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Researchers Propose 'Shielded Bitcoin' for Private Transactions

Original: Researchers Propose 'Shielded Bitcoin' to Hide Transactions Without a Soft Fork alloc/init co-founder Misha Komarov expl

Researchers have introduced a proposal called 'Shielded Bitcoin' aimed at bringing transaction privacy to Bitcoin without requiring a network-wide soft fork. Misha Komarov, co-founder of alloc/init, explains that the design uses zero-knowledge proofs and Bitcoin PIPEs to hide on-chain transactions. The proposal is drawing attention in crypto circles, where privacy upgrades to Bitcoin have long been debated given the trade-offs between confidentiality and network consensus rules.

Why now: Privacy on Bitcoin is a contentious topic, and a proposal claiming to achieve it without a soft fork is notable to the crypto community.

BitcoinMisha Komarovalloc/initzero-knowledge proofsPIPEs

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Evidence

• Researchers Propose 'Shielded Bitcoin' to Hide Transactions Without a Soft Fork alloc/init co-founder Misha Komarov explains Shielded Bitcoin, a research proposal using zero-knowledge proofs and Bitcoin PIPEs for on-chain privacy without a soft fork. https://… · newisty

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