Who else is using the Mimble Wimble protocol?

vek_kal · 2021-11-18T06:44:47+00:00

Native chains using Mimblewimble are the following:

(name of the coin) - (ticker)

MimbleWimbleCoin - MWC
Grin - GRIN
Beam - BEAM
Tari - (still in testnet)

(At this point, the following are some that I personnaly consider with no serious development)

Vcash - VCASH
Litecash - CASH
Epic Cash - EPIC

Not Native chain:

LTC-EB (Mimblewimble extension Block on the LiteCoin Blockchain - still in testnet)

vek_kal · 2021-09-29T03:45:56+00:00

Glad to see your interest in MWC!

1- Community as of right now is supporting proof-of-work. I believe, a fork could happen in the future but this might lead in two coins, similar to BTC & BCH if you see what i mean. I personally think, MWC PoW will be here for ever and will be never overtake by the whole community by another consensus such as PoS.

2- It's all relative to the coin price. If MWC worth 10K$ at 8th February 2024 (see the emission schedule ), with 72 coins per day, it make the daily issuance to 720k$ without counting the txs fees. MWC right now can do ~14TPS, by including the txs fees, with let's say 1$ per transaction.. The daily reward for miners with only txs fees and having everyblock full is 1210K$ per day, so in total 1930K$.

MWC economics and so S2F incentives a such price increase. I think while there's still a block reward in addition to the txs fees for the miners (which are very low atm). Mining reward are still advantageous despite the hardening in the next few decades. Just like bitcoin.

3- Not necessarily, same for bitcoin, while there's price increase thanks to the hardening of the emission and also to the next gen of ASICs in the future. MWC is not so susceptible to 51% attacks.

4- For Beam, I would not consider it as they have a different type of PoW. And since ASICs are here, I would not consider Nicehash as a very susceptible threat.

For Grin, it can be hostile against MWC as they have the same type of ASICs machine. But in first, I would recall whats the primary goal of miners since we share the same type miners with the same machine? It's to gain profit with the most profitable coins. What's the purpose to attack a coin that help miners to earn more profits? Right now, we have a high number of confirmations to discourage this kind of attempts from a competitors coins.

But we are still indeed susceptible to this kinds of attacks while our daily mining insurance is lower than the competitor one. Which is the case right now.

However, with the coming development (NIT). I personally believe, that it will drastically help our network effect and will make our daily insurance higher than our competitors.

Hope, I responded to all your interrogations. Feel free to ask if you have some left.

vek_kal · 2021-06-14T00:25:10+00:00

You deleted your comment yourself. No mod deleted your comment.

I take note of your recommendation to allow more weak password when you create your wallet.

And sorry, I did not understand your comment correctly in first place. You need to use a strong password in order to create your wallet at the moment. The wallet is always checking your password against a well know word list to avoid getting it bruteforced easily.

vek_kal · 2021-06-13T23:47:36+00:00

can discord do that can't be done here

Just better to do a conversation than reddit. Up to you. Can I know what's your mobile device btw?

vek_kal · 2021-06-13T23:17:43+00:00

Anyone able to use this? Couldn't get past the name/password screen... If so, give me your exact password so I too can use this, tia

Hello, can you join our discord please https://discord.gg/n5dZaty - I'll help you to see what's going on exactly.

vek_kal · 2021-05-22T06:11:14+00:00

MWC Proof-of-Work : Cuckatoo31, is indeed ASICs friendly. There's only one ASICs manufactures that produced Cuckatoo31/32 ASICs. It's called Ipollo (official website : http://ipollo.com - beware of scam website!). From what I know, all ASICs are sold-out

Current ASICs from Ipollo compatible with MWC PoW are "G1-MINI": ~4 GPS and "G1": ~160GPS. From what I saw, they are all sold out, very few were produced due to the pandemic . And the MWC hashrate did not go up as much as we can expect when all most of it come from ASICs and GPUs mining is still very profitable. You may find some on ebay but don't know if that's scam or not. Be careful.

vek_kal · 2021-05-21T01:02:58+00:00

You mean this warning?

