Illuminating Shadow Cash
As we have noted here previously, Ethereum will be releasing a comprehensive but not backward compatible upgrade to the blockchain as implemented for Bitcoin. Similar efforts are happening with Counterparty, who intend to provide an upgrade in place. Concealing transactions are a key feature for both of these efforts. One team is skipping ahead with an effort focused on anonymous transactions, and they have just announced a cryptography focused white paper entitled ShadowCash: Zero-knowledge Anonymous Distributed E-Cash via Traceable Ring Signatures (pdf). What Is Shadow Cash? ShadowCash....
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"Shadow economy" participants, those who use deal mostly in hard cash for anonymity's sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.
Very often, Bitcoin enthusiasts have complained that the blockchain-based, decentralized cryptocurrency is not as anonymous as was initially thought to be. Hence, a significant percentage of them are resorting to highly unconventional methods to make Bitcoin transactions more anonymous. But in case, adopting such measures is not your thing, ShadowCash could prove to be the one-stop solution you have been looking for. Shadow has been built using Bitcoin's core principles of trustless decentralization and double-spend prevention to create the first truly anonymous, decentralized....
Having failed to win big rewards for the stolen National Security Agency (NSA) hacking tools it auctioned last year, the Shadow Brokers hacking group is now trying to cash in on what credibility it might have left through a new monthly dumping service that accepts Zcash. The group has tried holding a public auction, a crowdfunding campaign and selling individual exploits. Shadow Brokers now wants to see if people will pay a monthly fee for a dump of exploits. They promised the following data and tools in mid-May: • Mobile handset tools and exploits • Compromised data from central banks and....
Next week or roughly around four days from now, The Merge is expected to be implemented and Ethereum will transition from proof-of-work (PoW) to proof-of-stake (PoS). According to Ethereum developers, prior to the Paris upgrade, programmers successfully completed the 13th and last shadow fork. Ethereum’s 13th and Last Shadow Fork Is Complete On Friday, social media has been abuzz with chatter about The Merge and Ethereum’s transition from PoW to PoS. Furthermore, ETH developers and the Ethereum research and engineering company Nethermind revealed the last shadow fork is now....
The Shadow Brokers have backtracked from the auction, they are now willing to make the password public for 10,000 BTCs in crowdfunding. It was expected to turn out this way. The hacker group, Shadow Brokers that was responsible for obtaining a cache of cyber-attack tools allegedly used by US National Security Agency’s Equation Group has decided to get rid of the auction process. The decision was made by the hacking group a few days ago after it failed to gain enough attention. According to Shadow Brokers’ recent post on Medium two days ago, the hacker group is now willing to give away the....