How to generate a new optionally private MWEB address from your existing Litecoin node:
1) Open Litecoin Core interface
2) Go to 'Receive' tab
3) Click on 'Generate MWEB address' box
4) Click 'Create new receiving address'
If node is sync'd you can now begin receiving litecoin:native from ANY Litecoin address.
Don't currently run a litecoin node? Go to https://t.co/5pzbuo7blS to easily download it and help secure the network!
Every block created for Litecoin has an extension block attached to it.
That extension block enables for specific public addresses that start with "ltcmweb1..." to hide their totals within those addresses, and hide the transaction amounts between those special types of addresses.
It is completely optional, and a person can send and receive from normal Litecoin addresses seamlessly. It helps Litecoins to become more fungible, which is how money absolutely should be.
It is literally the best of both worlds. These two worlds exist on wallets like @nexuswallet@cakewallet@stack_wallet and Litecoin Core when running a node.
If you want to see mweb addresses available on your favorite wallets, write to them. The best way to get things added is to demand it or go to something else that does. You have more influence than you realize.
Take full control of your money.
It's time for common sense to prevail.
The financial system is broken.
The incentives for storing and transferring wealth are misaligned in relation to the importance of every individual, regardless of social class or standing.
Value should stem first from the value of humankind itself, then be represented through energy and math, two of the main tenets of society's ability to thrive and adapt as a society. This should neither be distributed or controlled by any one entity or group, but rather as a fair and transparent ledger available to every man, woman, and child.
Fully decentralized, fairly launched, energy derived value from the people, by the people, and for the people. Everyone is valued and value is for everyone.
Litecoin is value. Litecoin is for everyone.
What does LitVM (@LitecoinVM) do for Litecoin? Anything?
It doesn't finally give Litecoin utility.
Litecoin is already is multiples ahead of all other altcoins combined in usage with > 170k trx's and 250k active addresses per day on average.
It doesn't give it identity.
Litecoin's been digital silver since 2011 and even most OG's admit to holding & using it even until today as the silver to Bitcoin's gold.
It doesn't give it relevance.
Litecoin's already been in the top 20 MCAP out of millions of digital assets for almost 15 years and is the most used cryptocurrency for payments globally the past few years.
It doesn't give it innovation on the base chain.
Litecoin's been the 'go to' for most innovations done on the oldest and most admired blockchain in the world in Bitcoin.
It doesn't even give it resiliency or stronger security.
Litecoin has never been down, done over 430 million transactions totaling trillions of $$, and is the parent to over 21 other cryptos through merge mining because of its strength.
So what does LitVM even do for Litecoin?
It brings a new set of untapped utility through smart contracts.
It allows for token creation, RWA's, stablecoins, and zero knowledge development without ever comporomising the base code.
It brings institutional interest and fresh funds to the Litecoin ecosystem, and the interest of many still under the age of 35 that might not otherwise initially understand or care solely about financial freedom.
It enables what other chains brag about because they don't already have the history, reputation, and strength of service that Litecoin has had for nearly 1.5 decades.
It kills the competition because the competition's foundation is built on marketing first, and hopefully relevancy and usage later.
LitVM is the silver cutlery that eats the competition's breakfast, lunch, and dinner. No one is ready for what comes next.
Except Litecoin.
Line up every crypto by launch year and a pattern jumps out. The early era is stacked with top decentralization scores: $BTC 98, litecoin:native 96, $DOGE 93.5, digibyte:native 96.
Most chains launched since then score under 60. Newer is not always better.
See the timeline: https://t.co/QPkd3auJKY