Blog post by Richard Chen about privacy consideration when dealing with cryptocurrencies. It’s no secret that privacy is an important topic in cryptocurrencies these days. Neither companies nor individuals want to publish all of their information onto a public blockchain that can be arbitrarily read without any restrictions.
It quickly became clear that it was possible to identify individuals based on usage patterns of certain addresses and transactions when using Bitcoin…
Overall, privacy is one of the most exciting areas of cryptography research right now. Many of the privacy techniques used in coins, smart contracts, and infrastructure were only invented a few years ago.
Author covers:
- Privacy coins
- Smart contract privacy
- Privacy infrastructure
- Privacy research
Due to the public nature of the Bitcoin blockchain, it quickly became clear that it was possible to identify individuals based on usage patterns of certain addresses and transactions. This led to creation of several new cryptocurrencies to support private transactions.
Privacy in smart contracts is different to privacy in payments since smart contracts publicly contain program code. However, smart contracts currently lack both confidentiality (hiding payment amounts) and anonymity (hiding the identities of senders and recipients).
Follow the link to find detailed information on above mentioned topics.
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