[en] Tackle storage demands of anonymous cryptocurrencies

"This work tackles the ever-growing #storage demands of #anonymous cryptocurrencies. It introduces a new scheme that randomly partitions the fresh outputs of transactions into fixed-size bins. Subsequent transactions reference these outputs when they transfer the tokens further."

"The basic idea is that once a bin has been referenced as many times as its size, it can safely be pruned from the ledger. This preserves both #privacy and #security, but reduces the data that needs to be stored on the #distributed #ledger."

https://cryptobern.github.io/toxic_decoys/

#cryptocurrency #toxicdecoy #transparentledger #bitcoin #ethereum #monero #zcash #cryptobern #unibe #unibern #universitybern #research #study #ResearchHighlights

Toxic Decoys: A Path to Scaling Privacy-Preserving Cryptocurrencies

Public blockchains such as Bitcoin and Ethereum are often referred to as transparent ledgers: every transaction is visible on-chain, and addresses can be linked through transaction graph analysis.