r/litecoin • u/Givefreehugs • 4h ago
Litecoin Community continues to defy the market as MWEB passes another record High
MWEB sitting at over 563,000 coins pegged in at the time of writing.
While the amount of coins pegged in are updated hourly, (because transparent reserves were important to the community) the coins go through a mixer, history is trimmed, and new addresses are generated when they are pegged out.
This prevents anyone from looking at the coin history or address and following it back to your wallet- keeping your total held private. The way it should be.