Home / News / Litecoin Foundation and Beam Partner to Explore New Protocol, LTC Price Soars 30%

Litecoin Foundation and Beam Partner to Explore New Protocol, LTC Price Soars 30%

The Litecoin (LTC) Foundation has partnered with software development firm Beam to explore the implementation of a new protocol that would improve privacy and scalability. The news was reported in a Beam Medium blog post Feb. 7.

The new protocol, dubbed “Mimblewimble” — a fictional tongue-tying curse from the popular Harry Potter novels — is reportedly being tested for use in conjunction with the scalability solution “Extension Blocks.” The Beam blog post states:

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