The latest news on parts based on MimbleWimble
There are several pieces based on MimbleWimble protocol. The one that has existed for the longest time is Beam, which over the months has seen great fluctuations with real ups and downs.
The cryptocurrency made its market debut in January 2019 with an initial price of around $ 0.66. During the first two weeks of launch, the price climbed to $ 2, before falling below $ 0.4 in early June of the same year.
At that time, it had another peak, which brought the price to almost $ 2.5 at the end of June, then fell back to $ 0.5 at the beginning of March 2020. During the collapse in mid-March , the Beam price dropped to $ 0.2, then settle around the share of $ 0.3.
The parable of Smile, which made its market debut a few days after Beam with a price of almost $ 10. However, the price almost immediately began to drop, reaching $ 2 in early June 2019.
At that time, it peaked, more or less at the same time as Beam, which lowered the price above $ 6 in late June, then fell below $ 1 in early March 2020. During the collapse from mid-March the price dropped below $ 0.4, and has since fluctuated around $ 0.5.
MimbleWimble Coin (MWC), however, only made its market debut in February 2020, with an initial price of around $ 20. With the stock market crash of mid-March, it fell below $ 4, but then recovered to reach $ 27 in early May. Now fluctuates around $ 15.
Unfortunately in November 2019 Ivan Bogatyy He revealed to have been able to deanonymize MimbleWimble data, specifically managing to read 96% of Grin transactions.
According to Bogatyy MimbleWimble would be fundamentally imperfect, East:
“It should no longer be seen as a viable alternative to Zcash or Monero when it comes to privacy.”
For example, the price of XMR (Monero) has increased since January 2019, from about $ 50 to about $ 60, while that of Zcash has dropped slightly, from about $ 60 to about $ 50 .
Bogatyy failed to find the transaction amount data, but managed to find the addresses involved in the transactions, requiring an effective fix for MimbleWimble.
A few days ago Grin was called a dead plane, without any sign of life, but in reality the developers continue to work on it, with the release of the network upgrade Grin v4.0.0 (HF3) scheduled for July 15, 2020, while the beta version should be available from June 2.
In addition, updates were posted continuously to the Grin website even after November 2019, so the project still continues to be alive and fully operational.
As well the Beam project continues, with a second hard fork scheduled for June 28.
Different speech applies to MWC, because it is a project born recently and which in April has already made a first hard fork.
It is therefore a delicate phase for parts based on MimbleWimble, because it is necessary to implement the project to make it more efficient and secure in the protection of transaction data.
Competition from other high-level cryptocurrencies privacy with a more reassuring historian behind him, like Monero, this could be a difficult obstacle to overcome in order to spread, but the fact that there are three different teams working there means that development in this specific sector continues unabated.
The post The latest news on coins based on MimbleWimble first appeared on The 100Count.