Bitcoin Privacy Proposal Could Bring Zcash-Style Shielding to $BTC Researchers Clara Shikhelman, Mikhail Komarov, and Aleksei Moskvin of [alloc] init have proposed “Shielded Bitcoin,” a privacy-focused system designed to enable more private $BTC transfers. The concept aims to conceal transaction amounts, senders, recipients, and links between transactions. It uses encrypted notes, public nullifiers, and zero-knowledge proofs, drawing inspiration from Zcash. The system would publish encrypted transaction data through Bitcoin without requiring changes to Bitcoin’s consensus rules. Bitcoin would handle transaction ordering, while the metaprotocol manages the private state. A key challenge remains: finding a practical way to move BTC into and out of the shielded system. #BTC Price Analysis# #Macro Insights#