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John Kim Says Bitcoin Community Will Utilise Mimblewimble on Litecoin

 
John Kim Says Bitcoin Community Will Utilise Mimblewimble on Litecoin
Breaking News / Bitcoin / Litecoin
  • The Mimblewimble integration on Litecoin is one of the most highly anticipated events the LTC community is excited for at the minute.
  • Following the Grin Developer, David Burkett joining the project, the community is very open in their support for the move to implement Mimblewimble. 

The Mimblewimble integration on Litecoin is one of the most highly anticipated events the LTC community is excited for at the minute. Following the Grin Developer, David Burkett joining the project, the community is very open in their support for the move to implement Mimblewimble. 

John Kim, the so-called Chief Litecoin ‘Evangelist’, has talked about the Mimblewimble protocol on the Bad Crypto Podcast. He went onto discuss the privacy protocol, saying that if it has an extension block with “opt-in is like a sidechain.” 

He continues:

“Litecoin onchain transaction is like a car running on an open public highway but Mimblewimble is like a car that can exit into a road that runs parallel with the public highway but it’s a tunnel, so it covered. So you can either go on the public highway or you can go into the tunnel where it’s covered and you can’t see anything.”

Furthermore, Kim then went onto discuss that there were many people in the Bitcoin community who wish for privacy. He adds that in the future, people from the Bitcoin community will actually be utilising Mimblewimble on Litecoin thank to atomic swap.

“So, they can use their money in a private way. so I think it’s another plus for Litecoin going forward because Litecoin and Bitcoin is gonna be compatible on the Lightning Network. So, with atomic swap going they’re gonna be able to use privacy if they don’t want to reveal how many coins that have or want more privacy”

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

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