Zerocoin reduces proof size by 98%, plans to release as altcoin
What is Zerocoin?
Zerocoin is a proposed extension to the Bitcoin payment network that adds anonymity to Bitcoin payments.
Yesterday, Matthew Green from Zerocoin project posted this to his tweet:
“We designed a new version of Zerocoin that reduces proof sizes by 98% and allows for direct anonymous payments that hide payment amount.”
“We’re going to release it as an alt-coin. It will take a few months to get it to that point. Bitcoin can do what it wants.”
“We need a few months to clean up the code. We plan to release the client and an alt-chain.”