How Blockstream Plans to Improve Bitcoin Privacy
Bitcoin is often credited for being a way too anonymous and private mode of transaction. But if Blockstream's Greg Maxwell is to be believed, there is a still a scope of improvisation. The Blockstream co-founder and core developer recalled a number of privacy issues with Bitcoin, mostly related to revealable identities of Bitcoin transactors. He said that if an onlooker manages to disclose the identities of involved transactors, he can further figure out one's financial history by simply looking at his publicly available transaction records. "You can leak this information to everyone, and....
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Blockstream has released a whitepaper detailing the Strong Federations system, the foundation for the Liquid sidechain project to improve privacy, costs, speed of value transfers and settlement among exchanges and brokerages. ‘An Interoperable Blockchain Solution’. Under the leadership of Adam Back, Blockstream has released a whitepaper dubbed “Strong Federations: An Interoperable Blockchain Solution to Centralized Third Party Risks.” The whitepaper delves into the intricacies of the federated pegs system that can be used to attach sidechains to Bitcoin. Although Blockstream has talked....
Blockstream announced the acquisition of Bitcoin wallet provider GreenAddress on Wednesday. In a post on the company’s official blog, Blockstream President Adam Back noted, “GreenAddress has a demonstrated track record of delivering an industry-leading product that prioritizes security, privacy and convenience.” GreenAddress has been quick to implement new Bitcoin features, such as fee estimation and replace-by-fee, into its own wallet. Also, GreenAddress developer Lawrence Nahum is a supporter of the Bitcoin Core scalability roadmap and says he’s excited about the improvements that are....
“The Biz” kicked off its first episode with Austin Hill, former CEO of Zero Knowledge Systems and former CEO of Blockstream.
Blockstream’s acquisition of GreenAddress, a Bitcoin wallet software provider based in Europe, has nothing to do with the Lightning Network, says Lawrence Nahum, CEO and founder of GreenAddress. Blockstream started developing the Lightning Network which is aimed at providing a scalable, instant Bitcoin/Blockchain transactions at a low cost. It is one of scalability ideas which has been proposed by the Bitcoin development community. Nahum reveals to CoinTelegraph that the acquisition is geared towards improving the wallet. He says: “Both teams from GreenAddress and Blockstream have strong....
As the world of Bitcoin becomes bigger, more lucrative and more mainstream, there are going to be more eyes on the industry. Here are three easy ways to boost your privacy and security. Spotlight On Your Security. Whether its surveillance from government agencies or hackers looking for bitcoins and information, here are three ways to improve your Bitcoin privacy that you may know, but aren’t exploiting. Using Bitcoin is not anonymous, as most current users already know. The public Bitcoin blockchain will not reveal your identity directly, but your Bitcoin transfers can be tracked with....