"Decred has implemented a variant of CoinShuffle++ in its wallet. Although it is possible to perform this process in an entirely peer-to-peer fashion, that overlooks constraints that come from routing over the public internet, so we have created both a server, csppserver, and integrated the client into dcrwallet. It is expected that roughly 12.5% of all decred in circulation will make use of privacy within a few months."
Jake Yocom-Piatt, co-founder and project lead at Decred, explained that his team has been working quietly to add these privacy features to the coin since 2017, and that they comprise only a few hundred lines of code, compared to thousands or tens of thousands for other privacy-focused projects.
"With these foundations in place, we are keen to build out privacy features that will enhance security for our users."
Decred is an open-source blockchain-based cryptocurrency that was created by several crypto-enthusiasts claiming that Bitcoin's decision-making was getting more and more centralized due to the existence of mining pools.
At press time, DCR is trading at around $22.5 and has a market capitalization of $252 million, according to Coin360.
As Cointelegraph reported on July 19, privacy-focused digital currency Zcash has forked into a new blockchain network dubbed Ycash, whose total supply amounts to 21 million coins.
Crypto Project Decred Adds Privacy Features to Its Coin
Veröffentlicht auf Aug 30, 2019
by Cointele | Veröffentlicht auf Coinage
Coinage
Neueste Nachrichten
Alle ansehen
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.