Bitcoin pedagog Andreas Antonopoulos says he want to see extra privateness options on Bitcoin, notwithstandin they're unlikely to occur anytime quickly.
In a livestream Q&A on Antonopoulos' YouTube channel on July 7, he mentioned Bitcoin (BTC) was unlikely to ever implement privateness options much like these used by Monero (XMR).
Antonopoulos mentioned creating such options on a cryptocurrency like BTC "would create an tremendous amount of controversy." In addition, he mentioned the construction of Bitcoin just doesn't enable ring signatures and stealing addresses.
"I think what we're going to see soon is Schnorr, Taproot, and Tapscript, which open the door to much of improvements," Antonopoulos mentioned, "But they still do not involve zero-knowledge proofs or the types of ring signatures and stealing addresses that are done in Monero. Bitcoin is not a privacy coin."
Bitcoin privateness options efficient?
The options to which Antonopoulos is referring - Schnorr, Taproot, and Tapscript (a scripting replace to Taproot) - have been cited by others inside the crypto neighborhood as having the potential to make Bitcoin extra non-public.
The director of analysis at blockchain agency Blockstream Andrew Poelstra has referred to Taproot as a system which power presumably render any dealings for the most part indistinguishable from each other on the BTC blockchain. However, he noted that "dealings amounts and the dealings graph are still exposed, which are much harder problems to address."
Multisignature schemes (MuSigs) from Schnorr are one other chance. Poelstra mentioned utilizing this proficiency doesn't reveal the unique set of signers, and even present the variety of signers for MuSig dealingss.
Bitcoin power be higher considered onymous quite than entirely nameless, as many dealingss on the BTC blockchain can all the same be copied even with these privateness enhancements.
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