Monero to Become First Billion-Dollar Crypto to Implement ‘Bulletproofs’ Tech

A highly anticipated technology designed to make blockchain privacy features more scalable will be tested in the wild soon.

Named “bulletproofs,” the tech, which was invented by cryptographers Benedict Bunz and Jonathan Bootle, promises to dramatically decrease the weight of confidential transactions, and on Thursday, Oct. 18, privacy-oriented cryptocurrency monero will put that to the test.

The first major cryptocurrency to deploy the technology, monero has been focused on how to implement bulletproofs for the past year – in an effort to cut the size of its confidential transactions by at least 80 percent.

Continue Reading on CoinDesk

Like this: Like Loading...