Technology
By Steven Anderson
1 / 12
The only benefit of MWEB for Litecoin isn’t just increased fungibility. It’s also a form of scaling!
2 / 12
A simple explanation of MimbleWimble: It’s cutting edge cryptography, there’s almost nothing more innovative than this.
3 / 12
“Mimble Wimble is a ridiculously-named technology that stops blockchains from blabbing personal information.
4 / 12
Litecoin believes that as developer David Burkett reaches the final phases of development of Litecoin’s Mimble Wimble Extension Block (MWEB) upgrade, it’s a good time to remind…
5 / 12
To utilize MWEB, a crypto wallet or exchange would be required to integrate it and help serve as the gateway from which you could move your coins in/out from the main chain over…
6 / 12
Why MWEB is opt-in? If for some reason, government’s one day decided to suppress privacy-enhancing cryptocurrencies (which would consist of applying pressure on regulated crypto…
7 / 12
In every decision taken, there are trade-offs. In Litecoin’s case, the trade-off for basic/light privacy (opt-in, MW) was made with the intent of being more exchange friendly —…
8 / 12
Although MWEB provides basic privacy features, MWEB should not be used for illicit activities requiring an extreme amount of privacy due to the potential for…
9 / 12
Some were like: Yes but who needs scaling when nobody uses it? How many additional transactions per 2.5 minutes can be added?
10 / 12
Critics were like: Litecoin under performed the S&P 500 these past 3-4 years.
11 / 12
The community were like: Can Taproot be activated also on Litecoin? Wouldn't make LTC even more scalable? Would be compatible with MWEB or the two things can't work together?
12 / 12
Litecoin replied stating, Taproot is awesome. We plan to release the next version of Litecoin Core with Taproot activation code.
The Currency Analytics
Want the full story?