๐ What if Bitcoin became private?
Researchers are working on a Shielded Bitcoin solution that can hide the transaction amount and the data of its participants ๐
At the same time, they do not plan to change the Bitcoin blockchain itself. The idea is to use zero-knowledge proofs and build on top of the already existing network.
No separate blockchain and no trusted intermediaries.
For now, itโs only an experimental development. The authors will explain later how BTC deposits and withdrawals will work.
If everything goes well, Bitcoin could become not only transparent, but also much more private ๐ฅ $BTC
#btc #bitcoin
Researchers are working on a Shielded Bitcoin solution that can hide the transaction amount and the data of its participants ๐
At the same time, they do not plan to change the Bitcoin blockchain itself. The idea is to use zero-knowledge proofs and build on top of the already existing network.
No separate blockchain and no trusted intermediaries.
For now, itโs only an experimental development. The authors will explain later how BTC deposits and withdrawals will work.
If everything goes well, Bitcoin could become not only transparent, but also much more private ๐ฅ $BTC
#btc #bitcoin
