On 1’st October, Litecoin’s MimbleWimble protocol was launched on the Testnet. The full activation of the mainnet will happen next year sometime. The core developer for MimbleWimble David Burkett explained that the testnet version still has to experience some more testing before the Litecoin community can do so. The MimbleWimble protocol on Litecoin finally went live on the testnet. Several members of the community highlighted this development on Twitter considering this a major step in its roadmap.
The event was highlighted by the community else it could have pushed back into oblivion citing several other important events namely: the two major events of the CFTC charging Bitmex with operating an illegal derivatives exchange and President Trump testing positive for COVID19.
As per the main developer of the MimbleWimble protocol and testnet, the code can be easily sourced from Github. Since it is open and available to all, any developer who is interested in running the testnet node and checking out further can do so by accessing the code.
David Burkett also explained that the prime focus was to now make MimbleWimble on the testnet more accessible to the Litecoin users especially the regular ones to begin testing it out also. The testing would apparently include, Improvisations on the automated builds, better documentation, and wallet support which is extremely important.
When asked about when the MimbleWimble will be fully activated for use, David Burkette stated that 2021 is a rough timeline for the entire functionality to come live and get working. David Burkette explaining about the development and also stated the future of Litecoin’s MimbleWimble said:
“Right now, there are a number of areas in the code that are fragile or lack the necessary validation around edge cases, so I’ll also be taking some time this month to harden the code and start validating any remaining consensus rules we missed.
Once I’m confident everything is working as designed, I’ll start looking for ways to break the testnet, to make sure we find and resolve any security or stability weaknesses.
Next month, I’ll share a detailed plan of all of the remaining work necessary to get MWEB (Mimblewimble Extension Block) merged to the main repo so that miners and node operators can start signaling for activation sometime in 2021!”
MimbleWimble on Litecoin is an update which will go a long way to implement extension blocks to Litecoin’s primary chain letting users to hide transactions and user identities. The current testnet only has the most basic features such as mining and adding LTC nodes to the testnet. But wallet capabilities will not be added for now.
Burkett has been engaged with the upgrade now for almost a year. With $6000 in remuneration offered per month. This was paid out to him through donations and till date he has already received $60,000 in ten payouts. Out of the total amount Litecoin creator Charlie Lee donated half the amount.
Now with two months left to the end of his commitment, Burkett will very soon launch a public testnet with all LTC transactions’s capabilities.