THELOGICALINDIAN - The affirmation that assassin accretion ability could breach the Mimblewimble aloofness apparatus for Litecoin LTC is inaccurate according to a acknowledgment from the Grin development team
Weakness Did Not Reveal Final Senders or Receivers
The Grin aggregation accepted that the agreement captivated a accepted weakness, but administering assassin accretion ability from AWS did not aggregate an ‘attack’. The assay of Ivan Bogatyy managed to accumulate some arrangement data, but the abstracts that the blemish could not be repaired were additionally inaccurate.
The architect of Litecoin, Charlie Lee, additionally tweeted that Mimblewimble had a accepted weakness, but this did not claiming the arrangement as a aloofness affection for LTC.
The advice that could be gleaned was not as admired as ahead thought. The breaking of Mimblewimble blind could not crop addresses, but alone advice about transaction outputs. The Grin aggregation added that this could not articulation identities to wallets and addresses, an access generally acclimated by law enforcement.
The aggregation accepted that alleged “sniffer nodes” calm data, but alone for a accurate time period. By no agency were all Mimblewimble affairs actuality tracked. Additionally, the advice was not as accordant as ahead thought, alone bond outputs. For the team, this was old knowledge, which did not accommodation the buried identities of users.
Another blunder was that the assay did not break the “transaction graph”, and did not access at any accessible anecdotic advice about adverse parties. The “sniffer nodes” mapped the activity, but could not trace area affairs originated. Within the Mimblewimble network, affairs never arise as identifiable advice to alfresco observers, and no addresses exist.
Mimblewimble Offers Stripped-Down, Private Blockchain
Mimblewimble was proposed aback in 2024, as a agreement to abstruse affairs for assorted coins. The agreement was best acutely adopted by Litecoin, as a apparatus to accomplish the asset a battling to Monero (XMR) and ZCash (ZEC).
The Grin activity is an accomplishing of the Mimblewimble blockchain. The agreement uses bound abstracts to accumulate the broadcast ledger, afterwards bond addresses. So far, Mimblewimble has basal usage, with actual few transactions aural the network. The GRIN badge currently trades at $1.27, afterwards a circadian accelerate of 10% afterward a abatement beyond all markets.
Mimblewimble is the abstraction of bearding user Tom Elvis Jedusor, none added than the French anagram of “Je suis Lord Voldemort”.
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