Bitcoin Privacy: "Confidential Transactions" Feature Can Fix Some of …

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.

Scalability Is Not the Only Problem with Bitcoin

Although

scalability

solutions have been a major area of contention lately, Poelstra
understands this is not the only real problem. During his recent
appearance at the MIT Bitcoin Expo, Poelstra pointed out the issues
related to the public nature of Bitcoin transactions:

“Lately, we’ve been talking about scaling and centralization,
but that’s not the only problem with Bitcoin. This one may be a bit
attractable, which is that all transactions are public and all of
the information in all the transactions are public. This allows a
lot of analysis to happen . . . [People] can infer a lot about
transactions just from the amounts and

Read more ... source: TheBitcoinNews

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