Litecoin’s Pivotal MWEB Upgrade Is Now Released

According to a blog released by Litecoin Foundation today, David Burkett, the lead developer behind Litecoin’s Mimblewimble Extension Block (MWEB) upgrade, has confirmed that MWEB has now been officially released as a ‘RC’, following an intense multi-year process of development, testing, reviewing and auditing, along with the help of dozens of key contributors. MWEB will be included as part of the Litecoin Core 0.21.2 release candidate, which also includes the security and privacy enhancing Taproot upgrade.

This release comes after Quarkslab, a respected security and code auditing company, completed a review/audit of the MWEB code, commenting, “The protocol provides valuable new security enhancements about the privacy of transactions on the blockchain”.

Once miners receive the completed code, they may begin signaling for MWEB activation right away. Once the threshold is met, the activation date will be locked in and as a result, MWEB will go live.

Burkett believes the upgrade will position Litecoin as one of the most sound currencies in the world.  “MWEB is a crucial next step in Litecoin’s evolution. The optional confidentiality MWEB provides gives the user notable and needed protections for small everyday items, to salaries, or even buying a home”, says Burkett.

By Amy Liu

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