“Coins with optional privacy can be tracked, says Dave Jevans, the CEO of the blockchain detective firm CipherTrace, but those where \u201cprivacy features are on by default\u201d are \u201cmuch more difficult.\u201d For anyone that can crack the code and trace these coins, the bounty is expected to be high. Desperate to find a cure, the U.S. Department of Homeland Security has already published a pre-solicitation document calling for technology that can follow the trails left by privacy coins like Monero and Zcash.
\nBut even as the authorities whack down the mallet, the mole is sure to pop up in another hole. And the next generation of privacy coins \u2014 built on a protocol named \u201cMimblewimble\u201d after the \u201ctongue-tying curse\u201d in the Harry Potter books \u2014 are already promising faster transactions, even higher levels of privacy, and immunity from the scaling problems that have slowed down bitcoin\u2019s progress.”<\/p>\n
https:\/\/onezero.medium.com\/how-crypto-could-bring-tax-evasion-to-the-masses-bb4060766147<\/p>\n","protected":false},"excerpt":{"rendered":"
“Coins with optional privacy can be tracked, says Dave Jevans, […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15797","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\n