Tag Archives: privacy

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… 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 Million Netanya-based StarkWare Industries, which was founded in early 2018 to develop its “full proof stack for the STARK zero-knowledge… 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… 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 »

Defending Decentralization, Like a Twice in a Millennium Chance

“We haven’t had an opportunity like this in the past 500 years.” That’s Amir Taaki speaking on a closing panel at the Web3 Summit in Berlin Wednesday, and his statement was greeted with breathless applause by the audience. An early bitcoin developer, Taaki addressed a crowd of more than a thousand coders that had gathered to discuss “Web 3.0”… Read More »

Zcash’s Next Upgrade to Make Private Transactions 100x Lighter and 6x Faster

Zcash’s core differentiator, shielded transactions, are computationally heavy – so much so that most users and exchanges can’t support it. Heralded as a privacy breakthrough in the crypto community, shielded transactions run a type of cryptography named zk-snarks in order to obscure transaction data. But a new upgrade, predicted to activate on October 29, is being touted as… Read More »

China Wants To Stop Anonymous Blockchain Use: Reports

New cybersecurity rules currently out for public consultation in China would notionally force users to provide their real identity to use any kind of Blockchain-based service. Blockchain? You’ll Need Your Name And ID As South China Morning Post (SCMP) reports quoting local media sources, the Cyberspace Administration of China is currently seeking feedback on the proposals, the deadline for… Read More »