To determine direction you should spend some time to read about MWEB.
We already have good amount “core of meaning” what is it in:
LIP-003
Parity of Personal identifiable information
Solution to on-boarding new users that they do not need to download the entire transaction history of the extension’ blocks network
Most cost-effective design for confidential transactions without trusted setup
Non-interactive transaction design for MWEB through a trusted network
Through this update, LTС network participants will be able to exercise their right to control sensitive personal information, which has already been implemented on many networks in less attractive and more expensive variations. In addition, this right is realized not as an obligation but as an opportunity.
All those are already in LTC if I’m not mistaken or did Litecoin need 10 Years to fix holes?
It is worded as if marketing needs a few positive point to hide the fact that money is the foremost reason. many in the higher management have a money grabbing attitude, unfortunately so.
What? MWEB is one of the most significant development of the past 10 years. Adding confidential transactions to an established, BTC-like network is huge. Fungibility is the missing piece to make the best digital money.
I have no idea why you think this goes to the NFT direction…
David,
do you think the mimblewimble will give the LTC a boost? It’s really hard to see how the Litecoin, which can actually be equal to BTC with ease, and has such potential, could crash so far. Ok, everyone has crashed, but with the potential the LTC should do look better
Excited to see updates and read Davids last update. Its so refreshing to see a team that sees the importance of audits and meeting to review code - rather than rushing to release something.
Community is starting to notice LTC more and more - Im less motivated by price but its excited to see it growing back into one of the leading projects. After all the other weaker projects starting to fall through poor security / audits and closing holes in the code. LTC will be king.
For those who don’t understand where exactly the code is released right now, go to the official github of litecoin, then click on releases, then click on tags and you will find it (v.0.21.2rc1) very important disclaimer: code and binaries are not the same, more details on Charlie’s twitter
The first MWEB release candidate is now available at https://dev.litecoin.org/. A “release candidate” (RC) is like a pre-release. It’s fully functional - miners can signal for activation, users can generate MWEB addresses, and (once activated) send to MWEB addresses - but it hasn’t been thoroughly tested for bugs yet. The more people who try out the RC and report any issues they find, the better off the final release will be. But please plan to upgrade to the full v0.21.2 release once it’s available.
Verifying the binaries
It’s recommended that you verify the release binaries, to ensure they have not been tampered with. It may be too difficult for some non-technical users, but for those capable, it’s worth trying before running the downloaded file. To do this:
Download & install gpg and sha256sum
Download SHA256SUMS.asc to the same directory as the downloaded release binary.
Then, from your terminal (Mac/Linux) or command prompt (Windows):
Change directory to the location you downloaded the release binary and SHA256SUMS.asc to: cd <insert path here>
Download my pubkey: gpg --keyserver hkp://keyserver.ubuntu.com --recv-keys D35621D53A1CC6A3456758D03620E9D387E55666
Verify the signature in SHA256SUMS.asc: gpg --verify SHA256SUMS.asc
The response should include something like: Good signature from "David Burkett <davidburkett38@gmail.com>", telling you that SHA256SUMS.asc has been signed by me, and has not been tampered with.
Now that we know SHA256SUMS.asc is valid, we need to verify the release binary you downloaded matches the one inside of SHA256SUMS.asc. As long as the release you downloaded is in the same directory as SHA256SUMs.asc, you can just run: sha256sum --ignore-missing --check SHA256SUMS.asc
You should see your release binary listed, followed by an OK. So, if you downloaded the windows version, you’d see: litecoin-0.21.2rc1-win64-setup.exe: OK
What’s Next?
I’ll spend the next month watching for bug reports, and fixing any issues found. Unfortunately due to the complexity of the change, bugs will exist. So far, this includes an issue that prevents some long-lived wallets from generating MWEB addresses, which I’m actively working to fix. Once we’re satisfied with the testing & fixes, we’ll likely release another release candidate (0.21.2rc2) and go from there.
Meanwhile, miners running v0.21.2rc1 can start signaling for activation at block 221760 (~Feb 25th). @losh11 is working on a website to monitor signaling and activation status, which I’ll share here once it’s available.
I do not share the idea of the MWEB since so MONERO was delisted from several exchanges by UK regulations due to the privacy it has, that MWEB protocol can make the LTC die for life
