Researchers have mapped out private bitcoin-denominated transfers that run alongside Bitcoin, but the system still lacks a finished way to lock up real BTC and release it again. Researchers proposed Shielded Bitcoin, a system modeled on Zcash that could conceal payment amounts, senders and recipients without changing Bitcoin’s network rules. The proposal would store encrypted transfers on Bitcoin but rely on separate software to verify them, meaning a Bitcoin transaction could be confirmed even…
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