Amazing schemes and technological innovations are being tried and implemented to continuously enhance Bitcoin’s scalability, fungibility, financial confidentiality, and privacy. The Confidential Transactions (CT) tool is one of these schemes proposed to improve security and privacy. Now, to enhance CT capabilities, researchers are introducing a new efficient zero-knowledge proof protocol called Bulletproofs.
Bulletproofs To Improve Bitcoin Confidentiality
A team of researchers has recently put forward a paper entitled “Bulletproofs: Short Proofs for Confidential Transactions and More.” In it, the team proposes:
[Bulletproofs are] a new non-interactive zero-knowledge proof protocol with very short proofs and without a trusted setup; the proof size is only logarithmic in the witness size.