We are pleased to announce the release of mwc-node 3.2.3. This is an important release, because it introduces TOR outbound connectivity capabilities. That means that, if configured correctly, the mwc-node will connect to all other hosts through TOR.
Future of privacy and fungibility in MWC. We discuss the TOR address payments in the latest version of the Qt wallet and what's to come.
The MWC HODL Program of 2,000,000 MWC has been fully distributed. HODL Claim #3 closes at block 330,000.
We're pleased to announce the release of MWC Qt Wallet 1.0.22. It can be downloaded from the download page or on Github. The primary feature implemented in this version of the wallet is TOR capabilities.
The third and final HODL reward will be distributed during June. Be sure to register and claim to receive your free MWC. The end of Part One of the MWC saga is approaching and then Part Two will begin. Onward and upward!
The mission of the MWC developer team is to match and exceed every other good in the market with regard to the ten primary monetary characteristics in order to produce a good that is the superior qualitative money. Good money in the Information Age is (1) recognizable, (2) scarce, (3) censorship resistant, (4) durable & indestructible, (5) extensible, (6) salable, (7) portable, (8) fungible, (9) private and (10) divisible.
Andrew Poelstra's 2016 San Fran BitDevs presentation on Mimble Wimble sent shockwaves through the Bitcoin developer community. Mimble Wimble provides an approximate 3x scalability improvement over legacy blockchain technology plus other benefits.
Three main properties of MWC transactions increase their privacy. All transactions on the base layer are CoinJoined with Confidential Transactions and signature aggregation. Consequently, there are no addresses, transaction amounts or intermediary inputs and outputs in blocks and all transactions are indistinguishable from one another. Unless you are a transaction participant then all inputs and outputs look like random pieces of data on the blockchain.
MWC transactions and block format transactions can be merged when an output is directly spent by the input of another and this can happen without being broadcast to the network. It is as if when Alice sends MWC to Bob and then Bob sends MWC to Carol then Bob was never involved and his transaction is actually never seen on the blockchain. All these features and yet the whole blockchain can be stored, downloaded and fully verified in just a few gigabytes or less.
The MWC development team seeks to innovate and bring out all of the MimbleWimble protocol benefits. The team has already created a fully functional GUI wallet, developed a method for secure offline cold storage of MWC, completed a MWC/BTC atomic swap on testnet and is working on multi-sig transactions and Lightning Network.
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