Summary:Code to Litecoin’s MimbleWimble will be ready by Q1 of 2021 Activation will soon follow depending on the Litecoin community and miners Litecoin has soared by over 211% in Q4 of 2020 Litecoin could continue to gain in the markets as investors look for digital assets that do not resemble securities
The final code for Litecoin’s MimbleWimble protocol will be ready by the first quarter of 2021. This is according to the lead developer of the project, David Burkett who updated on the progress via the following tweet.The code will be ready and merged Q1 2021. Activation timeline will be decided by users & miners. — David Burkett (@DavidBurkett38) December 28, 2020 Working Code is Available on Github
Mr. Burkett also explained that the activation timeline will be decided by the Litecoin community as well as LTC miners. He also revealed that there is already working code of Litecoin’s MimbleWimble on Github.I first attempted to design a secure way to support one-sided mimblewimble transactions back in January. Nearly one year and a dozen or so design iterations later, we finally have working code! (The code can be found here.) Litecoin has Gained by 211% in Q4 of 2020
In terms of price, Litecoin has quietly exhibited impressive gains in the fourth quarter of 2020. October 1st found Litecoin trading at $45. Also known as Bitcoin’s little brother, Litecoin went on to post a one year high of $140 on the 27th of December. This is an impressive 211% increment in value that also helped Litecoin briefly edge out XRP from the number 4 spot on Coinmarketcap.
Regarding the latter, this was achieved when XRP dropped to as low as $0.17 due to selling associated with exchanges such as Coinbase, Bitstamp and Bittrex, announcing that they will be halting trading of the remittance coin next month.Litecoin Could Provide an Alternative to those Fearing Other Altcoins are Securities
At the time of writing, Litecoin is tra...