Trustless Bitcoin Anonymity Here at Last
With representatives from the Bitcoin Foundation currently meeting high-level officials from a number of US regulatory agencies, the topic of Bitcoin anonymity has once again taken center stage. In part as a deliberate effort to downplay Bitcoin's privacy aspects to regulators, in part as a result of recent revelations from Edward Snowden about the scope....
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When it comes to being unique or innovative in the world of altcoins, it’s not an easy task. A lot of cryptocurrency developers are currently focusing on making their coin anonymous in one way or another, which is their main selling point. SuperCoin on the other hand, while also working on transaction anonymity, calls this process “phase one” of their plan. Unlike some other altcoins out there, the SuperCoin developers have built their anonymity feature from scratch, and called it SuperSend. This feature is completely anonymous and works like a charm, according to the developers. The....
Today, XCurrency has released a brand new trustless mesh network that looks to create revolutionary advancement in privacy, scalability and mobility. This is the final component of the company's Rev 2 privacy solution and is a single protocol with many possibilities for users and enthusiasts. This new service will allow any node to communicate on behalf of others, without having to trust forwarding nodes. The addition of XC's trustless ad hoc mesh networking comes just months after the company announced XMixer, where nodes can earn revenue for the trustless forwarding of transactions. It....
The latest breed of X11-driven cryptoassets is challenging the popular concept of anonymity in cryptocurrency – and Global Denomination (GDN) is at the forefront of the space’s latest features. The X11 algorithm, also known as chained proof of work, was first introduced with Darkcoin earlier this year, and has since spawned a cluster of peers all striving to evolve the technology in different directions for various uses. Whereas Darkcoin’s genesis was based on the desire to provide new levels on anonymity, however, GDN’s developers argue the opposite. Their coin, dubbed “anti-anonymous",....
By replacing reliance on third parties in a trustless way, Bitcoin adds a layer of non-intermediated trust to the infrastructure of the internet.
Another day, another banker, another ignorant jab at Bitcoin. This time it's Steven Englander of Citibank, America's third largest TBTF zombiebank. Mr. Englander wisely steers clear of attacking Bitcoin on the basis of made-up numbers, instead relying on rhetoric. He writes (and I comment) as follows: The libertarian streak in me likes the anonymity of Bitcoin transactions, but there is a rational part of me that asks whether that aspect is essential if I am paying for a latte in Soho. Similarly if the Bitcoin wallet can be made more secure by dropping anonymity, how many transactors will....