After years in the making, Litecoin\u2019s MimbleWimble<\/a> (MW) feature could be rolled out this month.<\/p>\n Last week, Robbie Coleman<\/a>, the Creative Director at the Litecoin Foundation, said MW is \u201cnow in the final code review.\u201d Similarly, in December 2021, David Burkett<\/a>, the Lead Developer on the project, gave his estimate for a January 2022 rollout.<\/p>\n This time last year, Litecoin<\/a> was ranked 5th with a market cap of $11.3 billion. One year later, it\u2019s now ranked 24th with a market cap of $9 billion, demonstrating a falling out of favor with investors.<\/p>\n The reasons for this are many, and the length of time it\u2019s taken for MW to get to this point hasn\u2019t helped.<\/p>\n Nonetheless, supporters hope that MW will act as a catalyst for recapturing former glories.<\/p>\n MW<\/a> is a feature that structures and stores transactions on a blockchain in such a way to enable better network scalability and an element of privacy.<\/p>\n It achieves this by having a more compact method of recording transactions. In turn, blockchain data is smaller, making it faster to download, synchronize and verify.<\/p>\n The block is verified and confirmed in the usual way. But each block consists of multiple transactions that do not reveal details of each transaction that makes it up. In short, there is no easily identifiable trail to link individual inputs with their corresponding outputs.<\/p>\n Through this obfuscating process, users have a high degree of privacy. Add to that the fungibility this brings, where each Litecoin is indistinguishable from the next, and $LTC will have the properties of sound money once MW is released.<\/p>\n Litecoin has been working on MW since at least before September 2019<\/a>. While initial interest was strong, the game has changed significantly since then, for example, in the popularity of DeFi, which began taking off around summer 2020.<\/p>\n The first MW testnet<\/a> occurred over 16 months ago, in September 2020. But constant delays have plagued the project.<\/p>\n However, with MW finally close to rolling out, Litecoin supporters are excited at what may be. On that, @TheFalconTrades<\/span><\/a> posted an LTCBTC chart showing a descending triangle, accompanied by confident talk of retiring on the \u201c$LTC pump of 2022.\u201d<\/p>\n \u201cWill be pretty hilarious to say \u2018I retired from the <\/span>$LTC<\/a><\/span> pump of 2022\u2019 \u2013 everyone seeking a magic meme coin, I\u2019m looking at the most bullish chart of all time.\u201d<\/span><\/p>\n<\/blockquote>\n Yet, because descending triangles show gradual lower highs, meaning bears are consistently winning, the descending triangle often breaks support and continues to fall.<\/p>\n In response, @TheFalconTrades<\/a> recalls anecdotal incidents of this setup breaking to the upside, making him more money than other plays.<\/p>\n I\u2019d still take the bet, this same setup has made me more $ than any other. I only play two or three patterns with size and this is one of them. Conviction for better or worse.<\/p>\n \u2014 Falcon (@TheFalconTrades) January 10, 2022<\/a><\/p>\n<\/blockquote>\n Based on what\u2019s in the top 10 now, it\u2019s easily argued that investors prefer yield over privacy. With that, time will tell whether Litecoin can make a comeback.<\/p>\n<\/div>\n<\/div>\n Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n Access more crypto insights and context in every article as a paid member of CryptoSlate Edge<\/span>.<\/p>\n On-chain analysis<\/strong><\/p>\n Price snapshots<\/strong><\/p>\n More context<\/strong><\/p>\n<\/div>\n Join now for $19\/month<\/a> Explore all benefits<\/a><\/div>\n<\/div>\nWhat is MimbleWimble?<\/h2>\n
Could this wake Litecoin from its slump?<\/h2>\n
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