Topic: Meet Tumblebit: The Unlinkable Payment Hub (Read 304 times)
As good of an idea as this is, they still have to note that it's a centralized hub and there isn't a guarantee that more people are going to be using it just because it is anonymous. As long as there are details of connections to the website (something countries are starting to mandate by law), it isn't really anonymous and people can still go and find data.
There are lots of development projects in the bitcoin space. One of them may help the cryptocurrency’s fungibility significantly. A proof-of-concept called Tumblebit has the bitcoin community excited because it may provide a trustless anonymous payment hub.
Privacy and fungibility is an essential foundation to many members of the bitcoin community. However, blockchain surveillance has increased quite a bit with many companies such as Elliptic, Chainalysis and more building tracking software. The firms are also working directly with law enforcement and governments worldwide who seek to learn how to monitor cryptocurrency transactions.
https://news.bitcoin.com/tumblebit-unlinkable-payment-hub/
Privacy and fungibility is an essential foundation to many members of the bitcoin community. However, blockchain surveillance has increased quite a bit with many companies such as Elliptic, Chainalysis and more building tracking software. The firms are also working directly with law enforcement and governments worldwide who seek to learn how to monitor cryptocurrency transactions.
https://news.bitcoin.com/tumblebit-unlinkable-payment-hub/
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