Bitcoin developer Pieter Wuille has unveiled two proposals on GitHub for a Taproot soft fork to address privacy issues.
Bitcoin (BTC) developer Pieter Wuille has unveiled two proposals on GitHub for a Taproot soft fork in a message to the bitcoin-dev mailing list on May 6.
Taproot is a solution that aims to combine the advantages of Merkelized Abstract Syntax Tree (MAST) and the Schnorr signature scheme in order to reveal less information after a bitcoin transaction takes place.
MAST allows for the alternative possibilities of how a bitcoin transaction could have occurred to remain private, and Schnorr allows for a MAST-enabled transaction to occur without revealing that MAST was used to check transaction conditions.
In Wuille’s memo, he notes that the following points are addressed in the proposals:
“Taproot to make all outputs and cooperative spends indistinguishable from each other. Merkle branches to hide the unexecuted branches in scripts. Schnorr signatures enable wallet software to use key aggregation/thresholds within one input.”
As Cointelegraph has previously covered, privacy is a feature of bitcoin that is expected but in actuality does not exist to a high degree. Bitcoin balances and addresses are public, and can be viewed on an open web explorer.
As Cointelegraph previously reported, bitcoin soft forked in 2016 with the release of Segregated Witness (SegWit), also announced by Wuille. The purpose of this softfork was to provide a scaling solution by improving the Bitcoin block size.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.