What is MimbleWimbleCoin (MWC)?
MimbleWimbleCoin (MWC) is a token based on the pure PoW Mimblewimble protocol. The token offers higher network scalability, privacy, and fungibility than traditional blockchain technologies.
A decentralized privacy-focused system called Mimblewimble employs a revolutionary method for organizing and storing transactions on the blockchain. It employs the Cuckoo Cycle Proof-of-Work in two variants – Cuckaroo, which is ASIC-resistant, and Cuckatoo, which is ASIC-targeted. Mimblewimble was created by an unidentified developer who went by the moniker Tom Elvis Jedusor in the middle of 2016. In the French translations, Riddle's name is Tom Elvis Jedusor, which anagrams to "Je suis Voldemort." The protocol's name was also inspired by a tongue-tying spell from Harry Potter.
The MWC project's objective is to meet and outperform any other service on the market in terms of security and scalability. All facets of the MWC financial service, from conception to distribution and expansion help increase monetary sovereignty for those who purchase and hold MWC tokens. This is done with minimum cost and maximum benefit to efficiently harness the potential of human action. You can view the latest MWC price on the charts above.
Use Cases of MWC
MimbleWimbleCoin is intended to obscure any crypto transfer to keep it secret and untraceable. Because the Mimblewimble blockchain is very scalable, it increases the MWC usability and privacy. Since MWC trades don’t show the address, amount, or other inputs and outputs in blocks, there’s no way for anyone other than a transaction party to distinguish one transaction from another because the details seem like random pieces of data.
Besides that, MWC is also utilized to reward miners for verifying transactions and ensuring the network's security.
Lastly, MWC token holders can simply HODL their tokens to earn more of them.
Planning to acquire MWC crypto assets? Before doing that, make sure to analyze the MimbleWimbleCoin price. Use the MWC price chart above for doing that.
Who Founded MimbleWimbleCoin?
The MimbleWimbleCoin crypto project does not offer any information on the identity of founders as they have chosen to remain anonymous, only stating that the platform is “brought to you by a team of experienced cypherpunks”.
Tokenomics of MWC
With a max supply of 20 million MWC, the platform has structured a 50/50 distribution model for the token:
- 10 million MWC to be PoW mined.
- 10 million to be airdropped among BTC holders and used as HODL program rewards to those owning MWC tokens.
Don't forget to refer to the charts above to see the live MimbleWimbleCoin price, trade volume, market cap, and other metrics.
