RATE Group | Mobius to bring anonymity of Monero to Ethereum » Brave New Coin
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Mobius to bring anonymity of Monero to Ethereum » Brave New Coin

03 Aug Mobius to bring anonymity of Monero to Ethereum » Brave New Coin

Posted at 03:09h in Ethereum News by

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At the Privacy Enhancing Technologies Symposium in Barcelona last week, two researchers presented a plan to bring the anonymity of monero to the ethereum network. With the catchline “Trustless Tumbling for Transaction Privacy”, the protocol uses mixing solutions to obscure the payment information of ether transactions.

Unlike monero, bitcoin and ethereum do not offer transaction privacy, and users interested in anonymity must use third party tumbling services that obfuscate transactions by mismatching origins and destinations until the link is severed between sender and recipient.

Instead of relying on a centralized tumbling service, Mobius obfuscates transactions on the network by using a smart contract which employs the same cryptographic devices as Monero—ring signatures and stealth addresses—to complete the process without reliance on a third party.

Tumbling services require a significant amount of trust to use, and are in a unique position to steal bitcoin sent to them….

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