Discover and read the best of Twitter Threads about #mweb
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Litecoin has made history with the activation of #MWEB. Here’s a thread on why *I* believe it’s a pivotal/critical advancement (not just for $LTC) and how it will positively impact every day people. (As always keep in mind I am non-technical) 🧵1/14
What: #MWEB (MimbleWimble Extension Blocks) is the largest upgrade to the Litecoin network ever. In short, MWEB allows #Litecoin transactions to be sent with additional ‘privacy’, i.e: allowing users to transact amounts ‘confidentially’ 2/14
Importantly, MWEB is opt-in. Users can still use the ‘public’ Litecoin if they wish. That said, as comprehension, adoption and more user-friendly infrastructures appear, it’s my belief that Litecoin+MWEB's ‘cash-like’ properties will be of huge benefit to everyday people 3/13
*What is Litecoin's "MWEB?"*
Intro:
1) #Litecoin is closely approaching its second major deviation from Bitcoin--the first being Litecoin's implementation of SegWit prior to BTC in '17 and, the second being #MWEB (Mimblewimble Extension Blocks), which is nearing its release.
Intro:
1) #Litecoin is closely approaching its second major deviation from Bitcoin--the first being Litecoin's implementation of SegWit prior to BTC in '17 and, the second being #MWEB (Mimblewimble Extension Blocks), which is nearing its release.
2) MWEB is the *largest* upgrade to the Litecoin network there's ever been, headed not by BTC devs but, rather by Grin ++ (an MW protocol) developer @DavidBurkett38.
MWEB is set out to improve two key features lacking from Bitcoin and Litecoin--fungibility and privacy.
MWEB is set out to improve two key features lacking from Bitcoin and Litecoin--fungibility and privacy.
3) "Fungibility", what's that? It's one unit of account being exactly equal to another. E.g. One intact dollar bill is equivalent to another $1 bill, they're directly interchangeable. One oz. of gold is equal to another oz. of gold, etc. "But wait, isn't 1 LTC/BTC = 1 LTC/BTC"?
