$94,592.00
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0.23%$1,796.22
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0.69%$3.18
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0.00%$2,158.45
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0.19%$4.12
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0.18%$1.00
0.06%$0.607219
3.86%$28.94
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-0.74%$94,529.00
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0.50%$51.21
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0.01%$0.921673
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0.00%$21.82
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0.59%$165.48
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0.49%$0.088235
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0.21%$4.33
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4.44%$94,501.00
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0.66%$4.29
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4.14%$0.00001928
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0.05%$94,537.00
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0.93%$0.464072
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5.80%$0.01777946
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0.90%$1.00
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1.42%$0.297535
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1.23%$1.092
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6.43%$1,880.96
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0.07%$0.069008
2.10%$95,658.00
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21.23%$0.195326
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4.90%$0.509181
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1.62%$1,785.31
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1.08%$3.50
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16.73%$2.94
4.52%$1,975.66
-0.57%Reading
Litecoin, the world’s eight biggest cryptocurrency, is in the throes of introducing experimental new privacy features. This is its MimbleWimble protocol implementation, initially proposed back in November 2019, that aims to add opt-in privacy for those using the network.
Today, David Burkett, the developer in charge of this integration, has provided an update on its implementation. He revealed that big progress has been made, and the initial code will be complete and ready for review on March 15.
“There are still a ton of ways we can (and will) continue to improve the MWEB code, in particular around syncing, but most of what remains is not required for initial launch…I will be submitting the code for review on March 15th,” tweeted Burkett.
Litecoin was one of the early names to establish itself on the market and has long been championed for its cheap and fast transactions.
However, privacy is one of the features that the Silver to Bitcoin’s Gold—as Litecoin is often referred to—has arguably been lacking. In order to tackle the issue, developers proposed allowing users to access opt-in privacy by conducting MimbleWimble transactions on an Extension Blocks-style side-chain.
It’s a big year for Bitcoin spin-off Litecoin. The cryptocurrency—often described as the silver to Bitcoin’s gold—celebrates its tenth anniversary in October. Recently, Decrypt sat down with Litecoin’s founder Charlie Lee, an MIT graduate and Google veteran, to find out just what’s so great about the cryptocurrency he designed. We’ve boiled his answers down into nice handy facts. 1.In nine years, Litecoin had zero downtime Bitcoin and Ethereum, the top two ranking cryptocurrencies by market c...
Extension Blocks were originally proposed in 2013 as a soft fork scaling solution for Bitcoin. The idea was focused on enabling better fungibility, which means that each unit of the cryptocurrency has the same value as any other unit, whilst minimizing the potential impact on the existing wallet ecosystem. It was eventually rejected in favor of the Segregated Witness (SegWit) upgrade. MimbleWimble, in turn, is a privacy-focused protocol that has real-life implementations in cryptocurrencies such as Grin and Beam.
Litecoin’s MimbleWimble implementation project has been in development for over 12 months now and even saw the launch of the MimbleWimble Extension Blocks (MWEB) testnet last September.
In his new post on Litecointalk, Burkett has drawn attention to MingleJingle, a new proposal by Tevador, the lead developer of RandomX, the mining algorithm used in Monero. RandomX was activated on Monero’s mainnet in 2019 with the objective of keeping the network protected from ASIC mining while providing a high level of security.
MingleJingle is a redesign of the original MimbleWimble protocol offering fully non-interactive transactions, which means that the sender only needs to know the recipient's address consisting of 2 public keys.
I'll be posting monthly status updates detailing progress on the LTC MW EB (YAY acronyms). This is geared toward those interested in LTC development, but will also talk a lot about Grin++ changes, so it may be interesting to Grinners as well. https://t.co/hTpUbWSPI6
— @davidburkett@bitcoinhackers.org (@DavidBurkett38) December 1, 2019
Other important features include addresses that are not linkable to wallets, as well as transactions outputs that are not linkable to addresses.
According to Burkett, Tevador’s extensive experience with Monero stealth addresses made it possible to introduce a number of improvements to the project and to improve MWEB addressing and output structure.
Adding more tweaks to the overall mechanism of concealing transaction details, Burkett said that the code is now ready for the new testnet. He added that it will contain all of the consensus, P2P, and wallet code necessary for supporting MWEB.
“The only thing it will be missing is the activation code, which I will add after the reviews and audits are all finished,” he said.
Earlier, Burkett said he hoped to see the MimbleWimble upgrade activated on Litecoin's mainnet at some point in 2021, provided miners and node operators signal their support. With the latest progress update it looks like that might just happen.
The story of a Wales man who believes he accidentally threw away $750 million worth of Bitcoin is now poised to get the Hollywood treatment. On Wednesday, a new Los Angeles-based production company, Lebul, announced that it secured the exclusive rights to tell the story of James Howells, an IT engineer who mined 8,000 BTC back in 2009—when the tokens were effectively worthless—and then lost them all. Howells maintains that a former lover threw away a hard drive containing the tokens back in 20...
Binance co-founder and former CEO Changpeng “CZ” Zhao claims to have been offering advice on how to set up crypto strategic reserves to countries across the globe. And he thinks that Europe is failing to keep up with adoption. “We are talking with many countries, advising on how to set up a crypto strategic reserve,” Zhao said on a Token2049 panel. “Very basic fundamental stuff like what wallet solutions to use? Do you use a professional custody solution, or do you use your own cold wallets?” Th...
A new survey by blockchain analytics firm Nansen and on-chain UX platform Reown has found that 62% of crypto users manage two or more wallets, up 15% from the previous year. The YouGov survey of 1,000 active crypto users in the U.S. and UK points to a fragmented crypto ecosystem, with 48% of users needing to use multiple wallets to access different networks and chains. Crypto users are also increasingly security-conscious, with 44% using multiple wallets as a security measure, up from 32.8% the...
