February 27, 2024

Grin Team Unveils Litecoin Transaction Privacy Level Using MimbleWimble Protocol

Grin cryptocurrency developer David Burkett has presented a new plan to implement the MimbleWimble protocol, whichwill add support for "non-interactive transactions" in Litecoin.

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The solution aims to increase transaction confidentiality. It will avoid the need for the simultaneous presence of the sender and the recipient in the network at the time of the transaction.

&#171;This will remove a major UX barrier, limit long-term maintenance requirements, and make hardware wallets easier to support&#187;, &#8212;Burkett stated.

He also developed a database structure with the ability to transfer updates from one cryptocurrency to another.

In addition, updates tothe planned hard fork on the Grin ++ network, as a result of which synchronization problems were resolved. Burkett hopes that this will allow him to focus on "actual development", which will significantly accelerate the work.

The developer also emphasized that after a recent Grin ++ security audit, partially paid by Litecoin creator Charlie Lee, he applied all the fixes to Grin ++ and MimbleWimble for Litecoin.

“The priority for February will be the implementation of the rulesconsensus for LTC expansion blocks, including all checks. This is the most important part of the code, so it will take a lot of time to make sure all the details are correct and the code is fully tested. Once everything is ready, I'll be working on an API for extension blocks so we can start integrating libmw into the existing LTC&#187;, &#8212; codebase.noted the developer.

Recall, for the first time, a proposal to improve the Litecoin protocol, which provides for the integration of MimbleWimble technology to ensure transaction privacy, was announced last October.