WORLDTECH[[alloc] init] Releases Shielded Bitcoin Proposal For Private Bitcoin Transactions
Single source: this development was reported by Bitcoin Magazine. What WORLDTECH can establish is that the report was made, and by whom. It has not been matched against a second independent organisation and has not been officially confirmed by the organisations involved.
What happened
Bitcoin Magazine [[alloc] init] Releases Shielded Bitcoin Proposal For Private Bitcoin Transactions Shielded Bitcoin, a proposal from [[alloc] init], would enable Bitcoin transactions with strong privacy. You can find the whitepaper here and blog announcement here .
The protocol defines a transactional structure and indexing protocol for strong privacy-preserving transactions, while relying on Bitcoin PIPEs for pegging funds into and out of the system. More on the PIPEs mechanism at the end of the article.
All of the details however are quite different. A Shielded Bitcoin transaction is just a blob of data with a prefix (something like “shbtc:”) included in a Bitcoin transaction using OP_RETURN, the witness field, or some other data carrying method.
Sources & evidence
- Bitcoin Magazine Reporting source
[[alloc] init] Releases Shielded Bitcoin Proposal For Private Bitcoin Transactions ↗
https://bitcoinmagazine.com/technical/alloc-init-releases-shielded-bitcoin-proposal-for-private-bitcoin-transactions