Bitcoin will get a privacy upgrade as concerns rise over the cryptocurrency’s ability to withstand ransomware attacks
Bitcoin’s upcoming privacy upgrade will be the crypto’s most significant change in the last four years. Bitcoin says the update will focus on the software that underpins the network.
The main advances to the network include changes that will make the network easier to manage for big embedded applications.
The update will also enhance user privacy and let more people use wallets that make it harder for people and organisations to track who paid who.
This follows U-S authorities recently linking cyber attacks against Colonial Pipeline and meat producer JBS SA to groups in Russia that used Bitcoin.
Castle Island Ventures says the upgrades are “definitely a driver in as much as it proves that Bitcoin can still innovate and can upgrade itself.”
