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

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Wed, 06/03/2020 - 12:32
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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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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.

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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.)

Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?

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Fri, 10/23/2020 - 09:24
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Vladislav Sopov
Grayscale, undisputed giant of institutional crypto investments, is celebrating another monstrous milestone, adding a nine-digit sum to AUM in 24 hours
Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?
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Grayscale is an investment company that provides the clients with an exposure to digital currency markets eliminating the need to buy tokens. The firm does it by selling shares of 'trusts' related to certain digital assets. The recently started FOMO has already brought Grayscale's 'asset under management' (AUM) values to previously unseen levels.

Grayscale assets are on steroids

In its most recent report shared in a tweet, Grayscale Investments stated that its net AUM now surpasses $7,300,000,000. Mostly, this upsurge should be attributed to the spikes of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) prices.

Grayscale adds $300M to its AUM in 24 hours
Image by Twitter

Its founder, CEO of Digital Currency Group Barry Silbert, unveiled that Grayscale’s holdings added a whopping amount of value in the last 24 hours.

Added a cool $300 million in AUM in one day

In terms of separate ‘trusts’, the most impressive increase is associated with Litecoin (LTC). Its value added almost 10% bringing its total to over $34 mln. 

Bitcoin (BTC) allocation surged above $6 bln with a 5% increase. Notorious Grayscale Ethereum Trust (ETHE) added 6% and now is valued at $942 mln.

PayPal assists Grayscale

By contrast, Stellar Lumens (XLM) and Bitcoin Cash (BCH) trusts witnessed mediocre increases of 2-3%. The only integral product of Grayscale, Large Cap Trust that unites the most valuable coins under its umbrella, therefore, added less than 4%.

The numbers of Grayscale Investments positions rocketed due to the rapid spike of crypto prices associated with PayPal’s decision to add major digital assets to its instrument toolkit.

As covered by U.Today previously, PayPal announced that Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) will be added as payment methods by the end of this year.

  

Following this surprising news, Bitcoin (BTC) revisited its multi-months high over $13,000. At press time, its price has slightly retraced and flirts with the $12,800 level.

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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.)