MimbleWimble is a blockchain protocol that enhances privacy and scalability
MWEB is an implementation of MimbleWimble on the Litecoin network through extension blocks. Extension blocks are an additional layer of blocks that run alongside the main blockchain. They allow users to opt-in to enhanced privacy and fungibility features without affecting the main Litecoin blockchain.
Privacy: Transactions in MWEB are confidential, hiding transaction amounts and addresses.
Scalability: MWEB reduces blockchain bloat by consolidating transactions, making the network more scalable.
In our previous discussion, we covered the three basic types of Litecoin addresses. Each of these addresses is publicly available on the blockchain, allowing anyone to view all incoming and outgoing transactions associated with them. This level of transparency may not be suitable for enterprise-grade institutions that prefer to keep their financial activities confidential. MWEB brings significant improvements to the Litecoin network, enhancing privacy, fungibility, and scalability. By integrating MimbleWimble through extension blocks, Litecoin offers users the option to conduct confidential transactions without sacrificing the efficiency and robustness of the main blockchain.
MWEB addresses typically begins with "ltcmweb1qq"
Whether you're a developer, a business, or an individual looking to enhance your transaction privacy, MWEB provides a powerful toolset within the Litecoin ecosystem. As adoption grows, MWEB is set to become a cornerstone of Litecoin’s ongoing commitment to innovation and security. For use cases, read more..