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hello there Dev, as i see you mention here:
Better Privacy Protection
Bitcoin only protects the privacy of the traders, but not protect that of the transaction itself.
We generally consider that Bitcoin is secure and does not depend on central agencies. In fact, on one hand, the security comes more from the anonymity of the blockchain. People can see all the transaction records from a bitcoin address, but we do not know who the owner is. Currently, many users trade bitcoins through the exchange or OTC platforms. In order to meet the regulatory and compliance obligations, they map and combine users' bitcoin addresses, IDs and social security IDs. Actually, this instead leads to undermine bitcoin’s anonymity, making all transaction information transparent.
On the other hand, until now, the counterparty information, number and time of the transactions are made public. In many scenarios, these specific information is sensitive. For instance, when a shareholder transfers his/her equity, its agreement price and transfer time are all sensitive and need to be protected. This is also one remaining problem in Bitcoin.
However, the DAG has its own solution about privacy issues. For example, Byteball users can choose the private mode for data-sensitive transactions. In private transactions, the DAG's main network can prove the existence of the transactions. Their counterparties' information would be protected soundly instead of being exposed to the entire network.
it mean that dag bpa going to have anonymous feature add on when it release ?
we really want to know the timeline of release of dag bpa.
It is supposed to be relesaed on June, but we are not very sure.Better Privacy Protection
Bitcoin only protects the privacy of the traders, but not protect that of the transaction itself.
We generally consider that Bitcoin is secure and does not depend on central agencies. In fact, on one hand, the security comes more from the anonymity of the blockchain. People can see all the transaction records from a bitcoin address, but we do not know who the owner is. Currently, many users trade bitcoins through the exchange or OTC platforms. In order to meet the regulatory and compliance obligations, they map and combine users' bitcoin addresses, IDs and social security IDs. Actually, this instead leads to undermine bitcoin’s anonymity, making all transaction information transparent.
On the other hand, until now, the counterparty information, number and time of the transactions are made public. In many scenarios, these specific information is sensitive. For instance, when a shareholder transfers his/her equity, its agreement price and transfer time are all sensitive and need to be protected. This is also one remaining problem in Bitcoin.
However, the DAG has its own solution about privacy issues. For example, Byteball users can choose the private mode for data-sensitive transactions. In private transactions, the DAG's main network can prove the existence of the transactions. Their counterparties' information would be protected soundly instead of being exposed to the entire network.
it mean that dag bpa going to have anonymous feature add on when it release ?
we really want to know the timeline of release of dag bpa.
