Litecoin founder Charlie Lee has focused on fungibility, scalability, and privacy for the past couple of years. This vastly improves the privacy of the blockchain while also enhancing its scalability. It allows senders to encrypt the number of coins to be sent using “blinding factors” while obfuscating the addresses. The protocol, named after a fictional Harry Potter spell, uses confidential transactions. The MimbleWimble testnet was launched in October 2020 and the code has been battle-tested over the past five months. The MimbleWimble Extension Block upgrade will improve key features that Litecoin lacks – fungibility and privacy. Ĭurrently, Litecoin’s MWEB testnet for technical-users has been up and running smoothly since September 2020, with plans of a less-technical and more user-friendly testnet being made available to the public in the following weeks. To learn more about Litecoin’s MWEB, visit. MWEB is an upgrade that will improve Litecoin’s fungibility and privacy - key features that are currently lacking in Litecoin and Bitcoin’s protocol’s. Essentially, after code implementation, it’ll then be up to the Litecoin community to decide the fate of how quickly MWEB will activate. The finalized code will then be incorporated into Litecoin’s main codebase and will be ready for node operators and miners to signal support for. This reviewal process may last a few weeks to a few months, depending on how smoothly the auditing process advances and if any corrections are required. This means that the code has been completed to the best of his knowledge and is now ready for formal auditing by fellow developers. After over a year of ongoing development,ĭavid Burkett has officially announced that Litecoin’s MWEB is now “code complete”.
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