{"id":237836,"date":"2022-05-18T11:00:51","date_gmt":"2022-05-18T10:00:51","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=237836"},"modified":"2022-05-18T07:52:38","modified_gmt":"2022-05-18T06:52:38","slug":"why-did-litecoins-mweb-upgrade-take-so-long-to-rollout","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/why-did-litecoins-mweb-upgrade-take-so-long-to-rollout\/","title":{"rendered":"Why did Litecoin&#8217;s MWEB upgrade take so long to roll out?"},"content":{"rendered":"<p>Litecoin founder <a href=\"https:\/\/twitter.com\/SatoshiLite\/status\/1526313365282312192\">Charlie Lee<\/a> tweeted an estimated go-live date of May 19, at 20:30 PT, for the long-awaited MWEB upgrade. He signed off by prompting pools and miners, who haven't already upgraded, to do so in preparation.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MWEB is currently estimated to activate on 5\/19 8:30pm PT (5\/20 3:30am UTC). We&#39;re thinking of doing a livestream event to celebrate activation. Stay tuned for more details soon.<\/p>\n<p>In the meantime, help us reach out to pools and miners. There are still some that have not upgraded!<\/p>\n<p>&mdash; Charlie Lee \u24c2\ufe0f\ud83d\udd78\ufe0f (@SatoshiLite) <a href=\"https:\/\/twitter.com\/SatoshiLite\/status\/1526313365282312192?ref_src=twsrc%5Etfw\">May 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Lee first spoke of MWEB, or MimbleWImble as it was called then, in <a href=\"https:\/\/cryptoslate.com\/litecoins-mimblewimble-privacy-upgrade-is-ready-to-roll-on-march-15\/\">2019<\/a>. Since then, there have been numerous announcements of promising progress, but all have failed to materialize into a final launch.<\/p>\n<p>With Lee confirming an activation date, it looks like MWEB is right around the corner. But the journey in getting there has been long and drawn out.<\/p>\n<h2>Litecoin MWEB is go<\/h2>\n<p>Things began picking up in mid-February, following the MWEB <a href=\"https:\/\/twitter.com\/loshan1212\/status\/1495034576388997122\">testnet launch<\/a>. But prior to that, the updates given by Lead Dev David Burkett had seemingly turned up problem after problem.<\/p>\n<p>The <a href=\"https:\/\/litecointalk.io\/t\/mweb-progress-update-thread\/26678\/332\">MWEB Progress Update Thread<\/a>, which dates back to December 2019, documents the journey. Right around February, Burkett was talking about bug fixes. March was similar, with Burkett &#8216;playing whack-a-mole' in resolving issues with the wallet transaction list, miner crashes, and &#8216;subtract fee from amount' function.<\/p>\n<p>At this time, <a href=\"https:\/\/twitter.com\/SatoshiLite\/status\/1508970668892712964\">Lee<\/a> began tweeting about MWEB signaling. For an upgrade to occur, more than <a href=\"https:\/\/twitter.com\/SatoshiLite\/status\/1519410574668402688\">75%<\/a> of the miners should signal their approval for implementation. Over the following weeks, Lee gave updates on how the signaling progressed. But it wasn't until April 14 that consensus was reached.<\/p>\n<p>A five-week activation period from that date takes us to this week for rollout.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Looks like we have consensus! \ud83c\udf89<\/p>\n<p>Taproot is on track to lock-in this window, which ends in about a week. It will activate 2 weeks later, which is 3 weeks from today.<\/p>\n<p>MWEB should lock-in next window and activate about 5 weeks from today.<\/p>\n<p>Almost there&#8230; <a href=\"https:\/\/t.co\/gpUhTUhYwO\">pic.twitter.com\/gpUhTUhYwO<\/a><\/p>\n<p>&mdash; Charlie Lee \u24c2\ufe0f\ud83d\udd78\ufe0f (@SatoshiLite) <a href=\"https:\/\/twitter.com\/SatoshiLite\/status\/1514699423481171973?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>What is MWEB?<\/h2>\n<p>The characteristics of <a href=\"https:\/\/bitcoinmagazine.com\/culture\/history-bitcoin-sound-money-helps-society\">sound money<\/a> are that it is durable, portable, divisible, scarce, universally accepted, and fungible.<\/p>\n<p>To date, cash best fits these characteristics. But in an attempt to digitize the concept of sound money, MWEB seeks to address the most significant hurdle facing cryptocurrencies as a payment method, fungibility.<\/p>\n<p>In an interview in October 2020, <a href=\"https:\/\/youtu.be\/HhOKk8S4eu4?t=194\">Lee<\/a> said the only property of sound money missing from Bitcoin and Litecoin is fungibility. He added that the next paradigm would be on this and privacy.<\/p>\n<p>The MWEB upgrade means the history of the LTC tokens is obscured so that each token is indistinguishable from the next. That way, how a token was used in the past will not affect its value now.<\/p>\n<p>Equally, no identifiable addresses can be linked to their respective outputs by encrypting block inputs and outputs. Meaning only the transacting parties can view the transaction data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin founder Charlie Lee tweeted an estimated go-live date of May 19, at 20:30 PT, for the long-awaited MWEB upgrade. He signed off by prompting pools and miners, who haven&#8217;t already upgraded, to do so in preparation. MWEB is currently estimated to activate on 5\/19 8:30pm PT (5\/20 3:30am UTC). We&#39;re thinking of doing a [&hellip;]<\/p>\n","protected":false},"author":460,"featured_media":237941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61045,37],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why did Litecoin&#039;s MWEB upgrade take so long to roll out?<\/title>\n<meta name=\"description\" content=\"Litecoin finally has a rollout date for the MWEB upgrade, ending a long period of delays due to problems and bugs that had to be addressed\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/why-did-litecoins-mweb-upgrade-take-so-long-to-rollout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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