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What is MimbleWimble coin (MWC) and how does it work?

by Financial Economy

MWC is a cryptocurrency project with greater network scaling, privacy, and greater substitution power than other Blockchain protocols. It is stated in the Mimblewimble (MWC) whitepaper that the total MWC supply will be 20,000,000 units. Detailed information on what is Mimblewimble coin (MWC), how it works, how much is the price, how to buy it, which exchange is it on, etc. is in the continuation of the content. You can browse here for information about CARRY coin (CRE).

What is Mimblewimble coin (MWC) and how does it work?

Mimblewimble technology was launched in 2016. With a provable supply limit of 20,000,000, MWC is designed to provide greater network scalability, privacy, and switchability than legacy blockchain protocols. All transactions in the base layer use Greg Maxwell’s Coin Join with Confidential Transactions and signature collection. Blocks do not have addresses, transaction amounts, or intermediary inputs and outputs, and all transactions are indistinguishable from each other.

According to the whitepaper, with a limited supply of 20,000,000, MWC uses the Mimblewimble base layer and comes across as an open source project. In addition, CoinJoin and “secret transactions” are used in every transaction, and the “Cuckoo Cycle Proof of Work” algorithm is preferred.

Mimblewimble coin features!

In addition, according to the information in the whitepaper of the project, 10,000,000 MWC genesis blocks, which make up half of the total supply, were produced in the block and the remaining half will be circulated by mining. It is also among the statements made that 2,000,000 MWC has been reserved for the HODL program.

The project team argues that there are 10 characteristics of a good digital currency: stable in supply, resilient, extensible, durable, indestructible, buyer, portable, redeemable, private, and divisible. The team emphasizes that they have designed a crypto currency that combines these 10 features and stands out from other projects in this sense.

Mimblewimble coin aim!

The main feature of MWC transactions is to increase confidentiality. For this purpose, all transactions in the base layer are carried out with the logic of “secret transactions” and “signature sets” CoinJoin. As a result, there are no addresses, transaction amounts, intermediate inputs and outputs in blocks. If you are not a participant in the system, all the inputs and outputs look like random bits of data in the Blockchain.

MimbleWimble HODL program!

According to the statements made, the main purpose of the MWC HODL program is to ensure that the MWC product is of the highest value for both buyers and hodls. For this purpose, 2,000,000 MWC has been allocated for the aforementioned program.

How to buy MimbleWimble coins? What exchange is MWC coin available on?

MimbleWimble coin is listed on and can be purchased on cryptocurrency exchanges such as BitForex, Hotbit, etc. However, before making a transaction, it is necessary to make sure that the exchange is reliable. This is very important for investors.

MWC coin price!

On January 19, 2022 and at the time of writing, the price of 1 MimbleWimble coin is around $ 6.72 (the price can change instantly).

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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