Yugocean
Valued Contributor
Major cryptocurrency exchanges from South Korea, such as Bithumb, Upbit etc have delisted Litecoin (LTC) on June 8, 2022, this new development is the result of the deployment of Mimblewimble update on the main Litecoin network.
On May 23, 2022, Litecoin published its advanced Mimblewimble Extension Block (MWEB) soft fork, which included a privacy mechanism to make it more private.
South Korea's Specific Financial Information Act mandates that exchanges be able to review transactions for transparency in order to avoid unlawful money laundering and blackmail financing. MimbleWimble, on the other hand, hides sender and receiver inputs and outputs and aggregates numerous transactions into a single transaction, making it private.
Because South Korean exchanges are unable to understand LTC transactions as a result of MimbleWimble, they have decided to delist LTC to avoid lagle problems.
MimbleWimble is not bad, it is only brought to bring privacy in the Litecoin network. With this LTC will be able to counter others.
On May 23, 2022, Litecoin published its advanced Mimblewimble Extension Block (MWEB) soft fork, which included a privacy mechanism to make it more private.
South Korea's Specific Financial Information Act mandates that exchanges be able to review transactions for transparency in order to avoid unlawful money laundering and blackmail financing. MimbleWimble, on the other hand, hides sender and receiver inputs and outputs and aggregates numerous transactions into a single transaction, making it private.
Because South Korean exchanges are unable to understand LTC transactions as a result of MimbleWimble, they have decided to delist LTC to avoid lagle problems.
MimbleWimble is not bad, it is only brought to bring privacy in the Litecoin network. With this LTC will be able to counter others.
