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INTRODUCTION
The Mimblewimble protocol is known as a part of the block chain technology which focuses on ensuring the hundred percent safety of its users privac, it achieves and ensures the maintenance of users privacy through features like confidential transactions and Coin join, while it optimizes and enhance scalability through the concept of Cut through.
The Mimblewimble protocol was creted by an individual or group of individuals using the pseudonym Tom Elvis Jedusor because of their anonymity we don't really know much about Tom Elvis Jedusor.
MODE OF OPERATION OF MIMBLEWIMBLE PROTOCOL
The Mimblewimble functionality is all about enabling a more improved and reliable means of facilitating efficient and private cryptocurrency transactions, in this post of mine i will be discussing and explaining some of the key and basic mode of operation of the mimblewimble protocol.
COIN JOIN: One mode of operation of the Mimblewimble protocol is clearly seen and noticed in the incorporation of the mechanism of Coin join, the coin join is basically a technique that was initially and originally proposed so as to further enhance privacy by the developer Gregory Maxwell.
Coin join operates by enabling and allowing the processing and carrying out multiple transactions that are compiled and combined into a single transaction, thereby making it difficult for any external or unauthorized parties to detect or trace the ownership, flow and movement of each individual transactions of digital coins.
In the Mimblewimble protocol, Coin join basically operates by aggregating and combining multiple and similar input and output transactions as a result effectively enhancing transaction privacy
This method of transaction cut through reduces the size of the block chain network as a result and improving the scalability of the network by eliminating redundant data and freeing up space and increasing the efficiency of storing and validating transactions.
THE DANDELION: Another mode of operation of the Mimblewimble protocol is through the implementation of the Dandelion protocol, the dandelion is a feature of the Mimblewimble protocol, it is a protocol extension that improves privacy.
This method of processing transactions that the dandelion ensures basically prevents the enemies and attackers of the network whether legally or illegally from easily tracing the source of any transaction.
SCRIPTLESS SCRIPT: Scriptless Script, another mode in which the Mimblewimble protocol operates, is a ground breaking cryptographic technology that enables complex smart contract to function and carryout their normal transactions without discarding or revealing any sensitive information whatsoever on the blockchain.
The scriptless script is a trustless mode of interactions between parties without necessarily requiring an on chain scripting, it therefore enhances the usability and flexibility of Mimblewimble based cryptocurrencies seeing as it supports and facilitates advanced types of transaction yet it still maintains and ensures users privacy.