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[[alloc] init] Researchers release "Shielded Bitcoin" proposal, aiming for Bitcoin privacy transactions without a soft fork.
The proposal introduces a novel privacy metaprotocol that enables strong privacy transactions on the Bitcoin base layer without operators, soft forks, or other changes to the existing Bitcoin consensus. This protocol is achieved by embedding encrypted data blocks within Bitcoin transactions. The Bitcoin network itself does not validate or enforce its rules; instead, specialized indexers passively monitor the blockchain and validate transactions.
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