Liquid For Bitcoiners: Confidential Transactions
Many Bitcoiners hope to one day be able to send bitcoin on-chain in a private manner: for now, Liquid can help with confidential transactions.Hardcore Bitcoiners are understandably skeptical about Blockstream’s Liquid sidechain. But as the Bitcoin ecosystem grows, we’re going to need more services backed by Bitcoin that the Bitcoin network itself can’t provide. Liquid is a semi-centralized side chain that — crucially — has no unnecessary shitcoin. This blog series will discuss some of the use cases that are now possible through Specter Hardware and Specter Desktop’s integration with Liquid....
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Monero, the fifth largest digital currency with a market cap of nearly $200 million, has successfully hardforked yesterday to add higher levels of privacy and anonymity by implementing an adapted version of Confidential Transactions. The networks’ near 650 visible full nodes have made the transition without any noticeable problem so far, with the market responding positively as indicated by an increase in Monero’s price of more than 4.5% at the time of publishing. Monero’s Price Following a Hardfork to Implement Confidential Transactions. Chat Courtesy of Poloniex The network hardforked to....
Using the latest cryptography, Blockstream has created Confidential Transactions designed to improve Bitcoin’s user security by keeping the amounts sent visible only to participants in the transaction, or other specified parties. Many have tried to improve on Bitcoin transactional security, with Darkcoin/Dash being the most notable example through their own altcoin. With the innovations inside chain technology, Blockstream has created Confidential Transactions (CT). Using the latest cryptography, Confidential Transactions is designed to improve Bitcoin’s user security by keeping the....
Andrew Poelstra is a mathematician at Blockstream and was recently part of a panel discussion on improvements for Bitcoin at the 2016 MIT Bitcoin Expo. During the panel, Poelstra discussed Confidential Transactions, which is a privacy-enhancing feature he has been working on with Blockstream co-founders and Bitcoin Core contributors Greg Maxwell and Pieter Wuille. One of the main reasons Blockstream is working on Confidential Transactions is to preserve the censorship-resistant properties of Bitcoin and other blockchains. Although scalability solutions have been a major area of contention....
Today we’ll be taking a gander at JoinMarket and Confidential Transactions. I’ve known of these technologies for a while but have not used them nor do I plan to until the volume of utilization increases. As it stands, I don’t find a pressing need for obfuscating transaction history further than it already goes with BTC. I already generate new addresses each time I request payments. I can’t see why anyone other than a money launderer would desire a form of mixing service or transact. Now I know we can potentially bring pseudo-anonymity to perhaps full anonymity. Not to copy Jeff Goldblum,....
Pending Liquid transactions had been queued in the mempool for roughly 22 hours after the network reported an issue which caused "block signer nodes failing to validate certain parameters against each other." Block production on Blockstream’s Liquid network has resumed after technical problems related to a functionary upgrade caused many transactions to queue for hours.In a Monday update from a Liquid oversight board member identified only as Wiz, Liquid’s failsafe mode was activated yesterday as “an unexpected issue occurred causing block signer nodes failing to validate certain....