Are there any implementation of confidential token on Algorand. I remember there was some kind of protocol update to bring confidentiality, is there any paper around that? Thanks, looking for something like this - Protocol Overview | Solana Program Library Docs

I think it would be good to add a confidential feature to any transaction, where either the source, destination wallets or the transaction amount - or all three - are concealed unless both parties agree to reveal the details to an inquiry. Is that something that could be done with a smart contract s…

On algorand everything must be public. All transactions assets and amounts are the info that goes to the hash of the block and must be public. You can encrypt the data using EC and store this data to the blockchain, but long term security of storage on blockchain is breakable… (Imagine timeframe 10…

Right now everything is indeed public. BLS op-codes are proposed in the PR: AVM: EC math by jannotti · Pull Request #4924 · algorand/go-algorand · GitHub They may be used to implement SNARK verification, which in turn may allow to implement confidential transactions.

no, it is not generic. monero has everything hidden … you cannot even track who sent you the assets… thats why it is used by money launderers and drug dealers… hopefully there will not be bridge to algorand you may encrypt data and put it on algorand as well even now… as the sample arc34 implementa…

[image] scholtz: thats why it is used by money launderers and drug dealers… hopefully there will not be bridge to algorand The narrative that if you don’t show the transaction graph, you must be a terrorist is dangerous and needs to be addressed. This is being used to promote CBDCs in an atte…

Totally agree. Privacy is the most important thing to safeguard. M.

I prefer open system. Bitcoin is also open and works well. Privacy might be ensured by account generation where you do not tell anybody that it is your account. I would like to have this semi privacy much more than scams, drug dealers, thieves and terrorists using the same protocol.

Bitcoin is a speculative asset at the moment. Most users don’t buy anything with it. In a transparent system, as soon as you transact with someone, they’ll see your balance and know you have your private key with you when you signed. As a consequence, it’s quite possible that such a transparent syst…

Confidential Token on Algorand

Pheebee March 9, 2023, 7:08am 5

A core tenet and advantage of blockchain tech is that every tx is public and immutable – is it not?

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Confidential Token on Algorand

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