Post
Topic
Board Development & Technical Discussion
Re: CoinJoin: Bitcoin privacy for the real world
by
telepatheic
on 18/05/2014, 23:03:48 UTC
It also depresses me somewhat to see people talking about darkcoin (or even zerocoin/zerocash) when bytecoin has a privacy system with much better properties than CoinJoin (it's similar to CJ except you safely join with offline coin holders, and all users are participants), something made possible by the fact that it doesn't have to fit within the existing Bitcoin network, and it's completely practical, reasonably performant and deployed for some time now. But strangely, it's virtually unheard of...  Bytecoin's privacy properties are in some sense weaker than zerocoin's— since its like a supercharged coinjoin— but the cryptography is much stronger and much more efficient, so in practice I'd expect it to have better anonymity just due to it being much more practical (also as evidence to it existing as a deployed system).  ... so yea, if you actually are interested in privacy technology in a non-bitcoin system, Bytecoin seems to have pretty much nailed it.

Thanks for introducing me to Bytecoin/CryptoNote. Some solid cryptography being used (in theory) and some great improvements over bitcoin. Unfortunately the fact that there is another coin called bytecoin is very confusing and bytecoin doesn't really have any formal documentation other than this page. Time to do some source code reading!