Researchers have unveiled a new model that can anonymously transact Bitcoin like Zcash without requiring soft fork to do so.
#Eight hundred and eighty thousand#The blockchain#The bitcoin#The privacy#The Zcash
What is it?
The research team behind the Bitcoin development has proposed a new model that allows private transactions of Bitcoin , similar in appearance to Zcash , which is a coin with particularly privacy-focused technology. An interesting point about this model is that it can be done without having to make soft fork , an upgrade of the rules of the Bitcoin network that requires consent from many participants and often takes years to complete.
Why is this important?
Every day, every transaction is recorded on a public blockchain so that anyone who knows your wallet's address can see all of the updates and transactions while Zcash uses special encryption technology to hide details.
The problem is that adding privacy to Bitcoin directly changes the rules of the network, which can be difficult because the community believes in the precautionary principle. If this model works, it could open up a level of privacy comparable to that of Zcash without waiting for protocol upgrades.
How would that affect the general public?
For users in Thailand who buy and sell Bitcoin through marketplaces like Bitkub or calculate the value as baht ( THB ), this news is still at a research level, not an immediate feature, but it reflects an important trend: developers are trying to solve the privacy issue of Bitcoin , from the application layer instead of solving for the network agent, which may mean that in future there will be tools or wallets that provide more privacy without having to wait for votes from the community and configure the entire network.
However, the new research model still needs to be vetted by developers and security experts before it can become a practical tool. Readers should keep an eye out for further development on whether this model will gain acceptance from the Bitcoin developer community.
It's a warning.
This article is a compilation and ranking of information from sources, not an investment advice or incentive to buy digital assets. However, the price of cryptocurrencies such as Bitcoin are highly volatile, and the technology in question is still undergoing research which may change or become reality. Readers should carefully study the data, consider the risks themselves, and use intuition to make informed decisions before making any investments.
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