The LTC privacy upgrade rolls out with the public launch due to happen soon as David Burkett, the lead developer behind the integration announced. He released a closed testnet version for LTC so let’s find out more in our latest Litecoin news.
The final integration with LTC mainnet will happen next year so Burkett plans to propose a MimbleWimble proposal as well. The much-anticipated LTC Privacy upgrade rolls out as the launch of the MimbleWimble testnet is now live. It is a limited test version accessible to the developers with the mainnet getting ready to launch due to next year.
#MWEB pic.twitter.com/qWiVFkhMKK
— Charlie Lee [LTC⚡] (@SatoshiLite) September 30, 2020
MimbleWimble on Litecoin is an update that will implement the extension block to the main chain of Litecoin thus allowing users to hide transactions and their identities as well. Although it was announced in early 2019, the progress on MW didn’t start until David Burkett who is a developer of Grin ++ took over back in December last year. Since then, Burkett and the LTC foundation successfully launched the GitHub code for the peer review and the contribution a day ago.
The current testnet comes with basic features such as the mining and adding LTC nodes on the testnet, wallet capabilities however will not be added. Burkett was working on the upgrade for more than a year with $6000 in remunerations each month that was paid to Burkett via donations. Up to this date, he received ten payouts of $60,000 of which Charlie Lee donated half the amount. With two months left to the end of this commitment, Burkett will launch a public testnet with all LTC transaction capabilities.
Litecoin’s mainnet integration of these features is not expected for another year as Lee told the member of the Telegram group:
“3 months to a year and 3 months.”
Burkett is also planning to publish a bitcoin improvement proposal for the MW implementation on BTC as he said:
“I don’t expect it to be taken seriously, but I have every intention of submitting a BIP and a pull request.”
The regulators viewed the privacy-centric cryptocurrencies as a huge threat due to the role in promoting money laundering. However, for many crypto supporters, privacy and fungibility are essential for sound money.
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