April 26, 2024

Litecoin developer predicts that Mimblewimble protocol will be tested before the end of summer

Litecoin developer predicts that Mimblewimble protocol will be tested before the end of summer

David Burkett recently suggested that the Mimblewimble privacy protocol could be launched on the Litecoin test network by September 2020.

According to him, writing software for the blockchain is a difficult task, therefore it is impossible to plan the date in advance and work without haste, but tests should begin before the end of summer.

The developer expects that initially inThe test network will only check basic functions such as the correctness of transaction confirmations, closing and adding blocks, messaging, synchronization, pooling. Adding thatthe first version will not include a user wallet with a graphical interface, so transactions will need to be manually generated.

The Mimblewimble protocol was first published inIn 2016, the author, under the pseudonym Tom Elvis Jedusor, was offered as an option to increase the confidentiality of scalability and functionality of bitcoin. It allows you to combine transactions into one common, hiding the data of each individual from an external observer.

Burkett also said that he made several modifications, thanks to which there will be the possibility of a soft fork for new functions in the future.

Earlier, Litecoin founder Charlie Lee also explained the reason for the lack of protocol updates for a long time.

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