Breakthrough in Private Cryptocurrency Transactions Announced
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🛡️💻 Shielded CSV: A Breakthrough in Private Cryptocurrency Transactions. The introduction of Shielded Client-Side Validation (CSV) marks a significant advancement in private cryptocurrency technology, enabling truly private transactions with minimal blockchain footprint. Unlike traditional cryptocurrencies that require extensive data storage and verification, Shielded CSV only necessitates 64 bytes of data per transaction, allowing for a throughput of 100 transactions per second on Bitcoin. This innovative approach utilizes Proof Carrying Data (PCD) to enhance privacy while reducing communication and computational costs. The protocol’s design ensures that verification costs remain independent of transaction history, paving the way for future enhancements and practical implementations, including strategies based on Folding Schemes and Recursive STARKs. This development could reshape the landscape of cryptocurrency privacy and efficiency.
