Bitcoin Bulletproofed: Wuille, Maxwell and More Propose Scalable Privacy Tech

Bitcoin Bulletproofed: Wuille, Maxwell and More Propose Scalable Privacy Tech

Bitcoin may be one step closer to offering users improved confidentiality. Proposed in a new paper authored by heavyweight cryptographers including Dan Boneh, Pieter Wuille and Greg Maxwell, "Bulletproofs" outlines a new technique that would reduce the size of so-called "confidential transaction" code – long floated as a possible way to shield the transaction amounts currently public on the blockchain, the cryptocurrency’s globally distributed ledger. A rough sketch of the confidential transactions idea was first proposed informally on a popular bitcoin forum in 2013 by Adam Back, CEO of bitcoin startup Blockstream, and while the technology has been iterated […]

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