Litecoin's MimbleWimble Upgrade Officially Activates, Price Remains Unchanged

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Litecoin's MimbleWimble Upgrade Officially Activates, Price Remains Unchanged
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Litecoin's MimbleWimble upgrade is now live; $LTC price remains constant LTC MWEB blockchain LitecoinFam Cryptos CryptocurrencyNews

, allowing users to opt-in to secret transactions. The MWEB, according to principal developer David Burkett, improves Litecoin's feasibility as a fungible currency that may be used for ordinary transactions, paying staff salaries, and even purchasing real estate. MimbleWimble employs a variety of cryptographic techniques to disguise the source and receiver of a transaction.

Litecoin developers earlier announced the readiness of MWEB in February 2022, while in March, they released a new version of the Litecoin Core 0.21.2 client to the testnet, which contains MWEB improvements and Taproot.The MimbleWimble improvement will make Litecoin a more fungible and private cryptocurrency. In recent weeks, privacy cryptocurrencies such as Monero and Zcash have been gaining traction. Litecoin gained 5% in anticipation of the long-awaited MWEB on May 19.

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