Bitcoin educator Andreas Antonopoulos says he wish to see extra privateness options on Bitcoin, however they’re unlikely to occur anytime quickly.I
Bitcoin educator Andreas Antonopoulos says he wish to see extra privateness options on Bitcoin, however they’re unlikely to occur anytime quickly.
In a livestream Q&A on Antonopoulos’ YouTube channel on July 7, he stated Bitcoin (BTC) was unlikely to ever implement privateness options just like these utilized by Monero (XMR).
Antonopoulos stated creating such options on a cryptocurrency like BTC “would create an infinite quantity of controversy.” As well as, he stated the construction of Bitcoin merely doesn’t enable ring signatures and stealth addresses.
“I feel what we’re going to see quickly is Schnorr, Taproot, and Tapscript, which open the door to a number of enhancements,” Antonopoulos stated, “However they nonetheless don’t contain zero-knowledge proofs or the varieties of ring signatures and stealth addresses which might be executed in Monero. Bitcoin shouldn’t be a privateness 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 within the crypto group 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 may presumably render any transaction principally indistinguishable from each other on the BTC blockchain. Nevertheless, he famous that “transaction quantities and the transaction graph are nonetheless uncovered, that are a lot more durable issues to deal with.”
Multisignature schemes (MuSigs) from Schnorr are one other risk. Poelstra stated utilizing this technique doesn’t reveal the unique set of signers, and even present the variety of signers for MuSig transactions.
Bitcoin could be higher considered pseudonymous quite than totally nameless, as many transactions on the BTC blockchain can nonetheless be traced even with these privateness enhancements.