Mimblewimble with Sal & Rafe ~ Open Source Everything



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Imagine that we can combine across blocks (perhaps with some glue data) so that when the outputs are created and destroyed, it is the same as if they never existed. Then, to validate the entire chain, users only need to know when money is entered into the system (new money in each block as in Bitcoin or Monero or peg-ins for sidechains) and final unspent outputs, the rest can be removed and forgotten. Then we can have Confidential Transactions to hide the amounts and OWAS to blur the transaction graph, and use LESS space than Bitcoin to allow users to fully verify the blockchain. And also imagine that we must not pairing-based cryptography or new hypotheses, just regular discrete logarithms signatures like Bitcoin. Here is what I propose.
I call my creation Mimblewimble because it is used to prevent the blockchain from talking about all user’s information.
http://mimblewimble.org/mimblewimble.txt

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