Litecoin Creator Lee Said Mimblewimble Will Be Better Than Bitcoin In Terms Of Scaling

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.
  • Litecoin (LTC) is going to become the privacy coin in the upcoming future, as mentioned by Charlie Lee.
  • Charlie lee believes the implementation of MW protocol might help Litecoin for reaching their halfway destination.

Litecoin (LTC) is going to become the privacy coin in the upcoming future, as mentioned by Charlie Lee. Some time back lee also on-boarded David Burkett, one of the Grins best developers for the implementation of MimbleWimble [MW] protocol and to maintain the scalability and privacy on the network by using extension blocks.

Also, in his recent interview lee said that among the different properties of litecoin,

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fungibility is the one which is missing from the network also lee mentioned that the implementation of the MimbleWimble protocol might help Litecoin for reaching their halfway destination.

The grins developer David announced the community project, which was incited on 29 Dec last year. Lee also announced their upcoming plan and the release of soft-fork. In this program, litecoin is going to integrate the MW protocol, and this integration will be introduced as soft-fork.

Among all the major concerns for blockchain, scalability always is the topmost priority. As lee said after the development, MW will be in a better position than bitcoin in terms of scalability. Also, he mentioned that the protocol is not going to sacrifices scalability to provide privacy and fungibility. And it’s going to be quite impressive how this one is going to work.

David also shared his plan among the community, that hope he is going to restructure the core logic among the litecoin and Grin++ and even goig to share some important factors, including Logging serialization, crypto, common data structure, and error handling. Also, they shared their plan for the upcoming year, which include determining the building method. Also, litecoin is going to define all it’s models. In the forthcoming years, litecoin is going to move its database on the libmw-core, which is one of the partial redesigns of Grain++.

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