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Other supporters and contributors included Andrew Yang, who helped with the Litecoin Improvement Proposal, and Hector Chu, who made extensive code reviews.Īccording to CoinGecko, Litecoin is the 22nd largest cryptocurrency in the world with a market capitalization of $8.58 billion. Meanwhile, Charlie Lee, the founder of Litecoin, said that this implementation has been a true community effort based on donations from Litecoin supporters from all over the world. The optional confidentiality MWEB provides gives the user notable and needed protections for small everyday items, to salaries or even buying a home.” “MWEB is a crucial next step in Litecoin’s evolution.
Mweb litecoin update#
It is also worth taking into consideration that the new update has also included Taproot.Ībout the recent update, David Burkett said: His work included development, testing, reviewing and auditing alongside dozens of other contributors. The lead developer behind Litecoin’s implementation of Mimblewimble Extension Block is David Burkett, who worked for several years in order to enhance Litecoin’s blockchain.
This could help Litecoin become one of the most used digital payment instruments in the market.
Mweb litecoin upgrade#
Moreover, the Litecoin Foundation explained that the MWEB upgrade is an opt-in feature that makes Litecoin the most fungible cryptocurrency in the space. Litecoin Foundation ⚡️ January 31, 2022 #MWEB is set to be the largest upgrade to the Litecoin network ever, promising to provide fungibility for all, while improving Litecoin's scalability. According to a recent tweet published by the Litecoin Foundation, MWEB is the largest upgrade to the Litecoin network ever, promising to provide fungibility for all and improve Litecoin’s scalability. Due to the large growth and expansion of other blockchain networks such as Solana (SOL), Terra (LUNA), Avalanche (AVAX) and Dogecoin (DOGE), Litecoin lost its position as one of the top 20 digital currencies in the market.ĭespite this, Litecoin developers have been working very hard over the last years in order to add Mimblewimble through extension blocks to the Litecoin network, bringing fungibility to LTC transactions. We are talking about Litecoin, which has been one of the most popular cryptocurrencies over the last few years. The cryptocurrency market forgot about an old player in the space. Litecoin Adds Mimblewimble Extension Blocks (MWEB) There were over 5. Litecoin celebrated its 10th birthday on October 13 10 years of continuous uptime a milestone for all of crypto. Top NFT Stocks To Invest In The NFT industry 321,000 Litecoin addresses were active on average per day, reaching a peak of 698,672.
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How To Buy NFTs On Open Sea? A Step By Step Guide.What is an NFT? The Ultimate Guide To Non-Fungible Tokens.After a decline of 83.23% from its ATH of $412.96, the token appears to be positioned for a slow recovery with the MWEB upgrade. Let there be ‘lite’įollowing several weeks of recording losses, the MWEB upgrade to Litecoin’s Network came with good tidings for the HODLers of the LTC token. However, the coin appears to be making a recovery two days after the implementation of the long-awaited MWEB upgrade. Prior to the upgrade, the price of the Network’s native token, LTC, was ailing. While it is trite that native tokens barely exhibit any positive reaction to news of their networks’ upgrade, the bloodbath that plagued the cryptocurrency markets in the last few weeks have made it even more difficult for positive movement in the LTC token even in the face of the much-anticipated upgrade. The upgrade, which was completed at the Litecoin block height of two million, promised that privacy will be guaranteed as users complete transactions on the Litecoin Network. On 19 May, Litecoin finally launched its new MimbleWimble (MWEB) upgrade after years of development.
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