According to Mr David Burkett, an engineer working on the development of the MimbleWimble protocol introduction to Litecoin (LTC), 75 percent of Litecoin miners are indicated to facilitate the upgrade implementation.
It looks like more than 75% of miners are now signaling for MWEB. If this continues, it should move to LOCKED_IN status at height 2,257,920, and then will be ACTIVE at height 2,265,984.
— David Burkett (@DavidBurkett38) April 14, 2022
Litecoin (LTC) MimbleWimble upgrade
MimbleWimble (MWEB) is a technology for transaction encryption that will increase the privacy of the renowned cryptocurrency Litecoin (LTC). The upgrade has been in the works for over three years. The blockchain can see the new upgrade in “Active” status until attaining the block height of 2,265,984 as a result. According to fans of Mr David Burkett, that may happen in 35 days. Since November 2019, Mr Burkett has been concentrating on this upgrade. If this procedure is completed by mid-May 2022, MWEB installation will take 31 months.
This eagerly awaited release will allow Litecoin (LTC) users to have their transactional data concealed. All crucial data of transactions, like with major privacy currencies Monero and ZCash, will be hidden from third parties.
Charlie Lee, the inventor of Litecoin (LTC), previously revealed that Antpool was the first mining pool to declare support for MimbleWimble.
1/ We're very excited to announce this partnership with @AntPoolofficial.
We first approached AntPool last month to talk about MWEB signaling. They were very enthusiastic about supporting Litecoin. And as you know, they were the first pool to upgrade and signal for MWEB. 🎉 https://t.co/uWNp5ovDLA
— Charlie Lee (@SatoshiLite) April 5, 2022
The Litecoin Foundation, in collaboration with mining veterans Antpool, has founded LTC Labs, a crypto and blockchain research laboratory. The group will foster innovative Litecoin (LTC) ecosystem goods. According to the official release, Antpool will contribute 50 percent of its LTC mining pool profits to LTC Labs.