Privacy-focused altcoin Beam will execute its second hard fork on June 28, upgrading the network’s PoW algorithm from BeamHash II to BeamHash III
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Privacy Altcoin Beam to Execute Second Hard Fork in June 2020
Category: Mimblewimble
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Developer Predicts Litecoin Mimblewimble Testnet Launch by September
The Litecoin Project began implementing MimbleWimble last year to bolster Litcoin’s privacy capabilities
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MimbleWimble Support for Litecoin Continues to Progress
Litecoin is often referred to as a mere copy of Bitcoin. That is rather unfair sentiment, primarily because there are plenty of developments taking place. One of those ongoing developments is known as MimbleWimble. Litecoin’s Implementation of MimbleWimble Progresses Nicely While not unique to Litecoin, significant progress on implementing this solution has been made in recent months. In the latest update, some more details have been released. One drawback to MimbleWimble is how the recipient must be online when a transaction is sent. This is required for communication over this protocol. Developer David Burkett will submit a proposal in the
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Litecoin’s MimbleWimble Privacy Upgrade is Bitcoin Friendly
Litecoin has undertaken to create a new privacy upgrade, using techniques that were initially developed for Bitcoin. The proposal will enable users to access an opt-in privacy software by making MimbleWimble transactions on an Extension Blocks kind of side-chain. Litecoin’s MimbleWimble privacy upgrade is Bitcoin friendly, so let’s take a look at some of the implications of this plan, as well as answer the question “what is Litecoin?”. What is Litecoin? So, what is Litecoin? Litecoin, and it’s coin LTC, is an open-source blockchain and cryptocurrency that originated from a software fork of the Bitcoin blockchain. According to eToro, “Litecoin
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Litecoin-Funded Grin Developer Challenges Mimblewimble’s Privacy Issue
A Litecoin Foundation-funded developer at Grin suggests a solution for fixing the “Achilles heel of Mimblewimble privacy”
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MimbleWimble is not the Secure Privacy Implementation you Think it is
A lot of cryptocurrency enthusiasts have high hopes for the MimbleWimble protocol. It would unlock additional privacy features, not just for Grin, but other coins implementing this technology in the future. In a recent post by Ivan Gobatyy, however, it becomes apparent there are some key flaws associated with the privacy aspect of this technology. MimbleWimble has a Privacy Problem He explains how it is possible to uncover the addresses of senders and recipients of the Grin currency in real-time. What is even more astounding is how it would only cost $60 per week through Amazon Web Services to obtain
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Researcher Breaks Grin’s ‘Privacy’ Spending Just $60 Per Week
A researcher was able to uncover 96% transactions of Mimblewimble’s privacy-centric coin Grin using $60 per week on AWS
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Litecoin Foundation Pitches Opt-In MimbleWimble Via Extension Blocks
The Litecoin Foundation has published two new draft Litecoin Improvement Proposals that aim to enhance privacy and protect users from government and merchant interference
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Litecoin Developers Mull Using Extension Blocks and MimbleWimble
When it comes to cryptocurrency development, altcoins are often considered test cases for technology that could benefit Bitcoin. Litecoin is often the go-to testing ground in this regard. It appears the popular altcoin will get its own MimbleWimble implementation. Two separate improvement proposals have been made public on GitHub. Extensions Blocks are an Option Scaling cryptocurrencies remains one of the more pressing matters in the industry today. Several altcoins have tried multiple approaches to achieving this goal. Unfortunately for them, they do not see a transaction volume on the scale of Bitcoin, thus it remains to be seen if any
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Recapping the First Three Years of MimbleWimble Development
It has been three years since the MimbleWimble concept was first introduced as a solution to scale Bitcoin. With the whitepaper now dating back three years, it is a good time to see how far the development of this project has come. There is still plenty of work to be done, although it seems things are heading in the right direction. From Whitepaper to Beam On July 19 of 2016, a lot of people took notice of the MimbleWimble whitepaper. It offers a lot of potentially great concepts and ideas which would benefit the cryptocurrency industry as a whole. At
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