Deutsch
Français
English
Español
Italiano
العربية
中文
Português
Русский
TürkçeMimbleWimbleCoin Information
MimbleWimbleCoin leverages the MimbleWimble protocol to offer enhanced privacy and scalability features in the blockchain space. Its unique approach enables confidential transactions by obfuscating sender, receiver, and transaction details, appealing to privacy-focused users. As interest in privacy-centric cryptocurrencies continues to grow, MimbleWimbleCoin positions itself as a compelling option for users seeking anonymity and efficiency.
Understanding MimbleWimbleCoin: An Overview
MimbleWimbleCoin (MWC) is a privacy-oriented cryptocurrency that has garnered interest for its unique approach to transaction confidentiality and scalability. Borrowing its name from a tongue-tying spell in the Harry Potter universe, MWC leverages the Mimblewimble protocol to offer enhanced anonymity and efficiency compared to traditional blockchain architectures.
Historical Development and Performance
Launched in 2019, MimbleWimbleCoin quickly created a niche for itself due to its strong focus on privacy features. The blockchain technology underlying MWC reduces the size of transaction data stored on the blockchain, enabling greater scalability while simultaneously obscuring transaction details, thus preserving privacy.
MWC's highest recorded value was an impressive $31.77, occurring in February 2020. However, like much of the cryptocurrency market, it has experienced fluctuations, leading to a current price of approximately $22.55. The all-time low for MWC was at $0.298733, marking a significant journey for the coin with a dramatic recovery and growth since its inception.
Advantages of MimbleWimbleCoin
One of MWC's standout features is its robust privacy protection. By using the Mimblewimble protocol, MWC ensures that transaction amounts and addresses remain confidential, offering an appealing solution for users valuing privacy.
Additionally, the technology behind MWC allows for a more compact blockchain, which enhances the network’s scalability. This is achieved through a process called "cut-through" in which unnecessary transaction data is eliminated, significantly reducing the blockchain's size.
Drawbacks and Challenges
Despite its innovative features, MWC faces several challenges. Firstly, its privacy-focused protocol, while beneficial for users, may attract regulatory scrutiny. Cryptocurrencies prioritizing anonymity often face hurdles in jurisdictions requiring transparency and adherence to anti-money laundering regulations.
Furthermore, the coin's use case is largely centered around privacy, which might limit its adoption and scalability in other potential applications compared to more versatile cryptocurrencies.
Future Prospects
The future of MimbleWimbleCoin looks cautiously optimistic. Its unique protocol sets a high standard for privacy and scalability, which could see increased demand as privacy concerns grow among users worldwide. However, regulatory developments will be crucial in shaping its adoption and potential integration into broader financial systems.
Investors and enthusiasts should watch for developments in technology upgrades and regulatory policies that could impact MWC's value and utility. With a capped max supply of 20 million, the coin’s scarcity might also play a significant role in its future valuation.
Conclusion
In summary, MimbleWimbleCoin presents a compelling choice for those prioritizing privacy and scalability. Its historical performance highlights significant growth potential, though caution is advised regarding regulatory landscapes that could influence its trajectory. As a part of a market continually evolving with technological innovations and policy shifts, MWC's journey ahead will be one to watch.
|
from price
$30
|
General Information |
|---|
|
Title
MimbleWimbleCoin
|
|
Symbol
mwc
|
|
Whitepaper
-
|
|
Website
|
|
Community
-
|
|
Last Updated
2025-01-21 23:51
|
Price Data |
|
Current Price $
29.54
$
|
|
High 24h
29.89
$
|
|
Low 24h
28.4
$
|
|
Price Change 24h
1.12
$
|
|
Price Change % 24h
3.92731
%
|
Market Data |
|
Market Cap
324367582
|
|
Total Volume
3130.41
|
|
Market Cap Change 24h
12039288
|
|
Market Cap Change % 24h
3.85469
%
|
|
Return on Investment (ROI)
-
|
Supply and Availability |
|
Circulating Supply
10972883.55694
|
|
Total Supply
10972915.65694
|
|
Max Supply
20000000
|
Historical Data |
|
All Time High (ATH)
31.77
|
|
ATH Change %
-6.98478
%
|
|
ATH Date
2020-02-22 00:00
|
|
All Time Low (ATL)
0.298733
|
|
ATL Change %
9792.74501
%
|
|
ATL Date
2019-12-05 00:00
|