{"id":565167,"date":"2020-12-30T18:52:37","date_gmt":"2020-12-30T15:52:37","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565167"},"modified":"2020-12-30T18:52:37","modified_gmt":"2020-12-30T15:52:37","slug":"litecoins-mimblewimble-code-will-be-ready-by-q1-of-2021","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/litecoins-mimblewimble-code-will-be-ready-by-q1-of-2021\/","title":{"rendered":"Litecoin&#8217;s MimbleWimble Code Will Be Ready by Q1 of 2021"},"content":{"rendered":"<p><strong>Summary:<\/strong><\/p>\n<ul>\n<li><strong>Code to Litecoin&#8217;s MimbleWimble will be ready by Q1 of 2021<\/strong><\/li>\n<li><strong>Activation will soon follow depending on the Litecoin community and miners<\/strong><\/li>\n<li><strong>Litecoin has soared by over 211% in Q4 of 2020<\/strong><\/li>\n<li><strong>Litecoin could continue to gain in the markets as investors look for digital assets that do not resemble securities<\/strong><\/li>\n<\/ul>\n<p>The final code for <a href=\"https:\/\/en.ethereumworldnews.com\/why-mimblewimble-is-litecoins-ltc-hail-mary\/\" target=\"_blank\" rel=\"noopener\">Litecoin&#8217;s MimbleWimble protocol<\/a> will be ready by the first quarter of 2021. This is according to the lead developer of the project, David Burkett who updated on the progress via the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The code will be ready and merged Q1 2021. Activation timeline will be decided by users &amp; miners.<\/p>\n<p>&mdash; David Burkett (@DavidBurkett38) <a href=\"https:\/\/twitter.com\/DavidBurkett38\/status\/1343605483891011588?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">December 28, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Working Code is Available on Github<\/h2>\n<p>Mr. Burkett also explained that <a href=\"https:\/\/en.ethereumworldnews.com\/litecoins-mimblewimble-is-live-on-testnet-full-activation-in-2021\/\" target=\"_blank\" rel=\"noopener\">the activation timeline<\/a> will be decided by the Litecoin community as well as LTC miners. He <a href=\"https:\/\/twitter.com\/DavidBurkett38\/status\/1343599587211300864\" target=\"_blank\" rel=\"nofollow noopener\">also revealed<\/a> that there is already working code of Litecoin&#8217;s MimbleWimble on Github.<\/p>\n<blockquote><p>I first attempted to design a secure way to support one-sided mimblewimble transactions back in January. Nearly one year and a dozen or so design iterations later, we finally have working code!<\/p>\n<p><em>(The code <a href=\"https:\/\/github.com\/ltc-mweb\/libmw\/pull\/29\" target=\"_blank\" rel=\"nofollow noopener\">can be found here<\/a>.)<\/em><\/p><\/blockquote>\n<h2>Litecoin has Gained by 211% in Q4 of 2020<\/h2>\n<p>In terms of price, Litecoin has quietly exhibited impressive gains in the fourth quarter of 2020. October 1st found Litecoin trading at $45. Also known as Bitcoin&#8217;s little brother, Litecoin went on to post a one year high of $140 on the 27th of December. This is an impressive 211% increment in value that also helped Litecoin briefly edge out XRP from the number 4 spot on Coinmarketcap.<\/p>\n<p>Regarding the latter, this was achieved when XRP dropped to as low as $0.17 due to selling associated with exchanges such as <a href=\"https:\/\/en.ethereumworldnews.com\/xrp-investors-will-still-get-their-spark-token-airdrop-on-coinbase\/\" target=\"_blank\" rel=\"noopener\">Coinbase<\/a>, <a href=\"https:\/\/en.ethereumworldnews.com\/bitstamp-to-halt-xrp-trading-and-deposits-for-us-customers-on-jan-8th\/\" target=\"_blank\" rel=\"noopener\">Bitstamp<\/a> and Bittrex, announcing that they will be halting trading of the remittance coin next month.<\/p>\n<h2>Litecoin Could Provide an Alternative to those Fearing Other Altcoins are Securities<\/h2>\n<p>At the time of writing, Litecoin is trading at $126 and has been following Bitcoin&#8217;s bullishness thus far. The correlation between Litecoin and Bitcoin might provide a reason for investors to consider LTC as they rebalance their holdings in fear of some of their favorite altcoins <a href=\"https:\/\/en.ethereumworldnews.com\/chainlink-link-will-face-the-sec-next-after-ripple-zeus-capital\/\" target=\"_blank\" rel=\"noopener\">being deemed securities<\/a> by the SEC.<\/p>\n<p>Traders and investors might also pick up on the notion that Litecoin is a cheaper and faster Bitcoin version as witnessed in 2017 and before LTC went to post an all-time high of $375 on December 18th the same year.<\/p>\n<p>Furthermore, the addition of confidential transactions via MimbleWimble in 2021 might provide another reason why traders and investors will shift their focus towards Litecoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Code to Litecoin&#8217;s MimbleWimble will be ready by Q1 of 2021 Activation will soon follow depending on the Litecoin community and miners Litecoin has soared by over 211% in Q4 of 2020 Litecoin could continue to gain in the markets as investors look for digital assets that do not resemble securities The final code for Litecoin&#8217;s MimbleWimble protocol will be ready by the first quarter of 2021. This is according to the lead developer of the project, David Burkett [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":561812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[824],"tags":[1320,7203,108174,6049],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565167"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=565167"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/561812"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=565167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=565167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=565167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}