Shielded Bitcoin Proposal Aims to Bring Privacy to Bitcoin L1
A New York cryptography lab has proposed Zcash-style private transfers on Bitcoin without changing Bitcoin itself. Published on Thursday by [[alloc] init], Shielded Bitcoin would hide amounts and counterparties without a soft fork, separate blockchain, federation or trusted operator. Bitcoin would simply store and order encrypted data that it cannot understand, while outside software verifies […]
Key Takeaways
- A New York cryptography lab has proposed Zcash-style private transfers on Bitcoin without changing Bitcoin itself.
- Published on Thursday by [[alloc] init], Shielded Bitcoin would hide amounts and counterparties without a soft fork, separate blockchain, federation or trusted operator.
- Bitcoin would simply store and order encrypted data that it cannot understand, while outside software verifies […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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