Litecoin’s price reaction coincides with the news of the MWEB upgrade and the crypto-positive sentiment. Since memecoins began launching on Dogecoin and Litecoin earlier in May, the number of transactions have skyrocketed, reaching new all time highs for both chains. In the past 24 hours, the whole crypto market is up 5.40%, according to CoinMarketCap. Litecoin is the 22nd biggest cryptocurrency by market capitalization with $7.68 billion and trading at $110.47 and is up almost 5% in the last 24 hours, but it is still down 73.2% from its all-time high of $412.76 in May 2021.
The network users that decide to activate the upgrade will be able to have complete privacy in the following information: the amount of crypto sent, sender, and recipient’s address.ĭavid Burkett believes that the new upgrade will position Litecoin as one of the most sound currencies in the world. The news comes after both crypto exchanges Upbit and Bithumb issued a warning on Litecoin and firstly considered blacklisting the altcoin on May 23.
Litecoin mweb news update#
The Litecoin (LTC) MWEB update is among the biggest of the year.
Litecoin mweb news series#
It id a name for a series of upgrades that the project has performed. upgrade of Mimblewimble Extension Blocks (MWEB) to Litecoin (LTC). The upgrade is optional and will improve the user’s fungibility and privacy in the network. On June 8, the five biggest South Korean cryptocurrency exchanges stated that they would delist Litecoin ( LTC), following the previously fired up Mimblewimble (MWEB) upgrade. After years of work, Litecoin has now transitioned to MWEB. Sometimes people or companies like some of their own information to be private, and this is where the Mimblewimble Extension Block (MWEB) upgrade comes in. RT LitecoinMag: BREAKING: Yesterday Litecoin surpassed its all time high of MWEB LTC with 166k and TODAY has reached a New All time high with 236,714 Litecoin. The optional confidentiality MWEB provides gives the user notable and needed protections for small everyday items, to salaries, or even buying a home” What Does MWEB Mean for the Litecoin Network? Litecoin (LTC) has released its long-awaited fungibility and scalability upgrade Mimblewimble Extension Block (MWEB) after almost two years of development, testing, and auditing. “MWEB is a crucial next step in Litecoin’s evolution.
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