[2017-04-03] 'Confidential Assets': Blockstream Reveals New Bitcoin Privacy Tech

[tyz]

'Confidential Assets': Blockstream Reveals New Bitcoin Privacy Tech

Bitcoin startup Blockstream has unveiled new technology for shielding data on a blockchain.
Expanding on an old technique used to hide transaction amounts, the company has developed a new scheme dubbed 'confidential assets' to conceal the types of assets in a transaction. Revealing just how the tech works, the startup has released a new paper today, co-authored by Blockstream developers Andrew Poelstra, Adam Back, Mark Friedenbach, Greg Maxwell and Pieter Wuille.

http://www.coindesk.com/confidential-assets-blockstream-reveals-new-bitcoin-privacy-tech/

[diciky]

But how will Blockstream make money if they can't force everyone to use their proprietary Lightning Hub? /s
It's refreshing to see people actually working on improvements to Bitcoin instead of doing nothing but bare minimum work and political posturing.

[jackydm168]

But how will Blockstream make money if they can't force everyone to use their proprietary Lightning Hub? /s
It's refreshing to see people actually working on improvements to Bitcoin instead of doing nothing but bare minimum work and political posturing.

It's almost like the place is run by a bunch of idealist cypherpunks that want bitcoin to succeed. Also probably some large holders that want it to succeed. They don't want more of the pie; they will be far better served making the pie bigger. And they are doing the work to make it much, much bigger.