Inb4 LTC is dead, read this.
Here’s why I am bullish on LTC.
MimbleWimble changes the traditional model of blockchain transactions. It allows for a blockchain to have a more compact history, which is easier and faster to download, synchronize, and verify.
In a MW blockchain, there are no identifiable or reusable addresses, meaning that all transactions look like random data to an outsider. The transaction data is only visible to their respective participants.
So, a Mimblewimble block looks like one large transaction rather than a combination of many. This means that blocks can be verified and confirmed, but they give no details about each transaction. There is no way to link individual inputs with their respective outputs. This is a real problem currently, for instance, if you are a business that wants to do payroll in Bitcoin/Litecoin etc, your employees could deduce who was being paid how much through some clever analysis of the public blockchain.
Progress update of last month: https://litecointalk.io/t/mimblewimble-progress-update-thread/26678/45
Some bullish points:
– average holding time on [CBP](https://i.redd.it/mmjt9n1lb2e51.png)
– [Hashrate keeps on climbing](https://pbs.twimg.com/media/EedW5PrXoAIvhCw?format=png&name=4096×4096) The higher the hash rate, the more secure the blockchain is.
– [LTC/BTC ratio](https://pbs.twimg.com/media/EegDhOAWsAEfdk6?format=png&name=orig) is primed for takeoff.
Litecoin looks pretty good fundamentally and technically. If you missed the ETH and XRP rally and wanna diversify. Get LTC as it usually goes on a parabolic run out of nowhere during a bull market. It’s just a matter of time. Combined with the Testnet this is a nobrainer.
– Real world adoption is there. Comments like « Nano can do that! » are useless since not a single outsider knows about
Make no mistake, the implementation of MW into LTC is a very big deal.
Source : https://reddit.com/r/CryptoCurrency/comments/i2z24b/bullish_litecoin_case_the_testnet_for_the/