:55 so this makes likely much more suitable for daily transactions. 00:59

And be cause the block generation is faster than like damn bitcoins. 01:04 So a generous more blocks and thus providing Bob capacity for holding more transactions and thus the transaction fee is also lower them. 01:08 Frequence transaction so this makes like how you faster and cheaper than bickering and does is a better. 01:17 Cryptocurrency for payments for daily payments. 01:25 So what is like an foundation? 01:31

Becaus Charlie when Charlie creator like why he didn't pre my any like going for himself or the team, 01:33 so he had to buy like ones from the bucket just like you guys. 01:39 And thus there's no money for the team to develop likely so. 01:43 I joined the local implantation join the delight going team in 2016 and. 01:47 I found that so there was no money so II think. 01:53

The main this is it may be necessary to start a legal entity to start to raise for donation and to hire developers and promotes is usage. 01:59

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