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An old trick could solve Bitcoin’s privacy problem
A Bitcoin developer just resurrected a dormant privacy protocol that could be the silver bullet for Bitcoin’s anonymity issue. And it can be put into action without changing Bitcoin’s source code. Chris Belcher, a UK-based developer with hundreds of commits across various Bitcoin projects like Electrum and JoinMarket, this week released an implementation proposal for CoinSwap, a seven-year-old privacy protocol he believes will “massively [improve] Bitcoin privacy and fungibility.” With CoinSwap transactions, though it might look like a user sends funds from address A to address B, “in reality her coins end ... (full story)