Fungibility is the next step on the horizon for Litecoin.
What is fungibility anyway?
It is easily found in any search engine. But, you probably need a real world example to really understand.
The idea is one unit in a group of units are indistinguishable. Somehow, getting some money from your 9th birthday from grandma is a little more special when it's a crisp, brand new bill.
But, on your 16th, you just don't care. At that point $20 is $20. That is fungibility.
MimbleWimble adds fungibility to Litecoin in the upcoming release and that testing needs to be completed for rollout to the main network. When that is done, work on adding it to Litewallet will begin.
Please check back as add it into the Litewallet project!
Comments
4 comments
16/09/2023
When will mimblewimble be available on Litewallet?
Wen MWEB?
We are so excited!
A Testnet MWEB was just done by Hector and we will be integrating it into our testbed app newborn.
But, we are extremely concerned that the integration is fully stable and doesn't lose anyones funds. We also need to make sure no ones funds are at risk. So, we will be testing with newborn over a few months.
We are looking to fully roll out MWEB for Litewallet in Q3 of 2024…maybe sooner!
Does this fungibility have anything to do with the £1.01/£1.59 service charge added to the cost of sending LTC after I updated litewallet app in Feb/Mar 2024?
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