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After two years of development, Litecoin (LTC) finally released its long-awaited Mimblewimble update, opening the door to more privacy-oriented transactions on the network. Mimblewimble's integration with Litecoin occurs through the Mimblewimble extension block (also known as MWEB), which allows users of the network to opt out of confidential transactions. David Burkett, lead developer of MWEB, sponsored by the Litecoin Foundation, said the upgrade enhances Litecoin's viability as an alternative currency that can be used for everyday transactions, paying employees and even buying real estate. Mimblewimble is a privacy-focused decentralized protocol that takes its name from an ironic spell made famous in the Harry Potter series. The protocol has a confidentiality feature that allows users to hide transaction information. It also provides a framework for other blockchains to increase the usability of their cryptocurrencies.

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