Author: Kiara Bickers

IntroductionBitcoin growth at the moment focuses on two main points: (1) scaling and (2) privateness. The standard proposals to Bitcoin contain including new opcodes and scripting instruments. However an outdated concept is coming again, one that would make transactions extra non-public and peer-to-peer. Proper now, each Bitcoin transaction is broadcast to your entire community for verification. It’s an efficient method to forestall double-spending, however it additionally means extra info is uncovered than is strictly mandatory. This results in heavier computational calls for, greater prices, and a system that struggles to scale. However what if shifting a part of the transaction…