At its heart, the Bitcoin protocol consists of transactions. All these transactions are completely public on the blockchain, which means that anyone can see which addresses sent bitcoins to which addresses. If some of these addresses are linked to real world identities, it can reveal who transacted with whom ‒ or what for. This is at odds with privacy and – in particular ‒ fungibility.
To enhance privacy, it is possible to hide the amount of bitcoins transacted. An early version of this concept, then referred to as “bitcoins with homomorphic value,” was first proposed in 2013 by hashcash inventor and current Blockstream president Dr. Adam Back.
Over the past years, the Dutch town of Arnhem consistently made headlines for its exceptional Bitcoin project: Arnhem Bitcoincity. Launched in 2014, the initiative started with...
For many people involved with Bitcoin, altcoins are nothing more than testnets. Hundreds of digital currencies are currently listed on CoinCap.io, but Bitcoin still...
As of this weekend, GreenAddress is the first Bitcoin wallet to include a replace-by-fee option. With it, users can increase fees on their transactions with the click...
The Lightning Network may well be Bitcoin’s primary solution to the issue of scalability, but many skeptics believe there are unresolved issues with this...