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Liteocin Mimble Wimble Protocol Bug Found

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According to a recent test performed by Ivan Bogatyy, Litecoin’s Mimble Wimble privacy protocol can be unraveled using hired computing resources. The Litecoin (LTC) community and developers of Mimble Wimble denied that they created a faulty anonymous technology.

Liteocin’s co-founder, Charlie Lee, has affirmed that the protocol had a known vulnerability, but insisted that privacy could still be attained. However, the ultimate conclusion was that LTC could not compete with the privacy features offered by ZClassic (ZCL) and Monero (XMR).

“This limitation of MimbleWimble protocol is well known. MW is basically Confidential Transactions with scaling benefits and slight unlinkability. To ...

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