Bitcoin, Its Privacy Problem and How to Fix It
Dr. Alessandro Chiesa will discuss the bitcoin privacy problem and how to fix it. He will introduce the main algorithmic ideas behind Bitcoin, the first decentralized crypto-currency to gain significant public trust and adoption.
Dr. Chiesa will further explain one of Bitcoin’s main limitations: its lack of privacy due to the fact that every payment is broadcast in plaintext. And he will conclude his discussion by explaining how to solve this problem with a beautiful cryptographic tool, zero knowledge proofs. This solution was recently deployed in the wild, as part of the cryptocurrency Zcash.
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