‘Mind-Boggling’ Math Could Make Blockchain Work for Wall Street
- Ethereum upgrade will allow users to be totally anonymous
- ‘A game of cat and mouse’ as privacy matters gain attention
Bitcoin Is Like Airline Miles, Says JPM's John Normand
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A major breakthrough in cryptography may have solved one of the biggest obstacles to using blockchain technology on Wall Street: keeping transaction data private.
Known as a “zero-knowledge proof,” the new code will be included in an Oct. 17 upgrade to the ethereum blockchain, adding a level of encryption that lets trades remain private. Previously, users were able to remain anonymous but transactions were verified by allowing everyone on the network to see them.