However, LTC has weathered the aforementioned FUD and plans to implement confidential transactions on the Litecoin network through MimbleWimble by the end of the year. The Litecoin community has been eagerly waiting for the MimbleWimble upgrade for some time. Full Activation on Mainnet in 2021 According to the roadmap, MWEB is expected to become code complete on 15th March 2021, which implies that the code will be ready for final review and … MimbleWimble and a possible Litecoin-Cardano collab For the uninitiated, MimbleWimble —a Harry Potter reference—was first proposed in 2016 to fill privacy lapses in the Bitcoin protocol. And because of that, they managed to keep up with the newest updates of Bitcoin. According to Burkett, the protocol code can be accessed on Github, indicating that, any developer who has an […] Litecoin (LTC) over Ethereum (ETH) and EOS in terms of Active Users. In addition, it has started to working on the logic of mempool, which is a more significant step towards integrating MimbleWimble on the Litecoin (LTC) network. What Is Mimblewimble? In October 2020, Litecoin launched a Mimblewimble testnet to improve its privacy and scaling. Decentralised commerce empowers customers and businesses at all levels to transact without intermediaries, resulting in lower fees and quicker transfer times all whilst being secured by Litecoin’s multi-billion dollar network. The MimbleWimble testnet was launched in October 2020 and the code has been battle-tested over the past five months. Litecoin’s MimbleWimble privacy upgrade is Bitcoin friendly, so let’s take a look at some of the […] Once implemented, it will grant privacy features of Litecoin and also make it more scalable. Digg. As a report has it, Litecoin (LTC) MimbleWimble via Extension Blocks (MWEB) will be code complete in a few days’ time. October 1st found Litecoin trading at $45. Litecoin (LTC) is often described as the silver to Bitcoin’s gold. Litecoin is the 6th largest cryptocurrency by market cap, and was founded in 2011. First Mover: Litecoin and Mimblewimble, Ether Futures, Chainlink, Curve. Mix. The table below accounts for the number of … The first testnet for the MimbleWimble implementation on Litecoin remains on track for a September launch, lead developer David Burkett said in a July update yesterday. The testnet has officially launched, which can be used to gather a ton of valuable feedback. The process will discover or pinpoint […] At the time of writing, MimbleWimble has been running smoothly on the Litecoin testnet for the last three months. The MimbleWimble Extension Block upgrade will improve key features that Litecoin lacks – fungibility and privacy. In June, he said, the protocol will begin mining valid chains with MW blocks to ensure the integrity of blockchain operations. Mimblewimble is incredibly complicated but essentially involves making wallet addresses viewable only by the parties engaged in a transaction. As for the impact of the MimbleWimble upgrade, we may see an upsurge in the prices of Litecoin. However, the highly anticipated launch of the Litecoin MimbleWimble protocol on the testnet was eclipsed by the two major events of the CFTC charging Bitmex with operating an illegal derivatives exchange and President Trump testing positive for COVID19. This implies that the code is now set for formal auditing by co-developers According to the report, the renewal process may take a few weeks or months to complete. How will Litecoin benefit if MimbleWimble is implemented? Facebook Twitter LinkedIn Reddit WhatsApp. Will MimbleWimble make Litecoin divergent from Bitcoin? David Burkett, a lead Litecoin (LTC) developer, has officially announced that MimbleWimble via Extension Blocks (MWEB) is now “code complete”. It would run on the MW chain separate from the primary Litecoin … The latter gives away transactional information that allows firms like Chainalysis to tie transactions to an individual. As announce by the official Litecoin Twitter account, the code for the MimbleWimble via Block Extension (MWEB) will be completed within the next. ReddIt. Bitcoin was mostly subdued over the weekend, staying in its recent range between $11,000 and $12,000. He mentioned improvements to do with stealth addresses, as well as enhancements to the wallet interface. 21 votes, 11 comments. The protocol, named after a fictional Harry Potter spell, uses confidential transactions. The proposal will enable users to access an opt-in privacy software by making MimbleWimble transactions on an Extension Blocks kind of side-chain. MimbleWimble is the Hail Mary Needed for LTC. 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