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Can This Bring Zcash-Style Privacy to Bitcoin Without a Fork?

In this episode of Unchained Premium, Misha Komarov, founder of [alloc] init and co-founder of =nil; Foundation, joined Laura to talk about shielded Bitcoin, a way to bring Zcash-style privacy to Bitcoin using a cryptographic primitive his team calls Bitcoin PIPEs. The conversation covers how witness encryption turns zero-knowledge proof ...

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Clara Shikhelman, Misha Komarov and Aleksei Moskvin, researchers at [[alloc] init] today released a protocol called "Shielded Bitcoin" allowing to conduct confidential transactions without altering Bitcoin's consensus. The system is inspired by the operation of Zcash's protected transactions. The principle is to replace the public representation of UTXO with "notes" (a [...] The article Shielded Bitcoin: a proposal for private transactions on Bi…

A paper signed by Clara Shikhelman, Mikhail Komarov and Aleksei Moskvin presents Shielded Bitcoin, a protocol that seeks to allow private transfers of BTC directly over Bitcoin L1, without changing the rules of consensus. The proposal uses encrypted notes, public nullifiers, zero knowledge tests and deterministic reconstruction of the state outside the chain, although it keeps several metadata of publication exposed and leaves the input and outp…

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Bitcoin Magazine broke the news on Thursday, September 24, 2026.
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