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'Bitcoin Is Not a Privacy Coin' Says Crypto Evangelist Andreas Antonopoulos


'Bitcoin Is Not a Privacy Coin' Says Crypto Evangelist Andreas Antonopoulos

Andreas Antonopoulos discussed how he desired to see Bitcoin have more “privacy features” in a recent live stream Q&A session published on Youtube on July 7. Antonopoulos discussed the privacy-centric coin monero and concepts like stealth addresses and ring signatures. Every once in a while, the well known cryptocurrency expert and evangelist, Andreas M. Antonopoulos, publishes a short clip of him answering a question from one of his live stream followers. On July 7, Antonopoulos discussed the Bitcoin (BTC) network and answered the question of whether or not “[BTC would] implement privacy features similar to monero?” 'Bitcoin Is Not a Privacy Coin' Says Crypto Evangelist Andreas Antonopoulos Monero (XMR) is an open-source cryptocurrency created in April 2014 that uses a different proof-of-work (PoW) algorithm. XMR is based on the Cryptonight PoW hash algorithm that originally stemmed from the Cryptonote protocol established in bytecoin. Essentially the project was a forked codebase of bytecoin and originally called “bitmonero.” What makes monero transactions hard to trace is the obfuscated public ledger and ring signatures used. Monero also leverages bulletproofs, and stealth (one-time) addresses. Read More...