Ahead of the all-important the MimbleWimble (MWEB) update, the whales appear to be steadily eyeing Litecoin. The upgrade will allow transactions with the new MWEB privacy features.
MimbleWimble Protocol Features
The MWEB protocol allows for addition of confidential transactions on the Litecoin blockchain. Besides, the protocol reduces unwanted data on transactions from the blocks.
Charlie Lee, the creator of Litecoin, announced in a tweet that MWEB would be activated on Thursday.
“MWEB is currently estimated to activate on 5/19. We are thinking of doing a livestream event to celebrate activation. Stay tuned for more details soon.”
David Burkett, the Litecoin update’s lead developer, said to the node operators,
