@BOMBERuss 6 February 2022 more from that month

Litecoin (LTC), one of the oldest cryptocurrencies on the market, has already released its long-awaited network update called #Mimblewimble through extension blocks, also known as MWEB. This is the most important update for the Litecoin network since the activation of Segregated Witness (#SegWit), which happened a few years ago. With this new update, virtual currency is now the largest privacy-focused digital currency on the market. The cryptocurrency market has forgotten about the old player in space. We are talking about LTC, which has been one of the most popular cryptocurrencies over the past few years. Due to the large growth and expansion of other blockchain networks such as Solana (#SOL), Terra (#LUNA), Avalanche (#AVAX) and Dogecoin (#DOGE), Litecoin has lost its position as one of the top 20 digital currencies on the market. Despite this, Litecoin developers have worked very hard in recent years to add Mimblewimble via extension blocks to the Litecoin #network, ensuring the interchangeability of LTC transactions. According to a recent tweet posted by the Litecoin Foundation, MWEB is the largest update to the Litecoin network ever, promising to provide interchangeability for everyone and improve the scalability of the token. Moreover, the Litecoin Foundation explained that the #MWEB update is a subscription feature that makes the token the most interchangeable cryptocurrency in the space. This can help #LTC become one of the most commonly used digital payment instruments on the market. The lead developer behind the implementation of the #Litecoin Mimblewimble extension block is David Burkett, who has been working on improving the coin's blockchain for several years. His work included development, testing, reviewing and auditing along with dozens of other participants. It is also worth taking into account that the new update also included #Taproot.