First CoinSwap Test Could Herald an Era of Stronger Bitcoin Privacy
"A big day for bitcoin privacy," said developer Chris Belcher as he announced a test transaction implementing a promising privacy technology invented years ago
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A cohort of developers discussed CoinJoin and CoinSwap on stage during the Bitcoin 2022 conference to highlight the main characteristics of these Bitcoin privacy tools.
An innovation called TumbleBit that improves the privacy and fungibility of bitcoin transactions was presented at the Bitcoin Scaling conference in Milan, reports NASDAQ. TumbleBit builds on the CoinSwap intermediary solution with added layers of cryptography to improve both the privacy and fungibility of bitcoin transactions. The fact that the transaction history of each bitcoin is traceable puts all bitcoins’ fungibility at risk. “Tainted” bitcoins can be valued less than other bitcoins, possibly undermining bitcoin’s value proposition as money. A key problem for fungibility and privacy....
CoinSwap Space provides a suite of products and services for decentralized finance, allowing users myriad ways to make returns on their crypto. CoinSwap, an exciting new DEX for the Binance Smart Chain, has announced its launch to take place on April 30th at 5 pm CET. This is a launch with a difference. There are […]
CoinSwap attempted an upgrade on Thursday, December 18th, which resulted in an outage lasting until 10:00 AM Eastern on Monday, December 22nd. This afternoon we talked with site owner Ian Childress to learn more about the outage. The outage itself was due to an oversight during the upgrade. A unique index for the site database was missing, which caused incorrect balances for some accounts, and permitted others to attempt to place oversized orders or withdraw more coins than they actually had. The community's IRC channel spotted this problem before any serious damage was done, and the....
Bitcoin right now is not really anonymous. Monitoring the unencrypted peer-to-peer network, analyzing the public blockchain or Know Your Customer (KYC) policies and Anti-Money Laundering (AML) regulations can reveal a lot about who is using Bitcoin and for what. This is not great from a privacy perspective. For example, Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own; similarly, businesses may not want to leak transaction details to competitors. Additionally, the fact that the transaction history of each bitcoin....