30 Dec '16, 12am
Meet Tumblebit: The Unlinkable Payment Hub
There are lots of development projects in the bitcoin space. One of them may help the cryptocurrency’s fungibility significantly. A proof-of-concept called Tumblebit has the bitcoin community excited because it may provide a trustless anonymous payment hub. Also read: Remittance-Demanding Countries Dominate Bitcoin Searches in 2016 The Progression Towards a Fungible Digital Asset Privacy and fungibility is an essential foundation to many members of the bitcoin community. However, blockchain surveillance has increased quite a bit with many companies such as Elliptic, Chainalysis and more building tracking software. The firms are also working directly with law enforcement and governments worldwide who seek to learn how to monitor cryptocurrency transactions. Currently, all transactions on the bitcoin blockchain can be tracked unless the user utilizes tools that obfuscate the...