We Need To Encrypt The Peer-To-Peer Layer Of Bitcoin For Privacy
By making traffic between network peers encrypted, Bitcoin Improvement Proposal 324 can improve privacy by hiding node locations and other private data.The below is a direct excerpt of Marty's Bent Issue #1231: “BIP 324 would bring encryption to bitcoin's P2P layer and it needs some review.” Sign up for the newsletter here. Visualizing how encrypting data can obfuscate network connections via bip324.com As some of you freaks may be aware, Bitcoin is by no means a perfect system. Satoshi Nakamoto launched the protocol in January 2009, and gifted the world with a sly, roundabout way to....
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Bitcoin right now is not really anonymous. While Bitcoin addresses aren't necessarily linked to real-world identities, they can be. Monitoring the unencrypted peer-to-peer network, analysis of the public blockchain, and Know Your Customer (KYC) policy or Anti-Money Laundering (AML) regulation can reveal a lot about who's using Bitcoin, and for what. This is not great from a privacy perspective. Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own, while businesses may not want to leak transaction details to competitors....
These new regulations will also have an impact on Bitcoin in China. Since cryptocurrency does not fall under these regulations, it may become the new peer-to-peer lending option. Peer-to-peer lending has always been a very popular trend in China. That is not entirely surprising, as the country is keen on innovation and embracing new trends. But there have been a fair amount of problems with P2P lending in China over the past few months. New rules have been announced, which will put a vice grip on this innovative business model. At its core, any peer-to-peer service should not shut down....
The Journal of Peer Production, an academic publication dedicated to exploring, investigating and promoting what they consider to be the emergence of a new, peer-to-peer, economic model in society, hasannounced a call for papers for a special issue of their journal on the topic of "value and currency in peer production." The Journal of Peer Production has covered a wide range of topics in the area of peer-to-peer economy, ranging fromfile sharing in Sweden tothe emergence of governance in the open source FreeBSD project and evendo-it-yourself biology, and is now looking for answers to one....
Press Release: Peer-to-peer internet ThreeFold integrates with several popular blockchain ecosystems in an effort to increase adoption for the world’s largest such network 29th April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain […]
PRESS RELEASE. Peer-to-peer internet ThreeFold integrates with several popular blockchain ecosystems in an effort to increase adoption for the world’s largest such network 29th April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain (BSC), Ethereum, and Huobi’s ECO Chain. ThreeFold is set to integrate BSC in the next couple of weeks, with Ethereum and Huobi’s ECO Chain following shortly later on in Q2.....