![]() ![]() This dynamic really makes one believe that LTC may have a second life of sorts thanks to MimbleWimble. The price of Bonk today is about 0.0000004899, with a 24-hour trading volume of 9.58 M. It is also worth noting that the May 2021 peak was only slightly higher than the previous peak in December 2017, when it exceeded $350 for the first time. In addition, we see that Bonk’s founders remain anonymous. In recent months, it has followed much the same trend as the price of ETH, with -27% in the last 30 days. Litecoin (LTC) has released its long-awaited fungibility and scalability upgrade Mimblewimble Extension Block (MWEB) after almost two years of development, testing, and auditing. Mimblewimble MWEB integration in Litecoin LTC. 2 days ago &0183 &32 Meanwhile, the price of Litecoin (LTC 0.53) was 8.7 higher, while Solana (SOL 0.14) was up by roughly 6.4. With this opt-in feature, Litecoin will likely become the most fungible, cash-like, cryptocurrency in the space - warranting its position as one of the most used digital payments instruments on. It id a name for a series of upgrades that the project has performed. MWEB lead developer David Burkett, whose sponsored by the Litecoin Foundation. MWEB is set to be the largest upgrade to the Litecoin network ever, promising to provide fungibility for all, while improving Litecoins scalability. LTC’s current price is 74% lower than the all-time high of $410 recorded in May 2021, and is even 20% lower than it was twelve months ago. After years of work, Litecoin has now transitioned to MWEB. Thus, it is expected to turn LTC’s relative success over the years as a transactional currency into a starting point to impose it on the market as the main high-privacy cryptocurrency. It is enough to think that the transactions recorded daily on Monero’s blockchain rarely reach 40,000. Now the idea is to make it a cryptocurrency with a high level of privacy, also because it is already much more widely used than the most famous among similar cryptocurrencies, namely Monero (XMR). In other words, LTC as a transactional alternative to BTC has failed. It is enough to think that currently there are rarely more than 150,000 transactions registered per day on the Litecoin blockchain, compared to over 200,000 for Bitcoin. However, from this point of view, it has recently lost a lot of appeal, also and above all thanks to the success of Lightning Network. Litecoin was even born in October 2011, which is less than three years after Bitcoin, and has always proposed itself as a transactional alternative to BTC with faster transactions. ![]() Litecoin was born as an alternative to Bitcoin The evolution of Litecoin The fact is that this update took a good two years of development, but it will finally allow transactions with a higher level of privacy. Since memecoins began launching on Dogecoin and Litecoin earlier in May, the number of transactions have skyrocketed, reaching new all time highs for both chains. It’s been many months now that there have been discussions about this long-awaited update for Litecoin, a project that in recent times had remained a bit in the shadows, due to a poor evolution. So, for now there is just the code presumably definitive that will be tested in the coming months, and if the tests are successful, this code will be implemented in the mainnet. The code will be released today, while the activation of the mainnet will take place in a few months. The MimbleWimble code implemented on Litecoin. The MimbleWimble code implemented on Litecoin.
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