Lead developers at Litecoin have confirmed the official release of Mimblewimble Extension Block (MWEB) upgrade, which boosts the security and privacy of transactions on the Litecoin network.
The upgrade is optional and will improve the user’s privacy in the network. The network users that decide to activate the upgrade will be able to have complete privacy in the following information: the amount of crypto sent, sender, and recipient’s address.
David Burkett, MWEB’s lead developer (sponsored by the Litecoin Foundation), believes the upgrade will position Litecoin as one of the most sound currencies in the world: “MWEB is a crucial next step in Litecoin’s evolution. The optional confidentiality MWEB provides gives the user notable and needed protections for small everyday items, to salaries, or even buying a home.”
Charlie Lee, the creator of Litecoin, added: “The planning, development and now activation of MWEB has been a true community effort, beginning with multiple years of donations from Litecoin supporters all over the world, and culminating with the dedication and attention to detail of David Burkett; who led the project. It also involved key contributors like Andrew Yang who helped with the original Litecoin Improvement Proposal, Hector Chu’s essential code reviews, and the countless others who audited, advised, and ran testnet nodes. This project is a true testimony to the resiliency and continued growth of the Litecoin community.”