Litecoin Could Be Delisted from Large Cryptocurrency Exchanges Because of This Update

Thanks to the MWEB update, Litecoin security increased, but centralized exchanges are not so happy about it

in countries like South Korea may initiate the delisting process due to potential legal issues. The main issue with the new update, which will be activated on block 2257920, is improved confidentiality between senders and receivers in a transaction.

Mimblewimble Extension Blocks allow users to send coins to the extension block and back to the main chain.Simply put, MWED opens up the possibility of sending"confidential" transactions on a chain that hides the amount sent. Essentially, it makes the tracking of a sent sum impossible and nontaxable by authorities in countries like South Korea. Developers have also added that updates increase the network's throughput and transaction processing speed.

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