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Bitcoin => Bitcoin Discussion => Topic started by: krach on February 11, 2020, 02:40:59 PM



Title: Sphinx: The anonymous data format behind Lightning and Nym
Post by: krach on February 11, 2020, 02:40:59 PM
Sphinx is an anonymous cryptographic packet format without precedent
, and it powers both the Lightning Network and Nym. This is how it works its magic.

https://medium.com/@nymtech/sphinx-tl-dr-the-data-packet-that-can-anonymize-bitcoin-and-the-internet-18d152c6e4dc (https://medium.com/@nymtech/sphinx-tl-dr-the-data-packet-that-can-anonymize-bitcoin-and-the-internet-18d152c6e4dc)


Title: Re: Sphinx: The anonymous data format behind Lightning and Nym
Post by: seoincorporation on February 12, 2020, 03:04:47 AM
Sphinx is an anonymous cryptographic packet format without precedent
, and it powers both the Lightning Network and Nym. This is how it works its magic.

https://medium.com/@nymtech/sphinx-tl-dr-the-data-packet-that-can-anonymize-bitcoin-and-the-internet-18d152c6e4dc (https://medium.com/@nymtech/sphinx-tl-dr-the-data-packet-that-can-anonymize-bitcoin-and-the-internet-18d152c6e4dc)

Is a great article. but looks like it's too late to make from bitcoin something anonymous... I mean, the technology looks nice and it could work, but some coins like Monero already solve the puzzle. The right way to be anonymous in our transactions is using a blockchain made for that task, easy as that.


Title: Re: Sphinx: The anonymous data format behind Lightning and Nym
Post by: krach on February 12, 2020, 11:25:45 AM
Quote
Is a great article. but looks like it's too late to make from bitcoin something anonymous... I mean, the technology looks nice and it could work, but some coins like Monero already solve the puzzle. The right way to be anonymous in our transactions is using a blockchain made for that task, easy as that.

You do not need to make -another- blockchain for network level privacy. You need to use something like NYM. Think of it in a similar way of using TOR with a bitcoin node.