How long does everyone reckon before we have a final release of Mimblewimble and will it be good enough to kill its
competitors like Monero and Aeon?
I am asking with a tinge of worry hehe. I have most of my investment in Aeon.
One of the holy grails for many bitcoiners is transacting with the decentralized currency in a completely private manner. There are many projects being built on the Bitcoin network, and within the altcoin space that attempt to provide stronger anonymity such as Tumblebit, and other methods of privacy. Last year a developer who uses the pseudonym, “Tom Elvis Jedusor,” introduced the Mimblewimble paper which supports the concepts of both Coinjoin and Confidential Transactions.
Essentially the protocol adds a cryptographic ‘blinding factor’ to a bitcoin transaction’s input and output values which obfuscates the transaction’s destination and the sum of funds sent. Now the development team has announced that Mimblewimble is being trialed on the Bitcoin testnet and developers can build their own nodes which connect to what’s called the “Grin network.”Read in full https://news.bitcoin.com/privacy-centric-protocol-mimblewimble-now-being-trialed-on-the-bitcoin-testnet/
