TumbleBit

Increasing the confidentiality of Bitcoin's blockchain to reduce risks to businesses and users.

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Technologies Used

Python
Blockchain
Cryptography
Bitcoin
Cyber Security
C#
.NET

Project Team

nopara73
Developer
Ethan Heilman
Entrepreneur Developer
leen.k.alshenaibr
nicolas.dorier
dangould

This team is looking for

Product Manager Investor
REQUEST TO JOIN

About

The transparent nature of The Blockchain is about to redefine the rules of privacy in our society. With The Blockchain, the level of privacy that traditional institutions currently provide us is not achievable. Currently we trust financial institutions with the confidentiality of our financial records. Our financial records are not made public. They are not shared with our landlords, neighbors, ex-husbands/ex-wives or hackers. Consider what it would mean if society were to adopt the Blockchain. We would lose all the privacy we take for granted today. Critical institutions, banks and governments would struggle to keep their financial transactions confidential. Businesses would in, real time, be leaking their sales numbers to competitors. A world like this is full of opportunities for scammers, con-artists, fraudsters and other criminals. Those who have recognized this threat may turn to using trusted, centralized third parties, like CoinBase or BitcoinFog to regain their privacy. Unfortunately these services do not provide the advantages of a blockchain. Instead like traditional banking systems the third party must be trusted to not steal users Bitcoins or breach their privacy. TumbleBit provides a solution for these problems. TumbleBit is designed to prevent this fraud by providing privacy and confidentiality without the risk of theft or breach of privacy. TumbleBit works with today’s Bitcoin and allows scalable, fast payments.

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