Litecoin’s long-anticipated MWEB Upgrade is released

After working on development for almost two years, Litecoin is finally launching the MimbleWimble protocol which will dramatically enhance the network’s fungibility and scalability. The eagerly-anticipated ‘MWEB’ release candidate has launched on Litecoin’s Github. This is the most significant upgrade in Litecoin’s 10 years of development, MWEB brings improved scalability and fungibility to Litecoin (LTC).
What is MWEB and what does it offer?
Mimblewimble is a privacy-oriented decentralized protocol that uses a novel way of structuring and storing blockchain transactions. Mimblewimble transactions’ complete anonymity feature stands in contrast to the pseudonymity of other cryptocurrencies where usually three secrets are revealed: the sender’s address, the amount of crypto sent and the receiver’s address. Mimblewimble does not reveal any of the three secrets or information. By allowing users to opt-in to making their transaction amounts confidential, MWEB improves Liteco

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