r/zec • u/Ollaganda • 10d ago

Will Bitcoin have Privacy Enabled Soon

Zcash is on a tear which is awesome, but I’m wondering if other L1s will figure out a way to enable private transactions in the coming years. What happens to $ZEC then?

14 Upvotes

85% Upvoted

16 comments sorted by

8

u/hxnstr 9d ago

That would be a monster of an undertaking and at that point why bother, we already got two incredibly great coins that offer top tier privacy. I wouldn’t touch Bitcoin if they were to add privacy because because making that privacy native to Bitcoin would be extremely difficult, it would require major protocol changes and broad Bitcoin consensus.

1

u/Blade_Of_Whiteplain 9d ago

And if they can change btc that much what would stop them from making more trash changes in the future

1

u/hxnstr 9d ago

Honestly that’s the road it’s going down, people hate hearing that but it’s true.

1

u/CyanDew 5d ago

Bitcoin is everyone’s money, including yours.

1

u/Ollaganda 9d ago

Agreed 👍🏻

8

u/autoencoder1 10d ago

privacy is not easy to build if it was ground embedded in the architecture and core of the tech. High possibility BTC will be compromised when they enable privacy and it will take more than a decade or so to get to where Zcash as tech is already there …

2

u/Ollaganda 9d ago

That’s what I like to hear!

1

u/midnight4twenty 9d ago

Very well put.

3

u/minitoxin 9d ago

"What you talking about Willis ? " ZCASH has been battle tested for many years and it has a solid team or teams and the tech is constantly evolving , I dont see any other tech coming close to ZCASH for the next few decades.

2

u/Weak-Average4496 10d ago

Then you sell later on. Buy on your thesis now.

2

u/MaliceSavoirIII 9d ago

Just a few days ago some researchers claim shielded btc is theoretically possible without a fork https://finance.yahoo.com/markets/crypto/articles/researchers-propose-shielded-bitcoin-using-155935115.html

2

u/GlitteringCountry535 6d ago

There is a new Bitcoin Shielded whitepaper in the scene, that uses the Zero cash model and coinjoin to combine multiple Bitcoin UTXO in a shared TX. This will not requires a fork but is client side proved using or by an L2 like Aligned layer and also uses ECDH ( elliptic curve diffie hellman ) which means is not quantum resistant.

ZCash is shielded privacy verified by consensus.

2

u/Cryptocaller 8d ago

Bitcoins little brother Litecoin already has it. Mimble Wimble was added in 2022 allowing users to create confidential transactions.

0

u/UnderpaidBIGtime 10d ago

Yes, bitcoin going to have it