Introducing: ShadowSend
Hey guys,
I am pleased to announce that we have successfully implemented Anonymous Stealth Addresses into our upcoming wallet release. The stealth system was first described by Peter Todd for use with Bitcoin but to our knowledge, we have developed the first open source C++ implementation of Anonymous Stealth Addresses using OpenSSL.
A version of stealth addresses has been implemented by SX and DarkWallet, but our implementation has been developed completely independent of either project. We have developed Dual-Key Stealth Addresses, which allow transactions to be received even while the wallet is closed, and for security, the coins will not be spendable until the wallet is unlocked. Our stealth solution has been developed for ShadowCoin but we believe that our implementation is the best currently available and will be used for bitcoin in the near future.
This week we will be releasing
ShadowSend, a capable, efficient and decentralized anonymous wallet solution
that does not rely on coinjoin or any centralized node structure. This wallet will allow transactions to remain anonymous while the stealth address system is used.
ShadowSend's stealth addresses will soon be layered with zk-snarks to further increase security and privacy of the anonymous solution, this will be the first system of its kind available in bitcoin or altcoins. Stay tuned for more information in the days to follow.
The white paper for stealth addresses has existed since January, for more information on the significance of stealth addresses, please check the links listed below.
Bitcoin Stealth WP:http://sourceforge.net/p/bitcoin/mailman/message/31813471/Articles on Stealth Addresses:http://www.coindesk.com/stealth-addresses-secret-bitcoin-privacy/http://sx.dyne.org/stealth.htmlhttp://ro.reddit.com/r/Bitcoin/comments/1v7ayg/revolution_in_bitcoin_privacy_stealth_addresses/https://wiki.unsystem.net/en/index.php/DarkWallet/Stealth “This just makes it more convenient for regular users to do the right thing and maintain their own privacies. This is about making bitcoin privacy easier for normal people.” - Peter Todd
“So far, bitcoin users had had to pick between simplicity and privacy, stealth addresses let us have our cake and eat it.” - Mike Hearn