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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h288">Litecoin to fund David Burkett to implement MW</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h34">Charlie Lee determined to make LTC more private</a></li></ul>
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    Contrary to reports that Litecoin chain has given up developing which emerged earlier this year, on October 30, Charlie Lee said on his Twitter page that the Foundation is going to hire a Grin++ developer&nbsp;David Burkett to lead a team to implement the MimbleWimble protocol and Extension Blocks.
    
    Earlier, the media reported that three people, including <a rel="nofollow" target="_blank" href="#/news/litecoin-founder-charlie-lee-ltc-is-highly-traded-and-brings-in-a-lot-of-revenue-to-exchanges">Charlie Lee</a> and David Burkett, proposed the implementation of the MimbleWimble protocol (the title comes from the world-popular fantasy books about Harry Potter) to make LTC more fungible by means of Extension Blocks.
    
    <blockquote class="twitter-tweet">
    [Update on MimbleWimble &amp; Litecoin]: <a rel="nofollow" target="_blank" href="https://twitter.com/ecurrencyhodler?ref_src=twsrc%5Etfw">@ecurrencyhodler</a>, <a rel="nofollow" target="_blank" href="https://twitter.com/DavidBurkett38?ref_src=twsrc%5Etfw">@DavidBurkett38</a>, &amp; <a rel="nofollow" target="_blank" href="https://twitter.com/SatoshiLite?ref_src=twsrc%5Etfw">@satoshilite</a> have proposed a draft of two Litecoin Improvement Proposals to implement MimbleWimble through Extension Blocks.
    
    LIP-0002 EB:<a rel="nofollow" target="_blank" href="https://t.co/u2ORFy6yfD">https://t.co/u2ORFy6yfD</a>
    
    LIP-0003 MW:<a rel="nofollow" target="_blank" href="https://t.co/u2ORFy6yfD">https://t.co/u2ORFy6yfD</a>
    — Litecoin Foundation (@LTCFoundation) <a rel="nofollow" target="_blank" href="https://twitter.com/LTCFoundation/status/1186652141089427456?ref_src=twsrc%5Etfw">October 22, 2019</a></blockquote>
    
    
    Litecoin to fund David Burkett to implement MW
    
    In today’s tweet, Charlie Lee spread the word that David Burkett, a Grin++ Network developer, is going to be funded to lead a dev team to work on adding the MimbleWimble (MW) protocol through extra running blocks onto the Litecoin chain.
    
    <blockquote class="twitter-tweet">
    Thanks <a rel="nofollow" target="_blank" href="https://twitter.com/DavidBurkett38?ref_src=twsrc%5Etfw">@DavidBurkett38</a>! Your presentation on MimbleWimble and Extension Blocks was awesome. ?
    
    Good news! <a rel="nofollow" target="_blank" href="https://twitter.com/LTCFoundation?ref_src=twsrc%5Etfw">@LTCFoundation</a> will fund David to lead the team on implementing MimbleWimble and Extension Blocks on Litecoin and also for continuing his work on Grin++. ? <a rel="nofollow" target="_blank" href="https://t.co/wyEID7aQuo">https://t.co/wyEID7aQuo</a>
    — Charlie Lee [LTC⚡] (@SatoshiLite) <a rel="nofollow" target="_blank" href="https://twitter.com/SatoshiLite/status/1189440027257737217?ref_src=twsrc%5Etfw">October 30, 2019</a></blockquote>
    
    
    MimbleWimble offers a new format of Confidential Transactions working through so-called <a rel="nofollow" target="_blank" href="https://litecoin.com/en/news/the-litecoin-mimblewimble-extension-block-proposal-has-been-published">extension blocks</a>. Those work alongside the main blockchain and the interval is the same – around 2.5 minutes.
    
    <blockquote>
    “An auxiliary block is created for each main block. Auxiliary block looks like a traditional block without the header.”
    </blockquote>
    
    MW was first suggested by a <a rel="nofollow" target="_blank" href="#/news/bitcoin-developer-peter-todd-claims-ethereum-is-scammy-project-and-massive-stock-offering">BTC developer</a>, Johnson Lau, on Github, and described as a way to efficiently increase the size of blocks without any rules on the network to be changed.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Charlie Lee determined to make LTC more private
    
    In late January this year, Charlie Lee publicly addressed the issue of Litecoin fungibility, saying that due to blockchain operations on Litecoin being transparant, risks are high that transaction details can be made available to governmental agencies. He tweeted that fungibility is the only thing that both Bitcoin and Litecoin do not have at the moment.
    
    <blockquote class="twitter-tweet">
    Fungibility is the only property of sound money that is missing from Bitcoin &amp; Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy.
    
    I am now focused on making Litecoin more fungible by adding Confidential Transactions. ?
    — Charlie Lee [LTC⚡] (@SatoshiLite) <a rel="nofollow" target="_blank" href="https://twitter.com/SatoshiLite/status/1089935081337085952?ref_src=twsrc%5Etfw">January 28, 2019</a></blockquote>
    
    
    
    
    <em>What are your thoughts on Litecoin introducing MW? Feel free to share them in the comment section!</em>
    ') (Line: 1086)
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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h288">Litecoin to fund David Burkett to implement MW</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h34">Charlie Lee determined to make LTC more private</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    Contrary to reports that Litecoin chain has given up developing which emerged earlier this year, on October 30, Charlie Lee said on his Twitter page that the Foundation is going to hire a Grin++ developer&nbsp;David Burkett to lead a team to implement the MimbleWimble protocol and Extension Blocks.
    
    Earlier, the media reported that three people, including <a rel="nofollow" target="_blank" href="#/news/litecoin-founder-charlie-lee-ltc-is-highly-traded-and-brings-in-a-lot-of-revenue-to-exchanges">Charlie Lee</a> and David Burkett, proposed the implementation of the MimbleWimble protocol (the title comes from the world-popular fantasy books about Harry Potter) to make LTC more fungible by means of Extension Blocks.
    
    <blockquote class="twitter-tweet">
    [Update on MimbleWimble &amp; Litecoin]: <a rel="nofollow" target="_blank" href="https://twitter.com/ecurrencyhodler?ref_src=twsrc%5Etfw">@ecurrencyhodler</a>, <a rel="nofollow" target="_blank" href="https://twitter.com/DavidBurkett38?ref_src=twsrc%5Etfw">@DavidBurkett38</a>, &amp; <a rel="nofollow" target="_blank" href="https://twitter.com/SatoshiLite?ref_src=twsrc%5Etfw">@satoshilite</a> have proposed a draft of two Litecoin Improvement Proposals to implement MimbleWimble through Extension Blocks.
    
    LIP-0002 EB:<a rel="nofollow" target="_blank" href="https://t.co/u2ORFy6yfD">https://t.co/u2ORFy6yfD</a>
    
    LIP-0003 MW:<a rel="nofollow" target="_blank" href="https://t.co/u2ORFy6yfD">https://t.co/u2ORFy6yfD</a>
    — Litecoin Foundation (@LTCFoundation) <a rel="nofollow" target="_blank" href="https://twitter.com/LTCFoundation/status/1186652141089427456?ref_src=twsrc%5Etfw">October 22, 2019</a></blockquote>
    
    
    Litecoin to fund David Burkett to implement MW
    
    In today’s tweet, Charlie Lee spread the word that David Burkett, a Grin++ Network developer, is going to be funded to lead a dev team to work on adding the MimbleWimble (MW) protocol through extra running blocks onto the Litecoin chain.
    
    <blockquote class="twitter-tweet">
    Thanks <a rel="nofollow" target="_blank" href="https://twitter.com/DavidBurkett38?ref_src=twsrc%5Etfw">@DavidBurkett38</a>! Your presentation on MimbleWimble and Extension Blocks was awesome. ?
    
