In short:
- MimbleWimble core developer David Burkett has said that code for the potential improve will probably be prepared by March fifteenth
- On this date, the code will probably be prepared for last overview and formal auditing
- Miners will then agree on whether or not to implement the improve or not
- MimbleWimble has been working on the testnet for 3 months
The code to Litecoin’s potential MimbleWimble (MWEB) upgrade will probably be full on the fifteenth of March. On this date, the code to the MWEB protocol will probably be prepared for last overview and formal auditing. On the time of writing, MimbleWimble has been working easily on the Litecoin testnet for the final three months.
MimbleWimble’s core developer, David Burkett, not too long ago updated on the progress of the challenge as follows.
I suppose I’ll simply kick the can slightly bit additional down the highway, and shoot for launching a group testnet someday after the code is accomplished this month. There’s nonetheless a ton of labor left to do earlier than the code overview might be submitted, however I stay assured & dedicated to assembly the March fifteenth objective.
MimbleWimble Will likely be an Choose-in Function if Applied
As soon as the MimbleWimble code is reviewed and audited, Litecoin miners will then have the ultimate say as as to whether the improve will probably be carried out or not.
According to the workforce at Litecoin, MimbleWimble will probably be an opt-in function for LTC customers. It would run on the MW chain separate from the principle Litecoin chain. This chain will present the advantages of improved fungibility and privateness.
No Have to Delist Litecoin if Governments Come Calling
As with all upgrades, Litecoin pockets builders and crypto exchanges can have full discretion as as to whether to implement the MimbleWimble or not.
Sooner or later, if governments decide to crack the whip on Litecoin stating it’s a privateness coin, the identical crypto exchanges and wallets can have the choice of now not supporting the MimbleWimble extension block. Which means that delisting Litecoin is not going to be vital because the LTC predominant chain is a separate entity utterly.
