Litecoin Publishes Proposal For MimbleWimble Implementation

Litecoin Publishes Proposal For MimbleWimble Implementation
фото показано с : beincrypto.com

2019-10-24 18:15

After Litecoin founder Charlie Lee teased new privacy features early this year,  it has finally published the first draft plans. Litecoin has proposed MimbleWimble (MW) transactions to bring on updated scaling and privacy features.

Litecoin launched in 2011 after forking from Bitcoin. Since then, the cryptocurrency has been trying very hard to differentiate itself from Bitcoin. Litecoin’s latest proposal for implementing MimbleWimble could be a huge game-changer.

Good to see Litecoin development moving forward.https://t.co/oxVhfr5gb6

— Mati Greenspan (@MatiGreenspan) October 24, 2019

Litecoin Improvement Proposals

Litecoin has proposed two improvement proposals, LIP 2 and LIP 3. The first proposal, LIP 2, introduces extension blocks (EB) to Litecoin. It allows Litecoin to implement new protocols such as MimbleWimble without altering consensus rules. It is similar to a block size increase and runs alongside the main chain’s canonical blocks.

The second proposal, LIP 3, deals with the implementation of the MimbleWimble protocol. It uses the extension blocks proposed in LIP 2 and users can then use MimbleWimble by moving their coins into EB if they so choose.

MimbleWimble Privacy

The Bitcoin community first proposed MimbleWimble (MW) back in 2013. It has not progressed much with Bitcoin, however, the Litecoin community is now more adoptive.

Litecoins moved to extension blocks are sent to a specially marked anyone-can-spend address. Inside the EB, an equivalent amount of MW coins are redeemed. MW then hides the amount and also deletes the transactional history from the ledger. It helps with increasing privacy while reducing the block size at the same time.

Additionally, LIP 3 has also proposed a switch commitment to Elgamal. If Quantum Computers become a viable threat in the future, it can be activated.

Possible Exchange Delisting

MimbleWimble can make Litecoin significantly better, but it could also result in exchange delistings. Several exchanges like Coincheck, Upbit, and even Coinbase UK have already delisted privacy coins such as Monero and Zcash. Hostility towards privacy coins could bring extra scrutiny onto Litecoin and also result in delisting.

Do you think exchanges will delist Litecoin if they implement these privacy features? Let us know your thoughts in the comments below.

Images courtesy of Twitter, Shutterstock.

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The post Litecoin Publishes Proposal For MimbleWimble Implementation appeared first on BeInCrypto.

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litecoin mimblewimble features privacy publishes proposal implementation

Источник: beincrypto.com

litecoin mimblewimble → Результатов: 47


В тестовой сети Litecoin развернуты обновления Mimblewimble и Taproot

Команда Litecoin развернула в тестовой сети новую версию клиента Litecoin Core 0. 21. 2. Релиз включает обновления Mimblewimble Extension Block (MWEB) и Taproot. Mimblewimble — это протокол с возможностями широкого масштабирования и повышенной приватности.

2022-3-19 15:47


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2022-2-1 12:09


Разработчики продолжают внедрение технологии MimbleWimble в Litecoin

Разработчик Litecoin и Grin++ Дэвид Беркетт опубликовал обновленную информацию об интеграции MimbleWimble в Litecoin. Он сообщил, что была создана тестовая среда и началась интеграция с кодовой базой.

2020-5-7 18:19


Litecoin’s MimbleWimble receives a major upgrade while LTC is trending up

The Grin developer tasked with implementing privacy features in Litecoin announced the introduction of a new type of transaction that will “open up more opportunities going forward. ” MimbleWimble development update In a blog post, David Burkett, the project lead for the Litecoin MimbleWimble (MW) proposal, announced the integration of non-interactive transactions.

2020-2-3 20:39


Разработчики Litecoin представили вариант проекта по интеграции MimbleWimble

Разработчики Litecoin Foundation опубликовали сразу два предложения по улучшению протокола (LIP-0002 и LIP-0003), предусматривающих интеграцию технологии MimbleWimble для обеспечения приватности транзакций.

2019-10-23 15:32


Представлено обновление Litecoin с интеграцией технологии конфиденциальных транзакций MimbleWimble

Разработчики Litecoin Foundation опубликовали сразу два предложения по улучшению протокола (LIP-0002 и LIP-0003), предусматривающих интеграцию технологии MimbleWimble для обеспечения приватности транзакций.

2019-10-23 14:02


Litecoin One Step Closer to MimbleWimble, MW LIP Published on LTC Git Repository

Earlier this year, Litecoin creator Charlie Lee announced that soon confidential transactions and MimbleWimble implementation would be introduced to the 6th largest cryptocurrency. Last month, it has been announced that the Litecoin Project is working with David Burkett, a Grin ++ developer to add MimbleWimble support to the Litecoin network. Now, a draft of two […]

2019-10-22 21:14


Litecoin Foundation и Beam объявили о сотрудничестве

Как сообщают создатели криптовалюты Beam в своем блоге, представители Litecoin Foundation заинтересовались возможностью интеграции в Litecoin технологии Mimblewimble, позволяющей получить максимальную анонимность транзакций.

2019-2-8 08:00


Разработчики Litecoin заинтересовались интеграцией технологии MimbleWimble в свою криптовалюту

Представители Litecoin Foundation совместно с разработчиками криптовалюты Beam изучают возможность интеграции технологии MimbleWimble в Litecoin. Об этом команда Beam сообщила в своем блоге. В настоящее время они тестируют конвертацию обычных LTC в их Mimblewimble-вариацию и наоборот.

2019-2-7 14:53


Beam поможет Litecoin в реализации внедрения конфиденциальных транзакций

Создатели криптовалюты Beam в своём блоге сообщили, что с ними связались представители Litecoin Foundation, интересующиеся возможностью интеграции технологии Mimblewimble в Litecoin. Litecoin Foundation and Beam Cooperation Announcement https://t.

2019-2-7 13:55


Фото:

Анонимные транзакции в Litecoin реализуют с помощью протокола MimbleWimble

Несколько дней назад создатель Litecoin Чарли Ли заявил, что разработчики криптовалюты приложат все усилия для внедрения конфиденциальных транзакций в LTC. Если всё пойдёт по плану, анонимно пересылать монеты можно будет уже к концу 2019 года. Правда, комьюнити-менеджер Litecoin Foundation Илир...

2019-2-5 14:15


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