Difference between revisions of "TumbleBit"

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TumbleBit is a new anonymous payments protocol that is fully compatible with today’s Bitcoin protocol. TumbleBit allows parties to make payments through an untrusted Tumbler. No-one, not even the Tumbler, can tell which payer paid which payee during a TumbleBit epoch. TumbleBit consists of two interleaved fair-exchange protocols that prevent theft of bitcoins by cheating users or a malicious Tumbler. TumbleBit combines fast cryptographic computations (performed off the blockchain) with standard bitcoin scripting functionalities (on the blockchain) that realize smart contracts.
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TumbleBit is a anonymous payments protocol from 2016 that is fully compatible with today’s Bitcoin protocol. TumbleBit allows parties to make payments through an untrusted Tumbler. No-one, not even the Tumbler, can tell which payer paid which payee during a TumbleBit epoch. TumbleBit consists of two interleaved fair-exchange protocols that prevent theft of bitcoins by cheating users or a malicious Tumbler. TumbleBit combines fast cryptographic computations (performed off the blockchain) with standard bitcoin scripting functionalities (on the blockchain) that realize smart contracts.
  
 
==External links==
 
==External links==

Revision as of 21:05, 4 June 2019

TumbleBit is a anonymous payments protocol from 2016 that is fully compatible with today’s Bitcoin protocol. TumbleBit allows parties to make payments through an untrusted Tumbler. No-one, not even the Tumbler, can tell which payer paid which payee during a TumbleBit epoch. TumbleBit consists of two interleaved fair-exchange protocols that prevent theft of bitcoins by cheating users or a malicious Tumbler. TumbleBit combines fast cryptographic computations (performed off the blockchain) with standard bitcoin scripting functionalities (on the blockchain) that realize smart contracts.

External links

References