Litecoin Rises 12% Amid MimbleWimble News
In the past 24 hours, Litecoin's price has surged by more than 12%, making it the fourth-largest cryptocurrency by market cap, surpassing EOS. This rise follows a blog post where the Litecoin Foundation and core developers approached BEAM for potential cooperation to integrate MimbleWimble via Extension Blocks on Litecoin. MimbleWimble is a privacy protocol designed to hide blockchain transactions. Extension Blocks could allow Litecoin networks to support various block types, enabling users to convert standard Litecoin into MimbleWimble variants for enhanced privacy.
FAQ
❓ What caused Litecoin's recent price surge?
The surge is linked to discussions about adding MimbleWimble, a privacy-protecting protocol, to Litecoin.
❓ What does MimbleWimble offer?
MimbleWimble enhances transaction privacy by obfuscating details on the blockchain.
❓ What are Extension Blocks?
Extension Blocks allow blockchains to support new block types, potentially integrating MimbleWimble into Litecoin.