Litecoin, the eighth largest cryptocurrency in the world, is about to introduce new experimental privacy features. This is the implementation of the MimbleWimble protocol, initially proposed in November 2019, which aims to add optional privacy for those who use the network.
David Burkett, the developer responsible for this integration, provided an update on its implementation. He revealed that a lot of progress has been made, and the initial code will be complete and ready for review on March 15th.
Litecoin was one of the first names to establish itself in the market and has long been a champion for its fast and cheap transactions. However, privacy is one of the features that Silver to Bitcoin’s Gold - as Litecoin is often referred to - has undoubtedly been lacking. To solve the problem, the developers proposed to allow users to access opt-in privacy by conducting MimbleWimble transactions on an Extension Blocks side chain.
Since both cryptos shares the same technology, Litecoin ends up serving as a kind of testing ground for updates to be eventually implemented by the Bitcoin network. Which leads many Bitcoin users to be excited about the possible success of the upcoming MimbleWimble implementation.
Litecoin's MimbleWimble implementation project has been in development for over 12 months and even saw the launch of the MimbleWimble Extension Block (MWEB) test network last September.