Litecoin is one step closer to adding the privacy mimblewimble features that offer fully non-interactive transactions as the code is ready for the testnet and will be submitted next month for review but let’s revise what we know about it in our latest Litecoin news.
Litecoin is the world’s eighth-biggest cryptocurrency and entered the waters of experimental privacy features which is why the team is so eager on implementing the MimbleWimble protocol. The protocol was proposed back in 2019 and aims to add privacy features for those using the network. Today, David Burkett who is the developer in charge of the integration, provided an update on the implementation and said that big progress was made and that the initial code will be ready for review on March 15.
“There are still a ton of ways we can (and will) continue to improve the MWEB code, in particular around syncing, but most of what remains is not required for initial launch…I will be submitting the code for review on March 15th.”
I’ll be posting monthly status updates detailing progress on the LTC MW EB (YAY acronyms). This is geared toward those interested in LTC development, but will also talk a lot about Grin++ changes, so it may be interesting to Grinners as well. https://t.co/hTpUbWSPI6
— @[email protected] (@DavidBurkett38) December 1, 2019
Litecoin was one of the first names to establish itself on the market for cheap and fast transactions. However, privacy is one of the features that the cryptocurrency is often referred to that’s lacking. In order to tackle this issue, the developers proposed an opt-in feature by conducting MimbleWimble transactions on the Extension Blocks-style sidechain. The Extension blocks were proposed in 2013 as a fork for a new scaling solution to BTC with the goal being adding more fungibility which means that each unit of the cryptocurrency has the same value as other units, therefore, minimizing the potential impact on the wallet upgrade. MimbleWimble is a privacy-focused solution that has real-life implementations in Beam and Grin.
LTC’s mimblewimble protocol was in development for over 12 months and saw the launch of the MWEB testnet in September 2020. Litecoin is one step closer to the implementation of the protocol but Burkett also drew attention to MingleJingle which is a new proposal by Tevador. MingleJingle is a redesign of the original MimbleWimble protocol that offers non-interactive transactions which means that the sender needs to know the address and its public keys.
Adding more tweaks to the privacy of hiding transactions details, Burkett said that the code is ready for the testnet and added that it will contain all of the consensus and a wallet code that will support MWEB:
“The only thing it will be missing is the activation code, which I will add after the reviews and audits are all finished.”
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