MimbleWimble Update is Activated on Litecoin Network

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The MimbleWimble Extension Block (MWEB) update has been activated on the Litecoin main network today at approximately 05:30 CET, according to the creator of the project Charlie Lee.

MimbleWimble is a protocol with high scalability and increased privacy. It uses several technologies, including confidential transactions and CoinJoin, which hides the inputs and outputs of senders and receivers, and combines many transactions into one.

The developers of Litecoin announced the readiness of MWEB in February. In March, they deployed a new version of the Litecoin Core 0.21.2 client to the testnet, which includes updates to MWEB and Taproot.