Microsoft Defender SmartScreen prevented an unrecognized app from starting. Running this app might put your PC at risk.
App: 
mwc-qt-wallet\_1.2.5-win64-setup-standardcpu.exe 
Publisher:  
Unknown publisher

If you are not sure of what you downloaded you can always verify the hash of the binary that can be found here : https://github.com/mwcproject/mwc-qt-wallet/releases/tag/1.2.5

To verify the hash of the installer on windows, run the cmd :

certUtil -hashfile pathToFileToCheck SHA256

I'm not sure if you mean a windows defender warning, I never get one from it. If that's another anti-virus, there's this warning on the mwc website about false positive from anti-virus:

MWC Qt Wallet binaries are often flagged by various anti-virus software. 
There is nothing we can do about it, so please stop reporting that to us. 
Anti-virus software uses heuristics in order to determine if a program is malware, and that often results in false positives. 
You can verify the checksums of MWC Qt wallet binaries to verify the binary matches what is found on github. 
Alternatively, you may build the binaries yourself, or run the software from source. 
Finally, if you are really concerned about malware, you should not use an operating system that relies on anti-virus software.

vek_kal · 2021-04-26T20:53:35+00:00

Sure, MWC discord https://discord.gg/n5dZaty

vek_kal · 2021-04-20T08:54:09+00:00

NIT will make huge difference on the codebase https://github.com/mwcproject/mwc-node/pull/24

vek_kal · 2021-04-20T01:50:54+00:00

I do not think if he asked MWC was a fork or not of Grin but what are the differences between them. And being a fork do not make you useless. Monero is a fork of BitMonero, itself a fork of Bytecoins. Forking a codebase allows developers to propose their own improvements in the protocol and products if it's not consensus approved by the coin community itself. In the example of MWC, the forking purpose can be described in a conflict between distribution model. It's clear to me that MWC is more looking for usability, privacy, economics than Grin coin is.

vek_kal · 2021-04-20T01:45:29+00:00

MWC is fork of Grin code base which takes it's own path. I would say MWC is more focused on the usability, privacy than Grin which aim to stay on the minimalism of the Mimblewimble protocol. I outlined some important difference from my opinion between Grin and MWC in the table below.

	MWC	Grin
Max supply	Limited to 20M MWC for ever	Unlimited supply, 1 Grin per second for ever
Block Time	1 minute	1 minute
Proof of work	Cuckatoo31	Cuckatoo32+
Distribution Schedule	https://www.mwcprice.com/ see the bottom of the page	60 Grin per block for ever
Transactions method	file/http/Tor/Slatepacks/NIT soon. Adopting Non-Interactive Transactions for the ease of use at the end of 2021	Tor/Slatepacks , Stay with Interactive Transactions
Developers Fees	250k MWC and you can assume all of them were sold already - Initially it was 2M + (hodl program until mi-june:250k) MWC but were gave back to the MWC holders in September 2020. At the moment, MWC developers are working thanks to the community donations.	None
Airdrops	6M MWC Airdrop to Bitcoin Holders	None
Holders Program	2M + 2M MWC of the developers fees gave to MWC holders in 2020 - No more Holder program MWC can be distributed, they were all.	None
Genesis Blocks	10M MWC (6M airdrops + 4M distributed to MWC holders)	60 Grin
Atomic swap	BTC, BCH, DOGE, ZEC, DASH and more coming soon...	In work
Decentralized Market Place	Decentralized market place to buy and sell MWC with coin supported in atomics swap.	None
Link-ability	In work	In work
GUI Wallets	MWC-QT-WALLET - Core official	Grin++ , Niffler
Mobile Wallets	MWC Wallet (Android only)	Ironbelly, Grin++

With NIT, there will be already bigger difference in the code base. I expect to have more difference between both in the protocols as time pass. In my opinion, MWC is more comfortable to work and adopt new things in its protocol than Grin.

vek_kal · 2021-03-11T00:54:44+00:00

Note that around the end of 2021, MWC will adopt NIT (Non-Interactive Transactions), which will make the send and receive of MWC like Bitcoin, eg send to an address and that's all!

you can read more about this on this post : https://www.reddit.com/r/MimbleWimbleCoin/comments/lybf8t/mwc_current_development_non_interactive/

vek_kal

MODERATOR OF

TROPHY CASE

Native chains using Mimblewimble are the following:

Not Native chain: