Binance warns against use of litecoin’s Mimblewimble privacy feature

Binance warns against use of litecoin’s Mimblewimble privacy feature

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Binance announced today that it won’t support litecoin transactions that make use of so-called MimbleWimble Extension Blocks (MWEB), joining South Korean exchanges in shunning the privacy feature.

On May 20, Litecoin developers activated an optional privacy-preserving protocol on the coin. This allows the Litecoin network to conceal transactional data yet maintain its ability to process a lot of transactions quickly.

Last week, several Korean exchanges, including Upbit and…


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