Bitcoin Forum

Hello fellow forum members  ;D,

I'm thrilled to introduce you to a groundbreaking project that aims to redefine the landscape of Bitcoin transactions: Secure Bitcoin Black (SBB). In this post, I'll provide an overview of SBB and invite you to join us on this journey towards enhanced privacy and security in digital finance.

Overview of Secure Bitcoin Black
Secure Bitcoin Black is a cutting-edge initiative designed to address the inherent transparency of Bitcoin transactions by prioritizing privacy and security. Leveraging advanced cryptographic techniques and innovative scripting protocols, SBB offers a secure and anonymous solution for managing Bitcoin assets.

Key Features of Secure Bitcoin Black

Anonymous Wallet Generation
SBB generates secure and anonymous receiving wallets, ensuring confidentiality in transactions.

Enhanced Transaction Security
Transactions conducted through SBB are encrypted and anonymous, safeguarding user privacy.

User-Friendly Interface
SBB provides an intuitive interface for seamless navigation and transaction management.

Community Collaboration
As an open-source project, SBB encourages community participation and collaboration in its development and improvement.
Why Secure Bitcoin Black Matters

In an era where data privacy is of paramount importance, SBB empowers individuals to take control of their financial transactions while safeguarding their sensitive information. By prioritizing user privacy and security, SBB is poised to revolutionize the way we engage with digital finance.

Join Us  ;)
We invite you to learn more about Secure Bitcoin Black and join our community of enthusiasts, developers, and innovators. Together, we can shape the future of digital finance and pave the way for a more secure and private financial ecosystem.

email securebitcoinblack@gmail.com


Conclusion  ???
Secure Bitcoin Black represents a bold step towards a more secure and private digital financial landscape. We're excited to embark on this journey with you and invite you to be a part of this transformative initiative.

Thank you for your interest and support!

Secure Bitcoin Black.

Example
Secure Bitcoin Black (SBB) Address Generated.

Script Generated from Random Bytes (Range: 3 Bytes):
Script: 326236

Locking Key Generated from Script:
Locking Key: 033262367687 (Lock Script: 0x3 (push 3 bytes) + random string + OP_DUP + OP_EQUAL)

Unlocking Script (Redeem Script) for Spending Funds:
Unlocking Script: 080603033262367687

Script Hash Calculation:
Script Hash (SHA256): SHA256(033262367687)

Script Hash 160 Calculation (RIPEMD160):
Script Hash 160: RIPEMD160(SHA256(033262367687))

P2SH Payload Creation:
P2SH Payload: P2SH Prefix + Script Hash 160

Checksum Calculation for Address:
Double Hash (SHA256) of P2SH Payload for Checksum

P2SH Address Generation:
P2SH Address: Base58 Encode(P2SH Payload + Checksum)

Result:

Script: 326236
Lock: 033262367687 (Lock Script: requires Unlock Script for spending funds)
Unlock: 080603033262367687 (Unlock Script for spending funds)
Address: 2N6aRozc4sbi635Dxm5AUCNoaX6qe2UdFCx (Bitcoin Address corresponding to the Lock and Unlock Script) <- dont send tesnet btc balances to this address, since the codes is still on development for generate the raw transaction hex, for easy use to broadcast through network.
No private key is used for this transaction (UTXO).  :o

Disclaimer
Please note that this example serves for illustration purposes only. The codes are currently under development on the testnet and require further enhancements. Additionally, the final test will aim to make the address resemble a P2SH format while maintaining the address format similar to SHA256.

Eg.
pkscript: 245e85c70aaf9953b08c21d8b8e09bcb0ea3ab4c8bd26063a3989a177f6e0c5a9300000000

so the transaction on blockchain explorer look like this.

From

Unknown ?
1.00000000 BTC
•$69,456.33 BTC

To

Unknown ?
1.00000000 BTC
•$69,456.33

How is this different from Monero or Zcash?  They're already established privacy coins with tons of users.  What makes SBB the better option?

This whole post talks about privacy and security, but it's all vague.  Tell us the specifics!  What "advanced cryptographic techniques" are you using?  How's your "anonymous wallet generation" work?

So where is source code of this project?

Stay tune sir, I just stand alone on this project ;)

Monero or Zcash is implemented on their own blockchain, i just want take advantage with bitcoin network.

Zero-Knowledge Proofs for leverage zero-knowledge proofs to enable transaction validation without revealing sensitive information, enhancing privacy and confidentiality.
Use method ring signatures employed to obfuscate the origin of transactions, making it difficult for third parties to trace the flow of funds.

Anonymous Wallet Generation.
Wallet generation process is designed to provide users with complete privacy and anonymity when managing their Bitcoin assets.

Randomized Script Generation
generate a random script using secure cryptographic techniques, ensuring unpredictability and randomness.
Locking and Unlocking Scripts
The generated script is used to create locking and unlocking scripts, which form the basis of secure Bitcoin transactions. These scripts contain specific opcode sequences and cryptographic elements to ensure the integrity and security of transactions.
P2SH Address Generation
The locking script undergoes hashing and transformation to generate a Pay-to-Script-Hash (P2SH) Bitcoin address. This address enhances privacy by obfuscating transaction details and providing a layer of anonymity for users.
Seamless Transaction Management
Users can securely manage their Bitcoin funds using the generated P2SH address, with the assurance of privacy and security throughout the transaction process.

this is most like stealth address, but i provide the simple way since stealth address method
Generate a private key for the sender -> Derive the corresponding public key for the sender -> Generate a private key for the recipient -> Derive the corresponding public key for the recipient -> Generate a random secret for the stealth address -> Hash the shared secret to create the stealth address.

and SBB is exploring solutions that allow users to generate temporary addresses for single-use transactions, reducing the risk of address reuse and enhancing anonymity.

The established notion of confidential transactions [1] requires hiding the amounts involved.

Since SBB doesn't hide amounts, it has no confidentiality.

[1] https://en.bitcoin.it/wiki/Confidential_transactions