Litecoin with MimbleWimble

i like privacy coins, mainly because they reduce our support of violence.

Litecoin has introduced a MimbleWimble extension block, which runs as a sidechain. It is optional to use, thereby likely to prolong LTC listings on Centralised exchanges (read - under government control at least to some extent, and therefore violent).

From reading the following article, although using LTC with MW is better, it's only a partial solution.

To address Litecoin's limited fungibility, the developers chose to integrate the Mimblewimble (MW) protocol as Extension Block (EB). MWEB can be viewed as a second chain that runs together with the main chain, similar to a multi-lane highway. Traffic on both lanes flows at exactly the same rate. It is possible to switch from one lane to the other at any time. One can either transact on the Litecoin main chain without ever having to switch to the MWEB or, conversely, one can stay on the MWEB. The MWEB is an opt-in system, the use is voluntary.

On the surface, MWEB is a real advance and selling point, but on closer inspection, MWEB cannot deliver what is promised. Optional anonymity is not real anonymity, because at the time when you switch from the main chain to MWEB, you are still identifiable and thus make yourself suspicious.

Image and quote source

i particularly like the following privacy coins:

Verus, Oxen, Epic, Safecoin, Lethean, Conceal.

How about you?

Sat Nam
Atma

ps.
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All photos taken by me with Redmi Note 9 Pro (unless noted otherwise)

#teamuk #proofofbrain #palnet #matrix8 #PGM #OneUp #m8s #matrix8fixesthis #thoughtfuldailypost

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