Litecoin News Today – Litecoin’s Mimblewimble Integration Sees Codebase Progress – May 5th, 2020

  • Litecoin’s Mimblewimble integration sees Codebase progress
  • Lead developer on Mimblewimble has built a testing framework
  • The protocol improves Blockchain privacy, fungibility, and scalability

Litecoin news today – Litecoin has made the news once again for good reasons. This time it is a protocol that has been in progress for over 4 years. According to reports, Litecoin developer David Burkett has recently posted a progress update for April regarding Litecoin’s Mimblewimble integration. The developer claims that his team has built a testing framework and have begun Codebase integration. This latest milestone for the Litecoin network is a step towards drawing in more adoption and making the protocol stay relevant in the digital asset space.

Litecoin News Today – Burkett Has Run Some End-to-end Validation Tests

According to a report on the matter issued on May 1, the project created to implement the MW privacy enhancements to the Litecoin network has reached a very important milestone on the build of a test-bed. The lead developer claims that he has run several end-to-end validation tests via the framework. In his words:

“I have built a functional testing framework designed to create valid headers, transactions, and blocks. I have now gotten several complete end-to-end block validation tests.”

Per an earlier report from March, Burkett also predicted that Litecoin’s MW protocol would be running via the Litecoin testnet by summer end this year. The team and community acknowledged that the move is a significant step towards achieving the goal of running MW on the Litecoin testnet.

Litecoin News Today – About MW’s Codebase Integration

Burkett has started to integrate his work into the Litecoin Codebase. He will initially focus on the ConnectBlock logic. This is the part of the code that validates blocks before they are added to the chain. While Burkett remains unsure of which particular area to tackle in the next phase of integration, he stated that his plan involved continued Codebase integration and more testing. Finally, Burkett gave an update on his other protocol called Grin++ which just achieved launch candidate v1.0.0 status its “first non-beta version.” Note that Grin++ featured the first implementation of the MW, in January of last year. The Mimblewimble project was first announced in 2016.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$345.41

At the time the protocol’s white paper (titled by an individual regarded as Tom Elvis Jedusor) appeared on one Bitcoin research channel. Now 4 years on the protocol has come closer to running. The protocol is designed to improve privacy, scalability, and fungibility on the Blockchain network by combining transactions in a CoinJoin. When this is done, blocks on the network will comprise a list of the entire output, and input, signature data to obscure transaction data for third party’s monitoring the Blockchain.

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