[randomhodler84]

Implemented!!!! Signaling has begun, it should activate on main net in the next few months. David Burkett of grin++ implemented mw extension blocks as an opaque mw side chain. I think this is a good model in that exchanges can operate in pure transparent taproot LTC (which is also signally and should go live soon), or mweb chain. I think in practice it will behave more like zcash with most of the coin remaining transparent side but those that wish to tie their tongues if they dare.

[kragen]

Oh wow, that's a huge development. For those who don't know Mimblewimble (assuming it works!) allows running a full node on something as small as a microcontroller and utterly eliminates transaction traceability.

[tromp]

Mimblewimble itself doesn't eliminate transaction traceability, since the transaction graph is almost entirely visible in the mempool. But Mimblewimble can be augmented with something like [1] which does mostly eliminate transaction traceability if widely deployed.

[1] https://forum.grin.mw/t/mimblewimble-coinswap-proposal

[randomhodler84]

Thank you for sharing tromp, this looks great!

[randomhodler84]

It’s probably going to require a little more grunt, it’s also a LTC full node and must process that 70GB chain, but mw itself is very lightweight. What it enables is fungibility to the LTC token, where moving between transparent and opaque chains will Smush the coin history, balance and transaction graph. I do agree it’s a big deal, and if it works we can look at deploying it to.. other satoshi client coins. One day, mw on Bitcoin. It’s important because LTC is a deep production environment worth billions of dollars. People were afraid of segwit — people were making up lies about safety and the dudes that implemented it are true math rockstars. When it worked — of course — on a real value chain like LTC, people were more comfortable using sats on it. I hope mw gains acceptance. Truly ground breaking stuff.