Researchers Propose 'Shielded Bitcoin' for Private Transactions via Zero-Knowledge Proofs

Misha Komarov, co-founder of alloc/init, has introduced a research proposal for 'Shielded Bitcoin,' a method to enable private transactions on the Bitcoin network using zero-knowledge proofs. The proposal aims to hide sender, receiver, and amount details without requiring soft forks, custodians, or bridges, utilizing Bitcoin PIPEs. The project remains in the research phase and is not yet a functional product.