It’s much smaller and more focused than the libmw review from a few months ago, so hopefully we will get more reviewers and faster feedback from other devs.
#Litecoin mweb update code#
I’ve created a new code review 5 with the most critical changes to the litecoin consensus code. I’ve officially handed off the final code changes and documentation to Quarkslab, so we should have a more detailed timeline from them any day now. More compact serialization formats for all MWEB data structures which will result in less disk space usage, less data transferred between peers, and therefore slightly higher throughput. New stealth address format that’s more consistent with previous address types, along with having better error detection.
Switched from sha256 to the much-faster blake3 for all MWEB hashes. It was determined that we don’t gain much by having a cumulative kernel MMR, so switching to a per-block MMR means less time spent hashing, and a lot less disk space needed to store the MMR. Kernel MMR is now per block, instead of a perpetually growing MMR. I performed my own review of all of the node logic to look for ways to improve security and performance, which resulted in a number of improvements to the code & design: Pruned Sync 1 - Describes how pruned sync will be supported in future releases Stealth addresses - How stealth addresses are generated, how we support subaddresses, how addresses are serialized, etc. lock height), and how new features can be soft forked in later on.ĭata storage - Describes the new database tables and data files that were added Kernels - Describes how kernels are serialized, the various features that are supported (e.g.
The upgrade, which was completed at the Litecoin block height of two million, promised that privacy will be guaranteed as users complete transactions on the Litecoin Network.
#Litecoin mweb update upgrade#
LIP-0005 - I’m still filling in missing data structures here, but this documents the P2P protocol changes and describes how MWEB transactions and blocks are serializedĬonsensus Rules 1 - Not a comprehensive list, but describes the most important consensus rules On 19 May, Litecoin finally launched its new MimbleWimble (MWEB) upgrade after years of development. However, the upgrade continued to be developed beyond May too. LIP-0004 - This describes our approach to supporting one-sided txs, instead of relying on interactive transactions like traditional Mimblewimble In other news, litecoin announced in May 2022 that it had finalised its privacy-focused Mimblewimble Extension Blocks (MWEB) update, which aims to make the platform better at delivering payments in a confidential manner. It’s a bit outdated, but should provide a high level understanding of how it works. LIP-0003 3 - This is our original design for Mimblewimble extension blocks. After years of work, Litecoin has now transitioned to MWEB. LIP-0002 - This describes the process for adding extension blocks to LTC, including describing how pegging-in, pegging-out, and integrating transactions work Litecoin MWEB is here As one of the oldest cryptocurrency projects, and a fork of Bitcoin, Litecoin continues to catch my attention as I feel it is very solid and has future potential. For those interested, this is the current list of technical documents describing the MWEB changes (several are only partially complete): I’ve spent some time documenting all of the code changes to assist our auditors.
#Litecoin mweb update update#
CoinMarketCap’s data revealed that LTC registered over 6% weekly gains, and at the time of writing, it was trading at $87.96 with a market capitalization of more than $6.33 billion.This update was written and provided by Litecoin MimbleWimble lead developer David Burkett. Thanks to the bullish market, LTC investors had a great time last month as LTC’s price surged. Coinhako will not support Litecoin (LTC) deposits and withdrawals made via. ✔Implement component “merging” #Litecoin⚡ Litecoin (LTC) Withdrawal and Deposit MimbleWimble extension block (MWEB) update. ✔Write the transaction finalization logic ✔Add signing logic for inputs and outputs The latest update from #MWEB developer is now available: Continuing the working on PSBT format for hardware wallets including: Moreover, Burkett also added that he will be taking some time off, so there will not be any January updates. Write the transaction finalization logic. He was able to add signing logic for inputs and outputs. Burkett mentioned that he continued working on PSBT, and quickly discovered some limitations in the initial design. Market indicators revealed that the bulls were leading.ĭavid Burkett, MWEB developer, posted new updates related to the Litecoin network.
LTC registers promising gains as the date of halving approaches.
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