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NFTs and Mimblewimble Upgrade Come to Litecoin

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It is reported that the developer Anthony Gurrera bifurcated the code behind Bitcoin Ordinals into Liteoin and cast a copy of the white paper on the upgrade of…

NFTs and Mimblewimble Upgrade Come to Litecoin

It is reported that the developer Anthony Gurrera bifurcated the code behind Bitcoin Ordinals into Liteoin and cast a copy of the white paper on the upgrade of Mimblewimble as the first NFT effective on Liteoin. The Ordinals protocol on Bitcoin was launched by the developer Casey Rodarmor on January 21, aiming to make it possible to cast NFT on the Bitcoin chain ecological main network.

Developers split the code behind Bitcoin Ordinals to Liteoin

Analysis based on this information:


Anthony Gurrera, a developer, has bifurcated the code behind the Bitcoin Ordinals into Liteoin, which is a fork of Litecoin’s blockchain. Furthermore, he has cast the first non-fungible token (NFT) on the blockchain after mimicking the upgrade of the Mimblewimble protocol. This marks a significant step forward for NFTs and Litecoin.

The Ordinals protocol, which was launched on Bitcoin on January 21st, was an attempt to create NFTs within the ecological main network of the Bitcoin chain. Gurrera’s actions, in many ways, mirror the same idea. By using the Mimblewimble protocol, Gurrera bifurcated the code behind the Bitcoin Ordinals and created Liteoin, which can now host NFTs.

The Mimblewimble protocol is a privacy-based blockchain network that enables users to hide the amount of cryptocurrency they own and the addresses they use. This protocol’s integration into the Liteoin blockchain allows for more private and secure transactions. Additionally, the Mimblewimble upgrade is crucial when it comes to NFTs since NFTs represent unique digital assets that require a high level of security and privacy.

The creation and development of NFTs is still very much in its infancy. However, the ability to cast them on the blockchain is a significant step forward. This development could potentially change the way we manage and trade digital assets such as music, art, and other unique digital content. The creation of NFTs has already shown great promise in the music industry, as it provides a unique revenue stream for artists.

Overall, Gurrera’s work on Liteoin and NFTs is an exciting development for the blockchain community. It shows the potential of NFTs and how they can be used to manage and trade unique digital assets. Additionally, the use of the Mimblewimble protocol adds an extra layer of privacy and security to the process. As blockchain technology continues to develop, it will be fascinating to see how NFTs and other unique digital assets can be integrated into the ecosystem.

In conclusion, Anthony Gurrera has made a significant contribution to the development of the blockchain network with his work on Liteoin and NFTs. The integration of the Mimblewimble protocol has added an extra layer of privacy and security to the process. This development could potentially change the way we manage and trade digital assets such as music, art, and other unique digital content.

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