Blockstream Creates ‘Confidential Transactions’ to Boost Bitcoin Security
Using the latest cryptography, Blockstream has created Confidential Transactions designed to improve Bitcoin’s user security by keeping the amounts sent visible only to participants in the transaction, or other specified parties. Many have tried to improve on Bitcoin transactional security, with Darkcoin/Dash being the most notable example through their own altcoin. With the innovations inside chain technology, Blockstream has created Confidential Transactions (CT). Using the latest cryptography, Confidential Transactions is designed to improve Bitcoin’s user security by keeping the....
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Andrew Poelstra is a mathematician at Blockstream and was recently part of a panel discussion on improvements for Bitcoin at the 2016 MIT Bitcoin Expo. During the panel, Poelstra discussed Confidential Transactions, which is a privacy-enhancing feature he has been working on with Blockstream co-founders and Bitcoin Core contributors Greg Maxwell and Pieter Wuille. One of the main reasons Blockstream is working on Confidential Transactions is to preserve the censorship-resistant properties of Bitcoin and other blockchains. Although scalability solutions have been a major area of contention....
Bitcoin infrastructure architect Blockstream has acquired wallet provider GreenAddress in a move the startup says could impact the development of its signature, still in-development sidechains solution. Following the acquisition, GreenAddress Wallet's team of three developers will continue to work on privacy and security bolstering features for the wallet as well as compatibility for sidechains, a bitcoin infrastructure component that Blockstream has raised $76m in two investment rounds to engineer. In interview, former GreenAddress founder and CEO Lawrence Nahum, now senior architect at....
Blockstream allows investors to mine Bitcoin by simply purchasing the Blockstream Mining Note security token. Major blockchain technology company Blockstream has completed six tranches of its Bitcoin (BTC) mining security token offering (STO), securing a total of 30.9 million euros ($36 million).Blockstream officially announced Thursday that the company raised 13.9 million euros ($16.1 million) in the sixth tranche of its Bitcoin mining-focused security token known as Blockstream Mining Note (BMN).According to the announcement, the latest raise was the largest tranche that Blockstream has....
Monero, the fifth largest digital currency with a market cap of nearly $200 million, has successfully hardforked yesterday to add higher levels of privacy and anonymity by implementing an adapted version of Confidential Transactions. The networks’ near 650 visible full nodes have made the transition without any noticeable problem so far, with the market responding positively as indicated by an increase in Monero’s price of more than 4.5% at the time of publishing. Monero’s Price Following a Hardfork to Implement Confidential Transactions. Chat Courtesy of Poloniex The network hardforked to....
Blockstream has announced the launch of a new security token backed by the company's mining facilities. Canadian-based Blockchain tech company Blockstream announced the launch of a security token backed by the company's mining production on March 29. It offers an alternative to investing in Bitcoin mining stocks, with the company providing non-US qualified investors exposure to Bitcoin mining through the Blockstream Mining Note security token. BMN represents 2,000 terahash per second of hashrate from Blockstream's mining facilities.The Bitcoin mined for BMN will be held in cold storage....