Tag Archives: privacy

[ad_2][ad_1] Litecoin (LTC) has relaunched its MimbleWimble testnet, a protocol designed to improve privacy and obfuscate the traceability of distributed ledger transactions. MimbleWimble is a modified implementation of the proof-of-work algorithm behind Bitcoin (BTC) in which blocks appear as one large transaction, preventing the identification of individual transaction-related inputs and …

[ad_2][ad_1] Gemini, a cryptocurrency exchange founded by the Winklevoss twins, aims to improve user privacy with a major privacy token, Zcash (ZEC). Starting September 29, Gemini will support ZEC’s secure withdrawals, which allows users to hide their transaction data. Gemini reps said the new feature is the “first time that …

[ad_2][ad_1] Reports from recent weeks detail that attackers are targeting two privacy coin projects, Monero and Zcash, raising concerns about the growing rate of security incidents involving blockchain networks. Such incidents, as well as repeated 51% attacks on the Ethereum Classic network or the breach of the Electrum wallet, suggest …

[ad_2][ad_1] Advances in cryptography haven’t met with user enthusiasm, suggesting a disconnect between the cryptocurrency community and its cypherpunk ancestors. According to Coin Metrics, privacy-focused cryptocurrency transactions zcash (ZEC), monero (XMR), and grin add only 6% of bitcoin transactions. Zcash’s privacy feature is significantly underused, with less than 2% of …

[ad_2][ad_1] As the world became more and more connected, privacy continued to erode. For many libertarians and cryptocurrency users Bitcoin doesn’t offer enough privacy. This is why tokens like Monero (XMR) and zCash (ZEC) have made privacy their number one priority. Tokens like Monero make transactions more difficult to track …

[ad_2][ad_1] Andreas Antonopoulos discussed how he wished to see Bitcoin have more “privacy features” in a recent live streaming question and answer session posted on Youtube on July 7th. Antonopoulos discussed the privacy-focused monero coin and concepts such as stealth addresses and ring signatures. From time to time, well-known cryptocurrency …

[ad_2][ad_1] The US Internal Revenue Service (IRS) is looking for information and tools to help it trace transactions using private currencies, layer two protocols like Lightning Network, and side chains like Plasma and OmiseGo (OMG). A June 30 inquiry published by the US Treasury Department reveals that the IRS Criminal …

[ad_2][ad_1] Two-thirds of people using Coinbase are willing to leave the platform following reports that the US exchange plans to sell user data to two government agencies for $ 250,000. Cryptocurrency trader and analyst John Rager performed a poll on Twitter, asking his 73,000 followers: “Would you delete or stop …

[ad_2][ad_1] Despite being launched to considerable fanfare in early 2019, grin, the first cryptocurrency to test the MimbleWimble privacy protocol, shows no signs of life. At its launch, professional investors invested funds – by some estimates, $ 100 million – in mining the cryptocurrency, with some even calling it a …

[ad_2][ad_1] Unlike BTC and BCH, privacy coins like Monero don’t pretend to try to follow Satoshi’s vision of a global peer-to-peer cash system. In 2019, the Monero Outreach team released a statement saying, “Bitcoin and similar clear coins represent a huge step back from what the open society has offered …