Encyclopedia

What is ‘Layering’ in Traditional Money Laundering? The layering stage of money laundering is moving illegal money via various financial instruments to make the criminal source of the funds untraceable. With illegal activities generating huge amounts of money, especially in amounts that put transactions on the radar for investigations, money laundering has been one method

What is MimbleWimble?  MimbleWimble is an upgrade to the Litecoin network aimed at protecting transaction privacy. Blockchains like Litecoin are transparent by default – the sender’s address, recipient’s address and the amount sent are all open to view to all. MimbleWimble, first suggested in 2016 by Tom Elvis Jedusor (a developer’s online handle, taken from