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- Weiss Crypto tweeted from their twitter handle @WeissCrypto about the most dominant cryptocurrency in the market Bitcoin (BTC), which is showing bullish signs.
- Weiss Crypto has seen to be advising Bitcoin to adopt some better privacy features it wishes to survive in the long term.
Weiss Crypto, the nation’s leading provider of independent, unbiased, trusted rating of Stocks, Mutual Funds, Cryptocurrencies, Financial Institutions, and ETF (Exchange Traded Funds). It rates cryptocurrencies and tokens based on various factors and followed by many big investors of the respective field.
Recently Weiss Crypto tweeted from their twitter handle @WeissCrypto about the most dominant cryptocurrency in the market Bitcoin (BTC), which is showing bullish signs.
If #BTC is to survive in the long term, it's going to need better privacy features. Luckily, industry is already working on that – We've got #Mimblewimble, Dandelion protocol, #Schnorr signature, #zkSNARKS and many more. $BTC
— Weiss Crypto (@WeissCrypto) February 14, 2020
in this tweet, Weiss Crypto has seen to be advising Bitcoin to adopt some better privacy features it wishes to survive in the long term. The Weiss crypto even named some of them that Bitcoin (BTC) can refer to some of them are
- MImbleWImble
Mimblewimble is a bitcoin-like protocol but differentiates itself with complete focus on its privacy and fungibility sector to make a crypto coin transaction. The key differences between bitcoin and MimbleWimble are it has no scripts, cross block mergeable transactions, and confidential account balances.
- Dandelion protocol
The Dandelion protocol is a network layer anonymity solution to ascertain users to give P2P (Peer-to-Peer) anonymity in their transactions across the blockchain network.
- Schnorr signature
In cryptography, the Schnorr signature is a digital signature that resulted from a Schnorr signature algorithm, which was described by Claus Schnorr. The signature is known for its simplicity and the from the first ones to be implementing security based on certain discrete algorithm problems.
- zk-SNARKs
zK-SNARKs stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, which refers to a proof of construction where one can prove possessions of certain information like some secret key. Without revealing that data and with close to none interaction between the one who is proving and the one who is verifying.
Weiss crypto had more to say, but unfortunately, twitter had little space to write more names, but it sure grabbed attention with this remark by mentioning BTC in his tweet, which could be their strategy all along. Or they wanted to advise Bitcoin and make them do some alteration in their privacy feature to keep on rating them in the future.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
