Ripple: Is XRP becoming a privacy coin? Anonymity on XRPL is being researched
Professor Stefanie Roos is driving the research of anonymity features on the XRP Ledger.
Their research is funded by Ripple’s initiative UBRI and offers students direct access to the company’s expertise.
Anonymity and data protection are important factors that are becoming increasingly important to the population and companies of today.
The Twitter hack has shown how vulnerable centralized systems are. Ripple has also recognized this trend and is driving research into anonymity features on the XRP Ledger.
Data protection and privacy increasingly important, also at Ripple
In a post on the Ripple Blog, Stefanie Roos, assistant professor at Delft University of Technology in the Netherlands, says that people think Bitcoin provides sufficient anonymity, but the reality is very different:
Because you don’t have to enter your real name, people believe that Bitcoin is very privacy preserving.
But when someone keeps reusing the same information, it’s possible to track everything they do.
If you can link that profile to a real person then you can see all their activity.
Roos had recently developed a peer-to-peer system called Speedy Murmurs at the Canadian University of Waterloo, which uses a path-based transaction approach similar to the Bitcoin Lightning network.
Roos is now researching the programming of a flexible anonymity for blockchain-based payments, especially in the area of corporate transactions.
Data protection is becoming more and more important in today’s world, as companies do not want to disclose sensitive data when they pay via the blockchain.
In their opinion, private blockchains are only a limited future-proof solution because only a limited number of actors can use the system.
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Their research is funded by Ripple’s initiative UBRI and offers students direct access to the company’s expertise.
Anonymity and data protection are important factors that are becoming increasingly important to the population and companies of today.
The Twitter hack has shown how vulnerable centralized systems are. Ripple has also recognized this trend and is driving research into anonymity features on the XRP Ledger.
In a post on the Ripple Blog, Stefanie Roos, assistant professor at Delft University of Technology in the Netherlands, says that people think Bitcoin provides sufficient anonymity, but the reality is very different:
Because you don’t have to enter your real name, people believe that Bitcoin is very privacy preserving.
But when someone keeps reusing the same information, it’s possible to track everything they do.
If you can link that profile to a real person then you can see all their activity.
Roos is now researching the programming of a flexible anonymity for blockchain-based payments, especially in the area of corporate transactions.
Data protection is becoming more and more important in today’s world, as companies do not want to disclose sensitive data when they pay via the blockchain.
In their opinion, private blockchains are only a limited future-proof solution because only a limited number of actors can use the system.
Follow me on
Twitter: https://twitter.com/cryptoexpert20
If you wont me to post your cryptocurrency article on my blog From the link
https://www.fiverr.com/cryptoexpert20/post-your-cryptocurrency-article-on-my-blog
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