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MimbleWimbleCoin

MWC

Price
$0.72
12/1/2022, 6:42:09 AM
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Market

Market stats

Market cap

$7.8M

Volume (24h)

$169.25

Circulating supply

10.9M MWC

All time high

$32.49

Price change (1h)

-8.63%

Price change (24h)

-7.24%

Price change (7d)

-24.15%

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MimbleWimbleCoin is on the decline this week.

The price of MimbleWimbleCoin has fallen by 24.15% in the past 7 days. The price declined by 7.24% in the last 24 hours. In just the past hour, the price shrunk by 8.63%. The current price is $0.72 per MWC. MimbleWimbleCoin is 97.80% below the all time high of $32.49.

The current circulating supply is 10,880,182.107 MWC.

About

What Is MimbleWimbleCoin (MWC)

MimbleWimbleCoin (MWC) is an implementation of a blockchain protocol called Mimblewimble. MimbleWimble provides privacy and scalability by verifying that all transactions are valid without storing the entire chain history. The mission of MWC is to match and exceed every other traditional currency in the market to produce good and qualitative currency.

As per the whitepaper, Bitcoin set the standard of digital currency in the market. But Bitcoin lacks a few of the key characteristics of a sound currency. MimbleWimble technology was created to solve privacy and convertible deficiencies while also providing good network scalability. MWC uses Confidential Transactions at the core of its design, which means that all the amounts are blinded. 

The main idea behind Confidential Transactions is it proves that the sum of the input amounts minus the output amounts to zero. All transactions within MimbleWimble keep the data about the sender, receiver, and amount private. Each MWC is fungible as it does not have a unique transaction history recorded on a public ledger. Fungible means something (such as currency or a commodity) is of such a nature that another equal part may replace one part or quantity.

MWC offers scarcity, fungibility, security, scalability, and privacy. The MWC development team strives for technological and economic innovation in order to maximize the MimbleWimble protocol's benefits. The MWC team has created a functional GUI (graphical user interface) wallet and developed a method for secure offline cold storage of MWC. The team also completed an MWC/BTC atomic swap and is investigating the development of a mobile node (point of intersection within a network). An atomic swap is a transaction in which coins from different blockchains are exchanged.

History of MimbleWimbleCoin(MWC)

The MWC network launched in November 2019. The whitepaper was released on July 19, 2016. MWC has a maximum supply of 20,000,000 coins.

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FAQ

What is the current price of MimbleWimbleCoin?

The price of 1 MimbleWimbleCoin currently costs $0.72.

What is the market cap of MimbleWimbleCoin?

The current market cap of MimbleWimbleCoin is $7.80M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of MimbleWimbleCoin?

The all-time high of MimbleWimbleCoin is $32.49. This all-time high is highest price paid for MimbleWimbleCoin since it was launched.

What is the 24 hour trading volume of MimbleWimbleCoin?

Over the last 24 hours, the trading volume of MimbleWimbleCoin is $169.25.

What other assets are similar to MimbleWimbleCoin?

Assets that have a similar market cap to MimbleWimbleCoin include UniCrypt, Rupiah Token, MileVerse, and many others. To see a full list, see our comparable market cap assets.

How many MimbleWimbleCoin are there?

The current circulating supply of MimbleWimbleCoin is 11 million.