Fungibility is the ability to be mutually interchangeable and scalability is meant to enable support and growth despite the increased volume of users.
Charlie Lee in the past stated, fungibility is the only property of sound money that is missing from Bitcoin and Litecoin. He also stated that fungibility and privacy is the battleground set forth before them, thereby stated that they are focused more on making Litecoin more fungible by adding Confidential Transactions.
However, there are many who argue that Bitcoin is fungible. They have to state that just because it can be tracked and/or censored it cannot be labelled as “not fungible.”
A lot of development have happened with the Litecoin (LTC) development team spending hours discussing to develop confidential transactions. They are well aware that they still have a lot of work ahead of them. They are working to ensure that the tech is solid and that they come up with a plan to test everything and safely improve on the Litecoin network.
Some of them feel that making a coin private is a bad move strategically regardless how one feels about their privacy. The fact remains that the government has a hard time accepting crypto; however, making it untraceable can make the governments simply hate it even more. Despite, privacy advocates feel that they cannot do a damn thing about it.
Cryptocurrency advocates also feel that coming up with cryptocurrency updates based on how a government will accept it is inherently wrong. The reality is that separation of money and state is never going to happen and if that happens the state will never exist.
Adoption of cryptocurrency, according to many while making it private is going to become exponentially harder.
The reality is that preaching the government(s) can’t do anything about private cryptocurrencies cannot be true, if the government decides they will control the internet and the traffic that moves around. Challenge for the cryptocurrencies continue to be in place.
In this regard, Sydney Ifergan, the crypto expert tweeted: “Litecoin (LTC) are doing their part in the cryptocurrency space with LitecoinCard, Crypto ATMs, Atomic Swaps and more.“
Litecoin (LTC) on Satellite NFC Bluetooth
The argument about cryptocurrency creating world citizenship breaking political borders is doing the rounds. Some of them have to state that cryptocurrency transaction need not just happen over the internet, they have to state that the transaction can be offline using satellite, NFC, Bluetooth, paper key and radio waves.
However, cryptocurrency users and creators are not bothered about criticisms or favors, they are continuing to do what they are doing, while propagating a new economy.