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Bitcoin Encryption Privacy

Chinese Researchers Propose Tor-Inspired Overhaul of Bitcoin 46

Patrick O'Neill writes: Although Bitcoin was never designed to be anonymous, many of its users have used it as if it were. Now, two prominent Chinese researchers are proposing a system that encrypts all new Bitcoin transactions layer by layer to beat network analysis that can unmask Bitcoin users. The new research is inspired by the Tor anonymity network. The researchers' paper is at arXiv. (Also covered by The Stack.)
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Chinese Researchers Propose Tor-Inspired Overhaul of Bitcoin

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  • It was, however, written by an unknown Chinese author. How much of the paper is truly original, and how much of it was copy-pasted or downright stolen, remains to be seen.
  • by Anonymous Coward
    "Chinese researchers devise method by which clandestine Chinese intelligence operations may be funded"
  • If Uber were to adopt a Beowulf cluster of Raspberry Pi mining nodes with TOR encryption on the blockchain, while Elon Musk sat in a self driving car that he hacked with a garage door opener, you might have my attention.

FORTRAN is the language of Powerful Computers. -- Steven Feiner