A team of researchers has proposed a new model for the Bitcoin transmission.

Pairploy Denpairojsak reports in the news category Bitcoin that researchers have proposed a new model for doing business with Bitcoin , aiming to allow users to deliver privacy-style value close to Zcash without having to do soft fork or customization across networks.

Why is this important?

Bitcoin publicly registers transactions, so users have addresses and transaction values visible for tracking even though they are not always tied to real names. Whereas Zcash has a more data-driven business model; if the proposed new model can add privacy to Bitcoin , without changing the underlying network rules, then this issue involves balancing confidentiality, blockchain verification, and compliance with regulations.

Do not do soft fork What does that mean?

soft fork is a backward-compatible privacy rule change, which often requires some level of user and miner acceptance. The headline noted that this model doesn't have to do with soft fork so the key point was that vendors want their devices or businesses maintaining privacy to work without changing the privacy rules of Bitcoin as they typically would.

What Bitcoin users in Thailand should know

Users who hold Bitcoin and transact as THB through digital platforms in Thailand, like Bitkub , which is under the supervision of the SEC (Thailand) , may be interested in this issue because the privacy of transactions on blockchains can complicate verification of source and destination of funds. However, current headlines only indicate that a researcher has proposed a new model, not confirmation that the network will support this feature.