Litecoin, one of the oldest and most widely used cryptocurrencies, has introduced a major upgrade called MWEB (MimbleWimble Extension Block) to enhance user privacy and fungibility.
MWEB allows users to send confidential transactions, where the amounts and addresses involved are not publicly visible on the blockchain.
This feature addresses privacy concerns that have been a longstanding issue in many cryptocurrencies, including Litecoin.
The upgrade also improves the scalability of the network by reducing the size of transaction data. While some exchanges and platforms may initially hesitate to support MWEB due to regulatory concerns, the Litecoin community views this upgrade as a crucial step towards making Litecoin more secure and private for its users.
