Researchers Publish ' $ZEC -Style' Design for Private $BTC Transfers The Shielded Bitcoin spec hides senders, receivers and amounts, but leaves how BTC enters and exits the system to a later paper. Researchers at [[alloc] init] have published a specification for Shielded Bitcoin, a protocol for private transfers on the Bitcoin base layer. The design borrows Zcash's encrypted notes and zero-knowledge proofs, and requires no changes to Bitcoin's consensus rules. Mechanisms for moving BTC into and out of the shielded system are not covered and are due in a separate paper. #BTC Price Analysis# #Macro Insights#