As blockchain surveillance rises, the need for private financial transactions for bitcoin has become a holy grail for bitcoiners. Over the past few months, many Bitcoin proponents have been focused on the Tumblebit project, a protocol that aims to anonymize transactions. This week, the blockchain development company Stratis has announced “Breeze Wallet”, a protocol that will implement Tumblebit into a “real-world production environment.”
Stratis Announces ‘Breeze Wallet’ a Tumblebit SPV Wallet in C#
Stratis is a blockchain development platform that allows developers and enterprises the ability to test and deploy blockchain-based applications. The platform equips programmers with a blockchain building interface using C# and the Microsoft .NET Framework. The company, founded in 2016 by Chris Trew, aims to provide clients with end-to-end solutions for distributed ledger development.
Earlier this year, the startup announced the company’s daemon alpha release that affords users the ability to publicly test a Bitcoin full node written in C# for the .NET Core platform. With the help of Bitcoin core developer Nicolas Dorier, the platform allows testing concepts like Tumblebit and Segregated witness in a production environment. On March 2, the company announced project “Breeze Wallet” which they claim will be one of the first Bitcoin wallets to address the privacy issues in blockchain transactions.
“Presently there is a huge demand for privacy on the blockchain”, Stratis details. “One of the main hurdles faced by the adoption of blockchain technologies in the financial services industry is the privacy of financial data on the blockchain”.
Tumblebit Researcher Will Advise the Breeze Wallet Development Team
To be able to build the Breeze Wallet to the Tumblebit specifications, the company will be helped by Adam Ficsor, a contributor to the Tumblebit research paper. Stratis details Ficsor will give technical advisement towards the development of a production-ready Tumblebit full block SPV wallet in C#. The team hopes Breeze Wallet could become the “de-facto wallet” that offers enhanced privacy for bitcoin transactions worldwide. According to Ficsor, blockchain surveillance is a not at all theoretical and unfortunately a reality for cryptocurrency users.
“Everyone who is not using Bitcoin Core had all their addresses linked together by third parties”, Ficsor explains. “This is not a theoretical “assume the worst case” strategy; this is reality. The third parties are either the central servers your wallet relies on or, in case of SPV wallets, all blockchain surveillance companies”.
Currently, there is no completion date set for the Breeze Wallet project. Stratis says Tumblebit is fully compatible with today’s Bitcoin protocol and the startup says they have taken the initial steps to make Tumblebit a “reality in the shortest term”.
What do you think about Stratis developing a Tumblebit SPV wallet? Let us know in the comments below.
Images courtesy of Shutterstock, Pixabay, and the Stratis website.
Bitcoin.com offers up-to-the-minute charts on bitcoin price and other stats. Our feeds show the bitcoin price index in all three major currencies (USD, CNY, EUR). Also, if you want to dig deeper into how the bitcoin network is performing behind the scenes, check out the statistics page too.
Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.