Bitcoin Privacy Tool ’CoinShuffle' Sees First Transaction
A type of anonymous transaction that bitcoin enthusiasts have been awaiting for years has finally been tested successfully on the network. Sent on the bitcoin test network earlier this month, the transaction is the network's first implementation of CoinShuffle, a proposal that first generated excitement in April 2014 for building on existing privacy techniques in a way that doesn't rely on third parties. But on 15th August, developer Daniel Krawisz sent what he believes is the first transaction utilizing this tool on bitcoin. (The transaction type was previously implemented on the....
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Bitcoin has many things going for it, relative to the current fiat currency system, and compared to any other digital currency on the market. Bitcoin is not perfect, though, and there are issues that many critics and users, would like to see improved before it can become a mainstream staple of global economics. One issue that is commonly mentioned is the pseudonymous nature, in that transaction can be traced, but anyone savvy enough, back to their originators. Governments like to be able to trace everything any person does. Many owners would like more privacy to be available, as every....
In the quest for privacy and fungibility in Bitcoin, two researchers (from Saarland University in Saarbrücken, Germany and Indiana’s Purdue University) presented a promising privacy enhancement proposal last week. ValueShuffle, as the protocol is called, describes a method to mix bitcoins and at the same time hide the amounts involved in the mixing process. It’s a potent combination, as Tim Ruffing, one of the researchers, explained: “The combination of these two privacy-enhancing technologies, while not requiring any trusted third party, is what makes ValueShuffle unique.” CoinJoin and....
This guide will walk you through using the privacy-enhancing bitcoin transaction tool Stonewallx2, developed by Samourai Wallet.
Following an announcement earlier this week regarding Xmixer which would enable trustless mixing for XCurrency, some good news has been shared by the development team over at XCurrency. Much time has passed, and finally, XCurrency has released the final component of its privacy-centric payments solution: trustless ad hoc mesh networking. It is a single protocol such as the bitcoin blockchain, and its primary function is to allow any app on the XC network to communicate on behalf of other apps without the others having to trust them. “Put briefly, when someone makes a private payment using....
Developed by Samourai Wallet, the privacy-enhancing tool Stoaway obfuscates the amount of bitcoin being sent on-chain. The post Using Stowaway, A Privacy-Enhancing Tool From Samourai Wallet appeared first on Bitcoin Magazine.