    Good news! <a rel="nofollow" target="_blank" href="https://twitter.com/LTCFoundation?ref_src=twsrc%5Etfw">@LTCFoundation</a> will fund David to lead the team on implementing MimbleWimble and Extension Blocks on Litecoin and also for continuing his work on Grin++. ? <a rel="nofollow" target="_blank" href="https://t.co/wyEID7aQuo">https://t.co/wyEID7aQuo</a>
    — Charlie Lee [LTC⚡] (@SatoshiLite) <a rel="nofollow" target="_blank" href="https://twitter.com/SatoshiLite/status/1189440027257737217?ref_src=twsrc%5Etfw">October 30, 2019</a></blockquote>
    
    
    MimbleWimble offers a new format of Confidential Transactions working through so-called <a rel="nofollow" target="_blank" href="https://litecoin.com/en/news/the-litecoin-mimblewimble-extension-block-proposal-has-been-published">extension blocks</a>. Those work alongside the main blockchain and the interval is the same – around 2.5 minutes.
    
    <blockquote>
    “An auxiliary block is created for each main block. Auxiliary block looks like a traditional block without the header.”
    </blockquote>
    
    MW was first suggested by a <a rel="nofollow" target="_blank" href="#/news/bitcoin-developer-peter-todd-claims-ethereum-is-scammy-project-and-massive-stock-offering">BTC developer</a>, Johnson Lau, on Github, and described as a way to efficiently increase the size of blocks without any rules on the network to be changed.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Charlie Lee determined to make LTC more private
    
    In late January this year, Charlie Lee publicly addressed the issue of Litecoin fungibility, saying that due to blockchain operations on Litecoin being transparant, risks are high that transaction details can be made available to governmental agencies. He tweeted that fungibility is the only thing that both Bitcoin and Litecoin do not have at the moment.
    
    <blockquote class="twitter-tweet">
    Fungibility is the only property of sound money that is missing from Bitcoin &amp; Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy.
    
    I am now focused on making Litecoin more fungible by adding Confidential Transactions. ?
    — Charlie Lee [LTC⚡] (@SatoshiLite) <a rel="nofollow" target="_blank" href="https://twitter.com/SatoshiLite/status/1089935081337085952?ref_src=twsrc%5Etfw">January 28, 2019</a></blockquote>
    
    
    
    
    <em>What are your thoughts on Litecoin introducing MW? Feel free to share them in the comment section!</em>
    ') (Line: 1086)
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Litecoin (LTC) to Fund Dev Team to Introduce Harry Potter-Named Protocol for Solving Fungibility Issue

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Wed, 30/10/2019 - 11:17
Litecoin (LTC) to Fund Dev Team to Introduce Harry Potter-Named Protocol for Solving Fungibility Issue
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Contrary to reports that Litecoin chain has given up developing which emerged earlier this year, on October 30, Charlie Lee said on his Twitter page that the Foundation is going to hire a Grin++ developer David Burkett to lead a team to implement the MimbleWimble protocol and Extension Blocks.

Earlier, the media reported that three people, including Charlie Lee and David Burkett, proposed the implementation of the MimbleWimble protocol (the title comes from the world-popular fantasy books about Harry Potter) to make LTC more fungible by means of Extension Blocks.

Litecoin to fund David Burkett to implement MW

In today’s tweet, Charlie Lee spread the word that David Burkett, a Grin++ Network developer, is going to be funded to lead a dev team to work on adding the MimbleWimble (MW) protocol through extra running blocks onto the Litecoin chain.

MimbleWimble offers a new format of Confidential Transactions working through so-called extension blocks. Those work alongside the main blockchain and the interval is the same – around 2.5 minutes.

“An auxiliary block is created for each main block. Auxiliary block looks like a traditional block without the header.”

MW was first suggested by a BTC developer, Johnson Lau, on Github, and described as a way to efficiently increase the size of blocks without any rules on the network to be changed.

card

Charlie Lee determined to make LTC more private

In late January this year, Charlie Lee publicly addressed the issue of Litecoin fungibility, saying that due to blockchain operations on Litecoin being transparant, risks are high that transaction details can be made available to governmental agencies. He tweeted that fungibility is the only thing that both Bitcoin and Litecoin do not have at the moment.

What are your thoughts on Litecoin introducing MW? Feel free to share them in the comment section!

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