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Litecoin launched an anonymous protocol ...

Litecoin Launches MimbleWimble Anonymous Protocol On Testnet
CONTENT

  • The protocol developer will continue to identify weaknesses in the new functionality

  • The release of the main version is scheduled for 2021

  • Litecoin creator believes ordinary users will face difficulties

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A testnet for the MimbleWimble protocol has been deployed on the Litecoin blockchain, which will take the project to a new level of anonymity

The cryptocurrency community can test the functionality of the MimbleWimble protocol on a dedicated testnet. This was announced on the official website of Litecoin by the developer of the protocol David Burkett.

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According to Burkett, the testnet still supports multiple connected nodes and block mining functionality. Anonymity-focused cryptocurrency developer Grin says it will now focus on making MimbleWimble user-friendly.

“Once I’m confident that everything is working as intended, I’ll start looking for ways to hack the testnet to make sure it’s secure and stable,” Burkett said..

The creator of the protocol also noted that the current version of the protocol for Litecoin has “weaknesses” or does not take into account the necessary verification of emergency scenarios. Also, the developer MimbleWimble suggested that a full release of the protocol could take place as early as 2021..

Litecoin launched an anonymous protocol ...

The exact date is still unknown.

Thorny path

In May 2020, David Burkett announced the launch of the test framework and the integration of the protocol into the Litecoin codebase..

Litecoin launched an anonymous protocol ...

BeInCrypto editors reported, that the creator of the Mimblewimble protocol is working on a Grin ++-based enhanced anonymity feature in collaboration with the Litecoin Foundation.

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At the same time, not all cryptocurrency users are concerned about the issue of anonymity on the network. Despite the availability of privacy coins such as Monero, Grin and Zcash, users are not taking full advantage of them, according to analyst firm CoinMetrics..

It is noteworthy that the creator of the Litecoin cryptocurrency, Charlie Lee himself, admitted that initially the use of Litecoin together with the MimbleWimble protocol would be “difficult”. The creator of Litecoin emphasized that users using the new functionality should be aware of the risk from the newly introduced technology..

On moment of writing LTC / USDT price is $ 46.96.

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Litecoin launched an anonymous protocol ...

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