February 1, 2023

The developer spoke about the latest development achievements of MimbleWimble in the Litecoin network

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David Burkett, lead developer of the Grin project, currently working on the integration of MimbleWimble in the Litecoin network, spoke about the latest achievements in this direction.

He notes that the developers have achieved greatprogress. One of the main achievements, according to Burkett, is that the Litecoin Foundation took care of all the costs associated with the implementation of the MimbleWimble and Grin ++ extensions.

Also, the first everMimblewimble pre-cast (AFAICT) using CoinJoin. For those who are new to Mimblewimble, it will be useful to know that when a transaction is added to a block, its data is already combined with other transactions. However, transactions are broadcast before they can join other transactions, which means that the nodes that control the network can see the original transaction channels. Sending a transaction directly to the CoinJoin server before broadcasting is one of the methods that are used to increase network privacy.

In addition to the mixers, which is CoinJoin, it is also recommended to use the TOR browser.

Mimblewimble needs to interact with the recipient, so using TOR we can use familiar addresses, simpler settings with much better privacy, ”writes Burkett.

Mimblewimble is a solution that will allow LTC users to conduct confidential transactions.

The developer promised that in the future he will publish updates monthly so that users of the Litecoin project are aware of all the achievements.

Recall that last month the developers published 2 new proposals for improving LTC: LIP-0002 and LIP-0003.