🧙🏽‍♀️ [Analysis] MimbleWimble: the good and the bad – Mohamed Fouda

MimbleWimble (MW) was a Bitcoin ($BTC) improvement proposal made to achieve transaction privacy. Nevertheless, it was rejected by the community as it required significant changes to the protocol. &nbsp Benefits of MW include:

• Better privacy for users by shielding transaction amounts and avoiding the use of publicly visible addresses
• It allows for smaller blocks and smaller blockchain data size which makes it easier for nodes to join the network

The shortcomings of MW include:

• There is a need to have some form of communication between the sender and receiver
• It is more difficult to create multi-party transactions
• The transactions are not fully private and can be deciphered given enough analysis

Other privacy maintaining techniques, particularly Zcash's ($ZEC) shielded transactions and Monero's ($XMR) Ring Confidential Transactions and stealth addresses achieve significantly better privacy.