Researchers Propose Zcash-Style Private Bitcoin Transfers Without Soft Fork
Key Highlights Alloc Init researchers propose Shielded Bitcoin, a metaprotocol bringing Zcash-style private transfers to Bitcoin without a soft fork, using encrypted notes and zero-knowledge proofs. The system relies on Bitcoin as a “neutral publication and ordering layer” while separate indexers verify ZK-proofs and prevent double-spending, avoiding base-layer consensus changes. Critics highlight a small initial ...