This Tool Can Protect Your Privacy When Using Bitcoin
On-chain coinjoin is blended with off-chain coinswaps in this fascinating new hybrid approach.There is a new privacy tool coming to town: coinswaps on statechains. The original statechain design was proposed by Ruben Somsen at Scaling Bitcoin 2018 in Tokyo. I will summarize quickly, but Aaron van Wirdum has a very thorough explainer of the original concept here. The general idea is to have a facilitating entity (the statechain operator) create a 2-of-2 multisig address with a user to facilitate the off-chain transfer of a UTXO. The user then transfers their private key for the 2-of-2 to a....
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In this day and age online privacy and protecting digital data is a pretty big deal. Privacy applies to bitcoin users even more so because they are storing wealth in the digital realm. Governments, hackers, and non-state actors are compromising global citizens private data daily, but there are many steps one can take to protect oneself. Currently, the....
Promoted: Bitcoin mixers help users obscure their transaction histories and protect their identities. The post How Bitcoin Mixers Help Protect Privacy appeared first on Bitcoin Magazine.
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.
In the world of technology, there has always been a huge debate going on regarding consumer privacy policies. Ever since the Internet came around, regulators have been struggling to keep up with privacy policy adoption, and that gap is going only growing larger now that technology is evolving at an accelerated pace. During the CES 2016 interview, heads of two cybersecurity regulation agencies stated how tech companies need to be more vigilant regarding personal information protection. There is no denying something has to change if companies and governments want to properly protect consumer....
A U.S. congressman has introduced the “Keep Your Coins Act” in order to “preserve Americans’ right to privacy in transacting with crypto assets.” The lawmaker says, “this legislation would prohibit any federal agency from promulgating a rule that would impair a person’s ability to act as self-custodian.”
US Lawmaker Seeks to Protect Privacy in Crypto Transactions With ‘Keep Your Coins Act’
The office of Congressman Warren Davidson (OH-R) announced Thursday that the lawmaker has introduced the Keep Your....