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Topic: Sphinx: The anonymous data format behind Lightning and Nym (Read 211 times)

legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
Is a great article. but looks like it's too late to make from bitcoin something anonymous... I mean, the technology looks nice and it could work, but some coins like Monero already solve the puzzle. The right way to be anonymous in our transactions is using a blockchain made for that task, easy as that.


It's never too late to claim your privacy/anonymity. While it's true Monero offer far better "privacy/anonymity", Monero is less programmable than Bitcoin  & have bigger scalability problem.
legendary
Activity: 1851
Merit: 1020
Get Rekt
Quote
Is a great article. but looks like it's too late to make from bitcoin something anonymous... I mean, the technology looks nice and it could work, but some coins like Monero already solve the puzzle. The right way to be anonymous in our transactions is using a blockchain made for that task, easy as that.

You do not need to make -another- blockchain for network level privacy. You need to use something like NYM. Think of it in a similar way of using TOR with a bitcoin node.
legendary
Activity: 3346
Merit: 3130
Sphinx is an anonymous cryptographic packet format without precedent
, and it powers both the Lightning Network and Nym. This is how it works its magic.

https://medium.com/@nymtech/sphinx-tl-dr-the-data-packet-that-can-anonymize-bitcoin-and-the-internet-18d152c6e4dc

Is a great article. but looks like it's too late to make from bitcoin something anonymous... I mean, the technology looks nice and it could work, but some coins like Monero already solve the puzzle. The right way to be anonymous in our transactions is using a blockchain made for that task, easy as that.
legendary
Activity: 1851
Merit: 1020
Get Rekt
Sphinx is an anonymous cryptographic packet format without precedent
, and it powers both the Lightning Network and Nym. This is how it works its magic.

https://medium.com/@nymtech/sphinx-tl-dr-the-data-packet-that-can-anonymize-bitcoin-and-the-internet-18d152c6e4dc
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