Researchers propose Shielded Bitcoin to add private Zcash-style transfers without soft fork

🕵️‍♂️ Alloc Init proposes Shielded Bitcoin for private $BTC transfers without a soft fork.
🔒 The design aims to conceal transaction details using zero-knowledge proofs and encrypted notes.
🧑‍💻 Experts raised concerns about its lack of quantum resistance and privacy limitations.
📚 Shielded Bitcoin adapts Zcash privacy tech for use in Bitcoin’s ecosystem.

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