Mimblewimble Protocol Explained: 2016 Privacy Upgrade Now Powering Grin, Beam (Since 2019) and Litecoin’s 2022 MWEB Launch
The growing adoption of blockchain technology faces two major challenges: privacy and scalability. The Mimblewimble protocol allows users to protect their transactions through secure methods. It results in a smaller Bitcoin blockchain footprint and provides better security protection.
The pseudonymous developer Tom Elvis Jedusor first introduced Mimblewimble as a research paper in 2016. It later developed into active network systems to power Grin Beam and Litecoin’s Mimblewimble Extension Blocks network operations.
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