Bitcoin could soon get Zcash-style 'shielded' privacy without changing its rules
Researchers have mapped out private bitcoin-denominated transfers that run alongside Bitcoin, but the system still lacks a finished way to lock up real BTC and release it again.
Researchers have mapped out a system for private bitcoin-denominated transfers that can run alongside the existing Bitcoin network. According to CoinDesk, this system aims to provide shielded privacy similar to Zcash, but it still needs a way to securely lock and release actual BTC.
The reports did not provide further details on the implementation of this system or its potential release date.
The second report from The Rio Times discussed the current state of El Salvador's economy, highlighting a significant decrease in murder counts and a surge in tourism. It also noted that the IMF has rolled back El Salvador's Bitcoin experiment, and the US dollar has become the dominant currency in the country.
Brief written by urgent.news from CoinDesk, The Rio Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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