Bitcoin Silent Payments And Secret Blinding Keys Today

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Bitcoin is one of the most pivotal breakthroughs in the entire digital age in terms of transferring value between one person and another. It does not require intermediaries. It is secured by a decentralized quorum of miners and validated by every participant on the network who chooses to in order to guarantee the validity of individual payments. The architecture of the system is designed to allow anyone from anywhere on the planet to receive money from anyone else regardless of where they are. Crowdfunding, charity, funding anything you want becomes instantly possible without needing anyone’s permission, without dealing with any gatekeepers, without any red tape. It’s a brilliant idea in theory, but in reality, it suffers from one massive shortcoming: privacy.