![]() ![]() “The planning, development and now activation of MWEB has been a true community effort, beginning with multiple years of donations from Litecoin supporters all over the world, and culminating with the dedication and attention to detail of David Burkett who led the project. The optional confidentiality MWEB provides gives the user notable and needed protections for small everyday items, to salaries, or even buying a home”, says Burkett.Ĭharlie Lee, the Creator of Litecoin, added: “MWEB is a crucial next step in Litecoin’s evolution. By allowing users to opt-in to making their transaction amounts confidential, MWEB improves Litecoin’s fungibility and privacy.ĭavid Burkett, MWEB’s lead developer, believes the upgrade will position Litecoin as one of the most sound currencies in the world. Mimblewimble does not reveal any of the three secrets or information. ![]() Mimblewimble transactions’ complete anonymity feature stands in contrast to the pseudonymity of other cryptocurrencies where usually three secrets are revealed: the sender’s address, the amount of crypto sent and the receiver’s address. Mimblewimble is a privacy-oriented decentralized protocol that uses a novel way of structuring and storing blockchain transactions. This is the most significant upgrade in Litecoin’s 10 years of development, MWEB brings improved scalability and fungibility to Litecoin (LTC). The eagerly-anticipated ‘MWEB’ release candidate has launched on Litecoin’s Github. After working on development for almost two years, Litecoin is finally launching the MimbleWimble protocol which will dramatically enhance the network’s fungibility and scalability. ![]()
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