Developer of privacy-focused instruments David Burkett shared the milestones he achieved in August and teased the latest additions that will make MimbleWimble a reality for Litecoin (LTC).
Major work is almost done
As Mr. Burkett has unveiled, he finished the development of Initial State Download, i.e., the genesis point of the MimbleWimble release. Then, he researched numerous types of "denial-of-service" attacks on the MimbleWimble messaging logic within the Litecoin (LTC) network. He admitted that this work required to prevent Litecoin (LTC) nodes from malicious intervention should continue:
August Progress Update:— David Burkett ツ (@DavidBurkett38) September 3, 2020
Nodes are able to sync and verify the initial state (similar to the Initial Block Download). Improved UTXO management logic.
Get ready for the first Mimblewimble testnet on LTC, launching September 30th! More details soon. https://t.co/DctJxUZHWg
Mr. Burkett reconsidered some aspects of "fragile" logic moments; in particular, moments related to unspent transaction outputs (UTXOs).
As a result, he confirmed that everything is on track to launch the first iteration of MimbleWimble testnet by the end of this month. Most likely, this release will include command line interface and JSON-RPC remote procedure call for the most advanced blockchain users.
Once the testnet goes active, Mr. Burkett plans to switch his coding efforts to the implementation of a non-interactive transaction mechanism.
Ultimate level of privacy and security for Litecoin (LTC)
Mr. Burkett revealed that he is not the only blockchain developer tasked with the research and development of a non-interactive transactional mechanism. He shared the progress of his colleagues from Tari Labs (XMR), Gotts (GRIN) and Nervos Network (CKB).
He also stressed that this approach will be the gold standard for blockchain security in the near future—and that he is enthusiastic about its implementation:
It seems more and more likely though that, not only are non-interactive txs possible, but they are indeed *inevitable*.
With the implementation of MimbleWimble, transactions in the Litecoin (LTC) network will be obfuscated so that malefactors will be unable to trace them. Thus, MW activation by Litecoin can be the second significant privacy-focused release after ZCash (ZEC) Heartwood.