#Litecoin mweb news upgrade#

They tend to get into LTC with atomic swaps or just by buying/ trading for LTC, use MWEB. They are in to atomic swap in and out of Litecoin to transfer the assets with MWEB. Several investors are looking for (fungibility) privacy. MWEB is bigger not only for LTC, but also for BTC holders. Read more Litecoin (LTC) Fungibility Privacy Release The first LTC release containing MWEB code. It is very clear that they will not suffer. Therefore, even with Opt-in the risk can be efficiently managed by the exchanges and therefore there is no need for apprehensions as to whether Litecoin will suffer due to privacy regulations when it implements Mimble Wimble. Privacy coin evangelists feel that by making use of blockchain monitoring and regulatory compliance mechanisms it will be possible to identify the risk factor of the transaction to further permit the next set of transactions, thus using risks scores to ensure safety. However, studies show that the crime risks associated with such privacy coins are in reality arguably low. MWEB Feature: The Litecoin development team has recently announced an MWEB feature that would allow users to make confidential transactions. This is because they feel that lot of financial crimes might happen in privacy transactions. It grew 4.1 to reach 1,903 at the time of writing. “OPT IN” coins are coming under the close scrutiny of regulators who are trying to group all the privacy coins under one umbrella. Ethereum (ETH) outpaced the world’s favorite cryptocurrency this week.

#Litecoin mweb news upgrade#

The Upbit exchange noted that it reached out to the Litecoin Foundation to understand the upgrade that would bestow privacy upon the transactions made on the network. However, when the users want to make a privacy transaction they can do so. The MWEB upgrade was announced earlier this year, but it had been proposed nearly two years back. Unless the users “OPT In” for privacy, most of these transactions will be visible on the blockchain just like any other blockchain transaction. Wondering why the community are apprehensive when there are several other OPT In Privacy coins.” Read moreįor clarity on “OPT In” privacy coins, these coins permits the users to decide whether they want to make a transaction visible on the blockchain or otherwise. Read moreĬommenting, Sydney Ifergan, the crypto expert opined: “The MWEB LTC “OPT in” feature is indeed brilliant making stuff flexible. However, it is important to note that just because a coin is opt in this need not be delisted as there have been several other opt in coins listed in the exchanges. Whether it will be good to put the MWEB upgrade on hold until more of such details are known is a point in discussion among community members. Will Litecoin suffer due to privacy regulations when it implements Mimble Wimble? This question is happening within the community because unlike most privacy coins that were labeled as such, Litecoin's MWEB is 'OPT IN' so if the exchanges doesn't want to support the MWEB coins they don't have to and they need to just stick with the regular LTC. Litecoin’s MWEB 'OPT IN' Will not lead to LTC Suffering in Cryptocurrency Exchanges Litecoin’s MWEB 'OPT IN' Will not lead to LTC Suffering in Cryptocurrency Exchanges