Researchers Propose Zcash-Style Privacy Layer for Bitcoin Without Protocol Changes

·2 views

Researchers have outlined a method to enable private Bitcoin transactions by building a system that runs parallel to the main Bitcoin network. The approach draws inspiration from Zcash's 'shielded' transaction model, which conceals sender, receiver, and amount details. Crucially, the proposal would not require any changes to Bitcoin's existing rules or core protocol. However, a key technical gap remains: the system currently lacks a reliable mechanism to lock real BTC and release it back securely.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

XRP Ledger Batch Transaction Feature Delayed to Oct. 9 After Support Reset

The XRP Ledger's upcoming Batch upgrade has been pushed back to October 9 after validator support temporarily fell below the required 80% threshold. The feature allows users to bundle up to eight transactions in a single operation, covering asset transfers and payments. Because support dipped under the threshold, the network's two-week activation countdown was automatically restarted. The delay is procedural rather than technical, as the feature itself remains unchanged and awaits sufficient sustained validator backing.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

SEC Commissioner Hester Peirce, Known as Crypto Mom, to Leave Agency on Oct. 2

U.S. Securities and Exchange Commission Commissioner Hester Peirce, widely regarded as the agency's most consistent advocate for the cryptocurrency industry, is set to depart on October 2. Peirce had earned the nickname 'Crypto Mom' for her vocal support of clearer and more accommodating crypto regulations. Her exit had been anticipated for some time before the official date was confirmed. The announcement came as the SEC was releasing its latest round of crypto-related work. Her departure marks the loss of a prominent pro-crypto voice within the federal regulatory body.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Sixth Circuit rules Kalshi's sports prediction contracts fall under state law

A Sixth Circuit Court of Appeals panel has ruled against prediction market provider Kalshi in a significant legal decision. The court determined that sports-related event contracts offered by prediction markets do not qualify as swaps under federal law. As a result, these contracts are not subject to federal regulatory oversight and instead fall under state jurisdiction. The ruling marks another appellate court setback for Kalshi as it continues to face legal challenges over the regulatory classification of its products.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Blockchain Association's founding CEO Kristin Smith to return amid leadership change

The Blockchain Association is set to undergo a leadership transition as Summer Mersinger prepares to step down from her role as CEO. Kristin Smith, the trade group's original chief executive, will return to lead the organization. The change comes in the wake of the failure of the crypto Clarity Act, a significant piece of legislation that had been the subject of a prolonged congressional debate. Mersinger's departure marks the end of her tenure following the collapse of that legislative effort. Smith's return signals a continuity of founding leadership for the prominent crypto industry trade group.

0 comments Read more at CoinDesk