• About Us
  • Privacy Policy
  • Contact Us
Subscribe
Lascena
Advertisement
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021LIVE
  • Videos
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021LIVE
  • Videos
No Result
View All Result
Lascena
No Result
View All Result

Litecoin’s MimbleWimble privacy upgrade is ready to roll on March 15

February 2, 2021
in Litecoin
Reading Time: 3min read
Litecoin’s MimbleWimble privacy upgrade is ready to roll on March 15


The Litecoin MimbleWimble (MW) lead developer, David Burkett, has given a progress update on the project. He mentioned improvements to do with stealth addresses, as well as enhancements to the wallet interface.

But crucially, Burkett puts a date of March 15 for when he can hand it over to the community for review.

January Progress:

Improved how we handle stealth addresses thanks to the “MingleJingle” proposal (https://t.co/m4iBLZsJg9)

Cleaned up tx history UI and other wallet improvements.

Initial code will be complete and ready for review March 15th!🚀

Details: https://t.co/MZdvpCGhrL

— @[email protected] (@DavidBurkett38) February 2, 2021

Litecoin founder Charlie Lee first mentioned the MW upgrade back in early 2019. He argued that MW is needed for Litecoin to become sound money, which was always the use case he was aiming for.

“Litecoin (LTC) is decentralised money, free from censorship and open to all. Send low cost private, secure, borderless payments to anyone, anytime, anywhere.”

What is MimbleWimble?

MimbleWimble is a blockchain design that allows for more privacy and better network scalability. The design differences center on a compact history, making data easier and quicker to process and verify.

However, what sets MW apart is the encryption of the amounts of inputs and outputs on a block. The block can still be verified and confirmed. But, to an outsider, it looks like one large transaction, as opposed to a combination of several.

The result is that there are no identifiable or reusable addresses, as individual inputs cannot be linked with their respective outputs. Meaning only the transacting parties can view the transaction data.

Litecoin as sound money

Even though Litecoin is a Bitcoin fork, it differentiates itself by being a faster and cheaper version. Some would argue that Litecoin is a truer version of Bitcoin, per a literal interpretation of Satoshi Nakamoto’s electronic money concept.

All the same, Lee points out that most cryptocurrencies, Litecoin included, lack the full yardstick of what sound money constitutes. His chief concern is a lack of fungibility. This refers to the interchangeability of tokens, as fungibility implies equal value across the board.

“In January of last year [2019], I tweeted something saying fungibility is the only property of sound money that is missing from Bitcoin and Litecoin. And now that the scaling debate is behind us, the next paragon will be on fungibility and privacy. And I really believe that. “

But the problem is, most cryptocurrency tokens are not indistinguishable from one another. Every Litecoin has a sequence of history transactions unique to that Litecoin. This could potentially affect its value, for example, by having an illicit history.

For Litecoin to become the payment system it strives to be, fungibility is the next step, and that reality is fast approaching.

Litecoin, currently ranked #7 by market cap, is up 11.42% over the past 24 hours. LTC has a market cap of $9.58B with a 24 hour volume of $6.92B.

Litecoin Price Chart

LTCUSD Chart by TradingView

Like what you see? Subscribe for daily updates.





Source link

Facebook0
Twitter0
Linkedin0
Print0
E-mail0
Yahoo Mail0
GMail0
SMS0
Messenger0
Tags: LitecoinsMarchMimbleWimblePrivacyReadyrollUpgrade
Next Post
Bullish Sign for Crypto? USDC and Dai Balances on Exchanges Hit Record Highs

Bullish Sign for Crypto? USDC and Dai Balances on Exchanges Hit Record Highs

Market Wrap: Bitcoin Rises to $35.8K, Ether Hits New High and DeFi Crosses $28B Locked

Market Wrap: Bitcoin Rises to $35.8K, Ether Hits New High and DeFi Crosses $28B Locked

Don't Miss

ETHEREUM’S DERIVATIVE MACHINE SYNTHETIX $100 PRICE PREDICTION EXPLAINED
Cryptocurrency Videos

ETHEREUM’S DERIVATIVE MACHINE SYNTHETIX $100 PRICE PREDICTION EXPLAINED

by Lascena Cryptocurrency News Education
February 25, 2021
0

Ethereum's derivative machine synthetix is a key defi player and I believe that it can go to $100 or more...

Read more
Here’s Why I’m SELLING My Ripple XRP BEFORE ELECTION! (Crypto News)

Here’s Why I’m SELLING My Ripple XRP BEFORE ELECTION! (Crypto News)

February 25, 2021
Bitcoin 500k Prediction! + Should I Buy Ethereum? Is Ethereum A Good Investment? Cryptocurrency News

Bitcoin 500k Prediction! + Should I Buy Ethereum? Is Ethereum A Good Investment? Cryptocurrency News

February 25, 2021
Small Cheap FPGA Miner – Hashaltcoin Blackminer F1 Mini Review | Odocrypt FPGA Mining | Blake2b

Small Cheap FPGA Miner – Hashaltcoin Blackminer F1 Mini Review | Odocrypt FPGA Mining | Blake2b

February 25, 2021
BUY BITCOIN!!! DON’T BE FOOLED BY ELITES RIGGING THE GAME!!! COINBASE IPO | CRYPTO NEWS 2020

BUY BITCOIN!!! DON’T BE FOOLED BY ELITES RIGGING THE GAME!!! COINBASE IPO | CRYPTO NEWS 2020

February 24, 2021

Lascena Cryptocurrency News Education

We have all the latest updated and legitimate information related to Blockchain, Cryptocurrency, latest market rates & trends, prices, new regulations along with every other thing that somehow related to crypto or digital currency market. Our main idea is to provide the kind of news that is original and at the same time, it can prove to be beneficial for our audience.

© 2020 lascena.ca

  • About Us
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021
  • Videos

© 2020 lascena.ca

  • bitcoinBitcoin(BTC)$50,046.00-0.06%
  • ethereumEthereum(ETH)$1,609.28-0.83%
  • Binance CoinBinance Coin(BNB)$247.020.46%
  • tetherTether(USDT)$1.00-0.15%
  • cardanoCardano(ADA)$1.034.62%
  • PolkadotPolkadot(DOT)$33.37-5.93%
  • rippleXRP(XRP)$0.468870-3.73%
  • litecoinLitecoin(LTC)$179.890.17%
  • chainlinkChainlink(LINK)$27.33-1.41%
  • bitcoin-cashBitcoin Cash(BCH)$526.78-1.59%