Q. What's MibleWimble Protocol?
2 Answers
Mimblewimble is a privacy-focused incredibox blockchain protocol first introduced in 2016 in a paper titled “Mimblewimble” by an anonymous author using the pseudonym Tom Elvis Jedusor, a character from the Harry Potter series. The protocol is named after a spell in the books that prevents people from speaking about a specific topic.
answered by Anonymous
- MimbleWimble is a blockchain format and protocol that provides extremely good scalability, privacy and fungibility by relying on strong cryptographic primitives. It addresses gaps existing in almost all current blockchain implementations (source : https://github.com/mimblewimble/grin...)
- What is Mimblewimble?
Tested for decades, Mimblewimble uses elliptic-curve cryptography that requires smaller keys than other cryptography types. In a network that is using the Mimblewimble protocol, there are no addresses on the blockchain, and the network’s data storage is highly efficient.
Mimblewimble needs about 10% of the data storage requirements of the Bitcoin network. This makes Mimblewimble highly scalable for storing the blockchain, significantly faster, and less centralized. Furthermore, the nature of the protocol allows for private transactions that are highly anonymous (more about this later)
(Source : https://cryptopotato.com/what-is-mim...)answered by rahmanyasir