Privacy Implementation Vote Underway
In this weeks news the vote for the future of NavCoins privacy is underway, work has begun extending NavCoins DAO and beekarts Community Fund article is live!
This week's top story
Privacy Implementation Vote Underway
After much debate within the community about the best path forward for private transactions on the NavCoin blockchain a second vote is underway to understand the network sentiment for an improved implementation based on the ValueShuffle protocol.
As described last week, ValueShuffle is essentially a combination of CoinJoin, Confidential Transactions and Stealth Addresses, and Alex has some ideas to make it more scalable, more decentralised all while only relying on very well tested cryptography to provide privacy.
The vote has had an unprecedented level of support so far with 2343 votes for and only 10 against at the time of writing. This is the highest ratio of support in the history of the Community Fund to date, so its looking positive the vote will conclude positively at the end of the cycle.
These types of votes while not binding are useful for the network to communicate its sentiment on issues before further effort is spent on a proposal which will ultimately be declined by the network.
For more information on the privacy protocol suggestion or the vote process please read the reddit post by u/jambaboba.
More in this week's Community News
- NavDAO Extension Started
- Websites Bounty Programme Approved
- Community Fund Article Live
- NavCoin Core Progress Report
- Community Fund Update
Read the Full Article »
In this weeks news the vote for the future of NavCoins privacy is underway, work has begun extending NavCoins DAO and beekarts Community Fund article is live!
This week's top story
Privacy Implementation Vote Underway
After much debate within the community about the best path forward for private transactions on the NavCoin blockchain a second vote is underway to understand the network sentiment for an improved implementation based on the ValueShuffle protocol.
As described last week, ValueShuffle is essentially a combination of CoinJoin, Confidential Transactions and Stealth Addresses, and Alex has some ideas to make it more scalable, more decentralised all while only relying on very well tested cryptography to provide privacy.
The vote has had an unprecedented level of support so far with 2343 votes for and only 10 against at the time of writing. This is the highest ratio of support in the history of the Community Fund to date, so its looking positive the vote will conclude positively at the end of the cycle.
These types of votes while not binding are useful for the network to communicate its sentiment on issues before further effort is spent on a proposal which will ultimately be declined by the network.
For more information on the privacy protocol suggestion or the vote process please read the reddit post by u/jambaboba.
More in this week's Community News
- NavDAO Extension Started
- Websites Bounty Programme Approved
- Community Fund Article Live
- NavCoin Core Progress Report
- Community Fund Update
Read the Full Article »