Litecoin’s most crucial update in years finally close to implementation. What will change with MimbleWimble?

Vladislav Sopova

Long-awaited MimbleWimble update is on the way to Litecoin (LTC) mainnet: “digital silver” becomes privacy coin


The wait is over: MimbleWimble is on its way to Litecoin (LTC)After Bitcoin, Litecoin Integrates Taproot Update

Litecoin Foundation, the nonprofit behind technical development and community management, has announced that the Mimblewimble Extension Block (MWEB) upgrade is ready for the mainnet rollout in Litecoin (LTC).

The wait is over: MimbleWimble is on its way to Litecoin (LTC)

According to the official announcement shared by the Litecoin Foundation on its main blog, the biggest upgrade in the entire history of the Litecoin (LTC) blockchain is being activated.

Mimblewimble Extension Block Upgrade (MWEB) is now officially live as a “release candidate”. As such, if supported by Litecoin (LTC) nodes, MWEB will be added to Litecoin’s codebase in Litecoin Core 0.21.2 software.

The release code is verified by Quarkslab, a highly reputable cybersecurity team.

David Burkett, an independent developer who worked on Litecoin’s MWEB implementation, emphasized the importance of this upgrade for Litecoin (LTC) and blockchain privacy as a whole:

MWEB is a crucial next step in the evolution of Litecoin. The optional confidentiality offered by MWEB gives the user remarkable and needed safeguards for small everyday items, salaries or even buying a house.

MimbleWimble allows any LTC sender to obscure transaction details such as the sender’s address and the number of coins transferred. Its activation allows Litecoin to bolster itself as a privacy-focused cryptocurrency.

After Bitcoin, Litecoin Integrates Taproot Update

Charlie Lee, creator of Litecoin, added that the release will receive “RC” status after years of hard work by leading software programmers and analysts:

The planning, development and now activation of MWEB has been a genuine community effort, starting with several years of donations from Litecoin supporters around the world, and culminating with David Burkett’s dedication and attention to detail; who led the project. It also involved key figures such as Andrew Yang who helped with the original Litecoin improvement proposal, Hector Chu’s essential code reviews, and the countless others who monitored, advised and run testnet nodes. This project is a true testimony to the resilience and continued growth of the Litecoin community.

Also, Litecoin (LTC) will have added a privacy and scalability update from Taproot to the same Litecoin Core update.

As previously described by U.Today, Mr. Burkett started developing Litecoin’s MWEB in September 2019. The research and its implementation were co-funded by Charlie Lee and the Litecoin community.

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