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RE: Steemit Crypto Academy Contest / S12W3 - The Mimblewimble protocol .

in SteemitCryptoAcademy • 11 months ago

Greetings, your rationale for the MimbleWimble protocol is remarkable. You have talked about how the MimbleWimble protocol will bring positive changes to the Steem blockchain in the area of scalability if it's incorporated into the Steem Blockchain.

However, Steem is a Decentralized blockchain and a Social media Blockchain, I think the secrecy of the mimblewimble protocol goes against these purposes.

11 months ago in SteemitCryptoAcademy by
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     11 months ago 

    Thank you for your comment.

    Steem is a Decentralized blockchain and a Social media Blockchain, I think the secrecy of the mimblewimble protocol goes against these purposes.

    Steem as a Blockchain can adopt the MimbleWimble protocol and transactions are done on the steem Blockchain like any other Blockchain. Somebody can transact on the steem Blockchain without using the social media aspect of it and will require more privacy in terms of his address, receivers address and quantity of the token sent and may require such privacies which is the aim of the MimbleWimble protocol.

    Hope you get the gist?

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