This update was written and provided by Litecoin MimbleWimble lead developer David Burkett. -------- Taproot Release The first release candidate of v0.21 with taproot support (v0.21.1rc1) is now available for download 25. I’ve been testing it out, and everything has been working fine for me, so the official release is being built and signed now. Feel free to test out rc1, or wait a few days for the official release (v0.21.1), which will be made available for download at https://litecoin.org 6 after it’s been signed by the devs. Please report any issues you find with the release using gith ..read more

This update was written and provided by Litecoin MimbleWimble lead developer David Burkett. ​​--------​​ Security Vulnerability As shared on Twitter yesterday: Kurt, a long-time GRIN community member, contacted Charlie and I to inform us of a vulnerability in the design for non-interactive transactions. While the attack is difficult to perform in practice, it does allow for theft of funds if the conditions line up just right. This attack is rather technical, and difficult to understand without first learning all of the crypto behind MWEB. Very informally, it works like this: Alice sends ..read more

This update was written and provided by Litecoin MimbleWimble lead developer David Burkett. ​​--------​​ Audit Quarkslab has finished their audit of the code! ? I’ll be meeting with them Friday to discuss their findings. After that, they’ll work on releasing the audit report in a blog post, which I look forward to sharing with you all. Findings Since you’ll be able to read the full report once they share their blog post, I won’t dive too deeply into the findings here. But at a quick glance: There was one critical issue found that resulted from a mistake while merging the MWEB code & v ..read more

This update was written and provided by Litecoin MimbleWimble lead developer David Burkett. ​​--------​​ v0.21 Release I was hoping to have the v0.21 release out already, but I’m waiting on one last developer to review. A couple of us have already run through a test build to make sure our environments are setup correctly, so once everyone has signed off on the code, we should be able to get a release candidate built and signed fairly quickly. The most notable change in v0.21 is the inclusion of Taproot support. The Taproot logic is the same as in bitcoin, but activation will be done diffe ..read more

Grayscale Investments, the world’s largest digital asset manager with nearly $50 billion in AUM revealed exclusively to Forbes that the Grayscale Litecoin Trust (LTCN) has become SEC reporting company along side the companies Bitcoin (GBTC), Ethereum (ETHE), Digital Large Cap Fund (GDLC), Ethereum Classic (ETCG) and Bitcoin Cash (BCHG) trusts. The new designation means regular financial statements and disclosures regarding the trust are to now be provided to the US Securities and Exchange Commission (SEC). The trust is additionally expected to comply with all the other requ ..read more

​The Litecoin Foundation - a Singapore based non-profit building and supporting the Litecoin ecosystem has just announced the launch of 'OmniLite', a decentralised token creation platform which is being acclaimed as the 'Ethereum Killer', introducing Smart Contracts, DAOs, Tokenised assets and NFT functionality onto the Litecoin Network. "OmniLite is a an open-source platform that facilitates the creation of decentralized tokens and smart contracts along with crypto-assets such as tokens and NFT’s. OmniLite, being a layered protocol built on top of Litecoin’s blockchain, takes advantage of it ..read more

This update was written and provided by Litecoin MimbleWimble lead developer David Burkett. ​​--------​​ Coding Last month I merged the node code on top of the LTC 0.21 release codebase (see July update), so this month began with me merging the wallet code. It turns out that a lot changed in the wallet between 0.18 and 0.21, so I had to spend a few weeks redesigning how we calculate and manage MWEB addresses and keys. The end result was even cleaner than we had with 0.18 though, so this turned out to be a good thing, despite requiring the extra effort ? For the code monkeys among you, the ..read more

This update was written and provided by Litecoin MimbleWimble lead developer David Burkett. ​​--------​​ Coding I’ve shifted away from writing new code so the MWEB codebase can remain stable while the auditors perform their review. I’ve been focusing instead on rebasing our changes from the LTC 0.18 branch to the LTC 0.21 branch. For those unfamiliar with git terminology, what this means is we started with the code from the LTC 0.18 release (the latest at the time), and have been coding MWEB on top of that. However, LTC 0.18 is no longer the most recent code, since the release for LTC 0.2 ..read more

This update was written and provided by Litecoin MimbleWimble lead developer David Burkett. ​--------​ Documentation I’ve spent some time documenting all of the code changes to assist our auditors. For those interested, this is the current list of technical documents describing the MWEB changes (several are only partially complete): LIP-0002 - This describes the process for adding extension blocks to LTC, including describing how pegging-in, pegging-out, and integrating transactions work LIP-0003 3 - This is our original design for Mimblewimble extension blocks. It’s a bit outdated, but s ..read more

In the last 24hr period, the Litecoin network has transacted just over ~Ł29,000,000 (34% of the total supply) which at current market value is equivalent to ~$4Bn+. What makes this significant is that the majority of this activity appears to originate from a single entity on the network and whoever is behind it doesn't appear to be slowing down. The entity in question is the 8th largest address by balance on the network, LeStybDLTWFJRXBP3WTbNWmxe7ZnuHPveN. This Whale who holds ~Ł522,000 ($72m) appears to be sporadically making payments anywhere between $10 to $100K+ every 5-10 minute ..read more