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The developers of the project said that they officially launched the MimbleWimble update on the Litecoin network. At the same time, this did not affect the activity of users and did not contribute to the growth of the value of the virtual asset. The programmers noted that the MimbleWimble (MWEB) extension block was successfully used for integration.
They stressed that now customers have access to the long-awaited opportunity to conduct transactions in a network with an increased level of confidentiality. The MimbleWimble expansion unit allowed users to carry out secret transactions.
According to the main developer of the project, David Burkett, this has increased the possibilities of using Litecoin as an interchangeable currency. LTC can be used not only for ordinary transactions, but also for the payment of salaries to staff, as well as the acquisition of real estate.
According to him, MimbleWimble technology uses innovative cryptographic methods to mask the source and recipient of a transaction. At the same time, Burkett noted that, despite the interest in Litecoin, the value of the native cryptocurrency remained unchanged.
Despite the increased demand among the crypto community and the fact that confidential coins such as Monero and Zcash again became the subject of interest to users, Litecoin added only 3% per day after the integration of MWEB, held on May 19, 2022. The LTC rate consolidated at $70.42.
Market analysts noted that the key support level is at around $ 52 dollar, and in order to go to new price tops, the cryptocurrency needs to overcome resistance at $ 98.76 dollars.
Earlier, the editors of the Crypto.ru reported that the head of the US Securities and Exchange Commission (SEC), Gary Gensler, stated the need to regulate the industry. He noted that all trading platforms that are under the jurisdiction of the state will be required to undergo mandatory licensing in the supervisory authority.
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