Crypto

MimbleWimble Support for Litecoin Continues to Progress

Litecoin is often referred to as a mere copy of Bitcoin. That is rather unfair sentiment, primarily because there are plenty of developments taking place.

One of those ongoing developments is known as MimbleWimble

.

Litecoin’s Implementation of MimbleWimble Progresses Nicely

While not unique to Litecoin, significant progress on implementing this solution has been made in recent months. 

In the latest update, some more details have been released.

One drawback to MimbleWimble is how the recipient must be online when a transaction is sent.

This is required for communication over this protocol.

Developer David Burkett will submit a proposal in the coming weeks, and one that removes this need.

Additionally, this will eventually allow for hardware wallet support.

Related Post

A recent audit for Grin++ – the base for Libmw – also provides valuable insights.

Based on the findings by security researchers, the “necessary fixes” have been applied to both Grin++ and libmw.

A new review by the auditors of these fixes will occur very soon. 

Several lingering issues affecting the Grin++ network have also been resolved.

There were some minor discrepancies with syncing, among other things.

Those have now all been resolved, allowing Burkett to focus on actual development instead of bug fixing.

There is still a lot of work to be done, but the Litecoin ecosystem is one step closer to enabling privacy-oriented transactions.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Chainlink, Apecoin, and KangaMoon Bulls Gathering Pace, Is It Sustainable?

Chainlink has made incredible progress in the past few months with bullish momentum reported on…

55 mins ago

Pepe Coin (PEPE) Crosses $6 Billion With New ATH – 3 Cryptos Set To Follow This Trend

Pepe Coin (PEPE) recently crossed $6 billion in market capitalization, a new all-time high for…

5 hours ago

Algotech AI marketing revolution: SEI moves and Starknet struggles with 1200% ROI potential

Algotech’s AI Advancement: Introducing AI Trading and 1200% ROI Potential as SEI Grows and Starknet…

5 hours ago

Memecoins Surge, Outperforming Bitcoin: Top 5 Memecoins By Market Cap

Over the past week, memecoins have outshined Bitcoin, recording over 25% growth as a category. …

16 hours ago

SUI Launches Global Hackathon As TVL Surpasses $1 Billion

SUI has kicked off its first-ever global Hackathon, a move that's poised to positively impact…

16 hours ago

BDAG Flourishes Despite Retik Finance’s Struggles on Uniswap

BlockDAG's Innovative Dashboard Drives Predictions to $30 By 2030, Retik Finance Falters with 24% Drop…

22 hours ago