![]() This information is open to the Public and it is bad for an individual’s privacy and security. It was like everyone knowing how much is there in your bank account. This is considered to be good as it maintains privacy and the receiver will not know how much money the sender is having in his wallet or in the wallet of anyone else on the internet.īefore the MWEB, the amount of LTC in your wallet was visible to anyone on the internet. It is finally expected to be adding up the last missing characteristics of a great money which is “fungibility” to Litecoin.Īlso, it includes confidential transactions, where the amounts transacted between parties are not recorded on the public blockchain. This new upgrade has been in the making for several years. Therefore, with high certainty the Litecoin upgrade is expected to take place on between now and February of 2023. If after 1 year, the Litecoin upgrade will automatically upgrade. They have made it possible to be able to track the progress on the Litecoin Dashboard. This will go on until either 75% vote during one of the windows or until 1 year from the first signaling window.” If less than 75% of miners signal, then the next window will open and the miners can vote again. So, how does the miner signaling work? “Well approximately every 2-weeks (8,064 blocks to be exact) a signaling window is opened to allow for litecoin miners to vote for the upgrade.ĭuring this time if 75% of the mined blocks have a signal for the upgrade then the litecoin upgrade will take place. It is important to note that Litecoin has been running flawlessly ever since it was created in 2011. This is reportedly, Litecoin’s biggest upgrade of all times. ![]() ![]() ![]() The window for Litecoin miners to begin signalling for MWEB has already begun. ![]()
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