Privacy Project TumbleBit Inches Closer to Release With Tor Integration and New Wallet

Privacy Project TumbleBit Inches Closer to Release With Tor Integration and New Wallet

TumbleBit is one of the most promising privacy-enhancing technologies being built on top of Bitcoin right now. It allows users to mix their coins fully anonymously, without requiring trust in any third party. An advanced version of the technology, which requires Segregated Witness, can even be utilized as a second-layer payment hub to reduce transaction costs and speed up confirmation times. After TumbleBit was first proposed in an academic paper and subsequently presented at the Scaling Bitcoin workshops in Milan, NBitcoin lead developer Nicolas Dorier built an early version of the....


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Quotes

The early days of the internet was like this scary thing, all gambling, and porn and you couldn't even transact on there. And then nice walled gardens came along and made everyone quite comfortable with it, which may be like banks and financial institutions are doing now. But it kind of misses the point. The idea of the web and the internet is supposed to be open to everyone.

Paul Gordon, CEO of Quantave