LTC MimbleWimble Implementation Helping Privacy Journey According To Grin Developer

Tasked with integrating new privacy features in the Litecoin protocol, David Burkett, a Developer on the Grin project, has come up with a thread for more updates on the LTC MimbleWimble implementation every month. On top of this, he has also announced his progress on the plan to bring in more features on confidentiality to the cryptocurrency, which currently sits around the $45 mark at the time of writing.

On Twitter, Burkett said:

“I’ll be posting monthly status updates detailing progress on the LTC MW EB (YAY acronyms). This is geared toward those interested in LTC development, but will also talk a lot about Grin++ changes, so it may be interesting to Grinners as well.”

Burkett was provided with funding from the Litecoin Foundation back in October. This was to help the implementation and extension blocks - this is a feature that would give users the go-ahead to send private information on LTC transactions using the privacy-centric MimbleWimble protocol.

As per CryptoSlate:

“Burkett, Litecoin creator Charlie Lee, and major Litecoin contributor Andrew Yang co-authored two proposals earlier this year, LIP-0002 and LIP-0003, that argued the Litecoin protocol’s current level of transparency decreases the fungibility of LTC — coins could potentially be blacklisted in a ‘government-regulated merchant world” if they were deemed to be involved in suspicious transactions.’”

Litecoin enthusiasts have typically given the thumbs up to the plan as to add privacy features but yet the integration may have a knock-on effect to Litecoin’s goal to become a “better payment option” for “everyday purchases.” 

A number of top platforms in recent months have been de-listed privacy coins. This is down to an increased pressure from regulators.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!