- The Litecoin community has recently approved the activation of the MimbleWimble protocol on the LTC mainnet.
- This upgrade has led to a massive jump in overall Litecoin social engagement.
- So far, Litecoin’s social engagement has increased by 21%, and even hit its highest point in the last three months.
The Litecoin community has recently approved the activation of the MimbleWimble protocol on the LTC mainnet.
MimbleWimble is a privacy-focused decentralized protocol that enables users to conceal transaction data with its confidentiality feature while providing a foundation for other blockchains to improve the usability of their token.
The Mimblewimble Extension Block (MWEB) hides three critical pieces of information: sender address, receiver address, and the amount of crypto sent.
With the Mimblewimble Extension Block, users can opt-in to confidential transactions. The goal of this is to enhance the visibility of Litecoin as a fungible currency that can be used for real-world transactions by lowering fees and adding privacy, throughput and scalability.
This upgrade has led to a massive jump in overall Litecoin social e …