MWEB (Mimblewimble Extension Blocks) is soft-fork activated in the Litecoin network.
It was proposed first on Bitcoin and can increase capacity and fungibility considerably.
Here an article, what do you think?
https://www.lookintolitecoin.com/post/mweb-has-officially-activated
Of course i like the idea of it. I totally care more about privacy than putting altcoins on lightning. I guess we'll see how it goes on Bitcoin's favorite testnet (LTC.) I have heard some problems with it, in regards to suprisingly effective DDOS attacks being possible with fairly few MWEB transactions. Here's a writeup on MWEB on the Beam network.
https://arxiv.org/abs/2112.13009
The most scary part for me to have privacy on mainchain, is to have a bug and be able to create new coins out of thing air.
No body will ever know what is going on. and who is creating them.
This is something that people overlook. Not having privacy (all transactions are fully public) ensures that the mining algorithm, coinbase, etc can be fully audited by anyone.
Nooooooooo
Trace can suck it
Probably not. It would increase the load on miners and full nodes, may result in hidden inflation, and it's privacy and scalability benefits are potentially not as good as LN's. It would also require a yet another address scheme. So I don't think it will happen, but what do I know? :)
Do we know the details of the implementation? E.g. how big are the extension blocks - and do those have to be mined by each miner?
I don't have the details, still looking for them.