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Alloc Init
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Shielded Bitcoin | PIPEs
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Thanks for having us in Amsterdam, @bitcoinconfams team!
Packed house at Bitcoin Amsterdam for @nemothenoone presenting our @allocinitxyz team’s latest work on Shielded Bitcoin & PIPEs!
We believe privacy will play a huge role in Bitcoin adoption and the security and resilience of its users.
It’s needed now more than ever. The risk surface is expanding, compounding with every new onchain tx staying public forever at a point in time where AI powered surveillance and attacks are becoming wildly more powerful. Add custody exploits and user data breaches — theft, coercion, and physical violence. Even in trading markets, adversarial behavior from unintended info leakage is costly and painful.
Luckily, everyone on our team loves math and solving puzzles. So we’ll be working hard on the cryptography to make Shielded Bitcoin a reality.
Huge thanks to the organizers and programming teams @bitcoinconfams @TheBitcoinConf for putting together such a killer conference!
Loved meeting everyone
Some highlights from Misha’s talk 👇View quoted post on X
Come learn about Shielded Bitcoin at Bitcoin Amsterdam @bitcoinconfams this Friday! 3:30p | Main stage
Misha Komarov @nemothenoone, Founder, CEO, and co-author of Shielded Bitcoin & PIPEs, will unpack how fully private transfers can be made possible on Bitcoin L1 without soft forks or trusted operators.
We’ll cover:
- Why privacy matters
- How cryptography fits in
- Zcash-style privacy on Bitcoin L1
📍 Friday, Nov 6 at 3:30 PM
📍 Main stage (Treasury stage)
Come find us around:
• @nemothenoone
• @nevernotrunout
Misha Komarov @nemothenoone, Founder, CEO, and co-author of Shielded Bitcoin & PIPEs, will unpack how fully private transfers can be made possible on Bitcoin L1 without soft forks or trusted operators.
We’ll cover:
- Why privacy matters
- How cryptography fits in
- Zcash-style privacy on Bitcoin L1
📍 Friday, Nov 6 at 3:30 PM
📍 Main stage (Treasury stage)
Come find us around:
• @nemothenoone
• @nevernotrunout
We’re excited about it, too!
Witness encryption is a powerful primitive that’s worth all the effort.
Over a dozen researchers on our team have been working relentlessly on this for a while now. We’re building upon years of existing WE research and leveraging the biggest advancements in ZK proof systems — which, similarly, were once thought impractical before becoming nearly ubiquitous. We believe WE can follow a similar path.
Follow along for our updated scheme and open challenges — attack the scheme and win some BTC bounties. Help us harden it.
Thanks @btcplusplus @niftynei @matthewvuk2 and their team for hosting bitcoin++ Privacy Edition in Seoul, Korea today! Find Markus @mschofnegger there.
Witness encryption is a powerful primitive that’s worth all the effort.
Over a dozen researchers on our team have been working relentlessly on this for a while now. We’re building upon years of existing WE research and leveraging the biggest advancements in ZK proof systems — which, similarly, were once thought impractical before becoming nearly ubiquitous. We believe WE can follow a similar path.
Follow along for our updated scheme and open challenges — attack the scheme and win some BTC bounties. Help us harden it.
Thanks @btcplusplus @niftynei @matthewvuk2 and their team for hosting bitcoin++ Privacy Edition in Seoul, Korea today! Find Markus @mschofnegger there.
This is such an insane result from the @allocinitxyz team! 1TB for their PIPES ciphertexts is 👌
this is a huge improvement over their prior 333TB resultView quoted post on X
Learn all about PIPEs, Shielded Bitcoin, and financial privacy on Bitcoin in this conversation with @_DannyKnowles!
“We’re bringing Zcash-style privacy to Bitcoin without changing Bitcoin itself. No coordinators, no operators it’s all self-custodial.”
@nemothenoone & @ClaraShik join me to talk Shielded Bitcoin, their plan to make Bitcoin private.
We get into:
- How Bitcoin PIPEs & witness encryption work
- Why governments & institutions need privacy
- Building privacy tools after Samourai
Watch it here: youtu.be/r28pDAyge4sView quoted post on X
