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Litecoin (LTC) MimbleWimble Protocol to Launch Testnet This September, Main Dev Says

News
Wed, 06/03/2020 - 12:32
Vladislav Sopov
MimbleWimble is a privacy-focused protocol for obfuscating Litecoin (LTC) transactions. Its developer David Burkett has shared an updated roadmap of MW implementation
Litecoin (LTC) MimbleWimble Protocol to Launch Testnet This September, Main Dev Says
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Contents

David Burkett, the evangelist of the MimbleWimble privacy protocol, has published another monthly update. He unveiled a detailed roadmap for Q2-Q3, 2020, and revealed the date of the testnet launch.

MimbleWimble testnet is on the menu

According to Mr. Burkett, he has finished the implementation of MW blocks logic. Now, once the block is received, the blockchain validates it and the UTXO set is updated.

May dev update for MimbleWimble protocol is released
Image via Twitter

Also, he has started work on the mempool logic, which is one more significant step towards the integration of MimbleWimble into the Litecoin (LTC) network. Now, Mr. Burkett has a clear progress plan for the next three months.

In June, he said, the protocol will start mining valid chains with MW blocks to assure the integrity of blockchain operations. In July the initial block will be downloaded in a specific MW manner with fragmentary transactional history and UTXO data.

After some final tuning in August, September is set as the preliminary date for the testnet launch.

Charlie Lee welcomes the progress

Founder of Litecoin (LTC) Charlie Lee warmly appreciated the progress of MimbleWimble implementation. He highlighted the community-driven essence of MimbleWimble funding and expressed his gratitude to all sponsors.

Charlie Lee appreciated community-driven efforts to fund MW implementation
Image via Twitter

As previously reported by U.Today, MimbleWimble, a privacy-focused protocol that will obfuscate transactions in the Litecoin (LTC) network is created by Grin developer David Burkett.

His $6,000 compensation is collected by the donations of Litecoin (LTC) enthusiasts. Charlie Lee doubles every donation accepted.

According to the semi-official project forum, 972.8 LTC have been raised at press time, 727 of which are sent to Mr. Burkett.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
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Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)