Litecoin introduced privacy features in January 2022 with the implementation of the “MWEB (MimbleWimble Extension Blocks)” technology. MWEB offers the following key features:
- Concealment of Transaction and Balance Details: Enhances anonymity by hiding transaction details.
- Improved Transaction Efficiency: Combines multiple transactions into one, increasing processing efficiency.
- Enhanced Scalability: Strengthens privacy while maintaining blockchain scalability.
MWEB is implemented as extension blocks on Litecoin’s main chain, allowing users to choose between standard transactions and privacy-protected ones. This system enables users to disclose only the necessary information.
However, not all transactions are fully anonymized, as using MWEB is optional and depends on user preference.
Comment