Litecoin network enables MimbleWimble update
- May 19, 2022
- 0
On Friday, May 20, at approximately 06:30 (Kyiv / Moscow time), the MimbleWimble Extension Block (MWEB) update will be enabled on the Litecoin mainnet. This was said by
On Friday, May 20, at approximately 06:30 (Kyiv / Moscow time), the MimbleWimble Extension Block (MWEB) update will be enabled on the Litecoin mainnet. This was said by the creator of the Charlie Lee project.
MWEB is currently estimated to be activated on 5/19 20:30 PT (5/20 3:30 UTC). We are considering holding a live stream event to celebrate the activation. Stay tuned for more details coming soon.
In the meantime, help us reach the pools and miners. There are still some not updated!
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) 16 May 2022
MimbleWimble is a protocol with high scalability and increased privacy. It uses a variety of technologies, including confidential transactions and CoinJoin, which hides the inputs and outputs of senders and receivers and combines many transactions into a single transaction.
Recall that Litecoin developers announced in February 2022 that MWEB is ready. In March, they placed a new version of the Litecoin Core 0.21.2 client on the testnet, which includes the MWEB and Taproot updates.
Source: Fork Log
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