Author

Topic: [2017-08-20] Zerolink Claims to Have Developed Fully Anonymous Bitcoin Payments (Read 3170 times)

legendary
Activity: 3010
Merit: 1460
I reckon that an effective implementation of anonymous bitcoin transactions should be the next step that most of the developers should pursue. Privacy and fungibility are 2 very important features that would give bitcoin more value besides its peer to peer, decentralized payments features.

But the problem is, what would happen to the other anonymous cryptocoins like Monero and Aeon?



The mixing technique employed by Zerolink to ensure anonymous bitcoin transactions expands on the work of Gregory Maxwell, who in 2013 conceived “Coinjoin”. “Using chaum blind signatures: The users connect and provide inputs (and change addresses) and a cryptographically-blinded version of the address they want their private coins to go to; the server signs the tokens and returns them. The users anonymously reconnect, unblind their output addresses, and return them to the server. The server can see that all the outputs were signed by it and so all the outputs had to come from valid participants. Later people reconnect and sign.”

Read the full article https://news.bitcoin.com/zerolink-claims-to-successfully-have-developed-fully-anonymous-bitcoin-payments/
Jump to: