{"id":62133,"date":"2022-05-27T14:41:04","date_gmt":"2022-05-27T11:41:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62133"},"modified":"2025-09-05T16:08:50","modified_gmt":"2025-09-05T13:08:50","slug":"elliptic-unveils-tool-to-track-confidential-litecoin-transactions","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/elliptic-unveils-tool-to-track-confidential-litecoin-transactions\/","title":{"rendered":"Elliptic unveils tool to track confidential Litecoin transactions"},"content":{"rendered":"<p>The analytics firm Elliptic added tools to the platform for tracking transactions on the Litecoin blockchain following the activation of the MimbleWimble Extension Block (MWEB) update.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Elliptic is the first blockchain analytics provider to support the Mimblewimble privacy feature on Litecoin keeping regulated businesses compliant with anti-money laundering regulations and sanctions.<a href=\"https:\/\/t.co\/qpzLpVqzZh\">https:\/\/t.co\/qpzLpVqzZh<\/a><a href=\"https:\/\/twitter.com\/hashtag\/litecoin?src=hash&#038;ref_src=twsrc%5Etfw\">#litecoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/mimblewimble?src=hash&#038;ref_src=twsrc%5Etfw\">#mimblewimble<\/a><\/p>\n<p>\u2014 elliptic (@elliptic) <a href=\"https:\/\/twitter.com\/elliptic\/status\/1530098486393425920?ref_src=twsrc%5Etfw\">May 27, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On May 19, the Litecoin network activated the MWEB update. The <a href=\"https:\/\/forklog.com\/en\/news\/what-is-mimblewimble\">MimbleWimble<\/a> protocol uses several technologies, including confidential transactions and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-coinjoin-what-is-zerolink-what-is-stonewall\">CoinJoin<\/a>, which hides the inputs and outputs of senders and recipients, and also merges multiple transactions into one.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis poses a problem for companies involved in LTC transactions. They must comply with anti-money laundering rules or prevent sanction circumvention. Information [about senders and recipients of transfers] such entities use to assess risk,\u201d the press release says.<\/p>\n<\/blockquote>\n<p>Earlier, Litecoin delistings were permitted on Bithumb and Upbit following the activation of MWEB. The platforms said they operate in accordance with South Korea&#8217;s laws requiring AML and counter-terrorism financing measures.<\/p>\n<p>The companies stressed that their policies provide for delisting of an asset if it &#8220;violates laws, government decrees, and the regulations of financial authorities&#8221;.<\/p>\n<p>Elliptic explained that the launched tool is not aimed at tracking or de-anonymising Litecoin users. The solution enables a client to determine whether a transaction or wallet contains funds that were added using privacy features.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cCompliance professionals can use these data to assess risk and conduct further, comprehensive checks,\u201d the companies added.<\/p>\n<\/blockquote>\n<p>Back in 2020, Elliptic introduced a similar solution for the cryptocurrencies Zcash (ZEC) and Horizen (ZEN).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The analytics firm Elliptic added to the platform tools for tracking transactions on the Litecoin blockchain following the activation of the MimbleWimble Extension Block (MWEB) update.<\/p>\n","protected":false},"author":1,"featured_media":62134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1535,209,561],"class_list":["post-62133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elliptic","tag-litecoin","tag-mimblewimble"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=62133"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62133\/revisions"}],"predecessor-version":[{"id":62135,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62133\/revisions\/62135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/62134"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=62133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=62133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=62133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}