Tag Archives: privacy

Mastercard Patent Filing Outlines Way to Anonymize Crypto Transactions

Payments giant Mastercard claims to have developed a new way of keeping cryptocurrency transactions private. According to a patent application published Thursday by the U.S. Patent and Trademark Office, the payments giant has proposed a system of conducting transactions over a blockchain which would obfuscate both the point of origin and the amount being transacted. As explained, the system… Read More »

ConsenSys Backs $2.1 Million Funding Round for Ethereum Privacy Startup

ConsenSys Labs has led a $2.1 million seed round for AZTEC, a startup that’s working to make ethereum transactions private so financial institutions can comfortably use the second-largest blockchain. Announced Thursday, other investors in the round include Entrepreneur First, Samos Investments, Jeffrey Tarrant (Mov37) and Charlie Songhurst. AZTEC, created by the mathematician Tom Pocock and nuclear physicist Zachary… Read More »

Free Software Messiah Richard Stallman: We Can Do Better Than Bitcoin

Richard Stallman, the fervently committed founder of the free software movement, is discussing the term “libertarian,” when he stops talking abruptly and says, “Hello?” I tell him I’m still listening, but he explains that the confused greeting wasn’t intended for me. Instead, he says a man’s voice – neither mine nor an echo of his – had just… Read More »

Private Blockchains Could Be Compatible with EU Privacy Rules, Research Shows

Private blockchains, such as interbanking platforms set to share information on customers,  could be compatible with new E.U. privacy rules, according to research published Nov. 6. The study was conducted by Queen Mary University of London and the University of Cambridge, U.K. The General Data Protection Regulation (GDPR) act, a recent legislation that regulates the storage of personal… Read More »

World’s First Secure Private Transactions Launched on Ethereum Public Blockchain

Ernst & Young (EY), one of the ‘Big Four’ public service firms, has devised a solution that allows businesses to enjoy the full benefits of private transactions over a public blockchain. This they have called the EY Ops Chain Public Edition (PE).Running on the public Ethereum blockchain, the solution leverages on the privacy benefits of zero-knowledge proofs (ZKP)… Read More »

Promise: A Startup Based on an Anonymous Paper Plans to Replace ACH

“It appears to be a replacement for the entire ACH system of banking.” Taariq Lewis, the founder of multiple blockchain startups and the SF Cryptocurrency Devs engineers meetup, sent that note with an attached white paper to CoinDesk in early August. “It’s really strange,” he said. “We received a copy of the white paper attached, anonymously. We’re not… Read More »

Big Four Auditor EY Launches Zero-Knowledge System for Private Transactions on Ethereum

“Big Four” auditor Ernst and Young has launched the prototype of a system that enables secure and private transactions to take place on the Ethereum (ETH) public network, according to a press release Oct. 30. The system, dubbed EY Ops Chain Public Edition (PE), uses zero-knowledge proof (ZKP) technology, an alternative algorithm for authenticating distributed ledger entries, in… Read More »

StarkWare Raises $30 Million to Solve Blockchain Privacy and Scalability Issues

StarkWare, an Israel-based blockchain specialist which commercializes a zero-knowledge proof system, has secured $30 million from high profile names within the cryptocurrency ecosystem, including Consensys, Coinbase Ventures, Intel Capital, Pantera, and Sequoia.Zero-Knowledge Protocol Startup StarkWare Raises $30 MillionNetanya-based StarkWare Industries, which was founded in early 2018 to develop its “full proof stack for the STARK zero-knowledge protocol,” secured its… Read More »

Sapling on Zcash (ZEC) is Working, and it’s a Big Deal

ZCash (ZEC) has just launched a long-awaited upgrade called Sapling — a project that was seen as a method of improving the usability of ZCash protocol.Success! We’re happy to announce that the #Zcash Sapling network upgrade activated today at block height 419200. #Sapling introduces new #shielded addresses with significantly improved performance. Learn more: https://t.co/IGoqNdlz3N pic.twitter.com/6VpKcMteCa— Zcash Company (@zcashco)… Read More »

Privacy Coin Zcash Completes “Sapling” Network Upgrade

Advertisement Privacy-focused Zcash, currently worth just over $110 per coin, has completed a network upgrade dubbed “Sapling” that it says will vastly improve transaction speed as well as reduce the actual size of transactions themselves. Zcash hopes that this will make mobile and other types of transactions more common and feasible on the network, saying it “introduces significant… Read More »