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Bitcoin Will Never Have True Privacy, Says Andreas Antonopoulos

According to Antonopoulos, there's a very good chance that the Bitcoin network might never experience complete privacy like Monero.

Tolu Ajiboye by Tolu Ajiboye
July 8, 2020
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Andreas Antonopoulos, the popular Bitcoin, and open blockchain advocate has said that he wished Bitcoin had more privacy. He believes Bitcoin will probably never have true privacy.

Antonopoulos made his opinion public via a Bitcoin Q&A live stream on his YouTube channel. The post was aimed at addressing privacy features, comparing Bitcoin to open-source crypto Monero (XMR). He concluded that Bitcoin will most likely not implement the same privacy features as Monero.

He justified his opinion with two reasons. First, he believes that a similar privacy implementation in Bitcoin would cause a massive controversy for the king coin. Secondly, Bitcoin will be unable to implement stealth addresses because of the way it was built. 

However, the advocate proposed possible network improvement solutions such as those offered by Taproot, Schnorr, or Tapscript. Regardless, he believes it would still not be possible to integrate stealth addresses or ring signatures the way Monero does on its network.

Antonopoulos is not the first person to recommend Taproot, Schnorr, or Tapscript privacy protocols. Many enthusiasts within the crypto community recommend the trio for Bitcoin.

Most notably, Blockstream director of research, Andrew Poelstra, has publicly endorsed Taproot saying it makes all transactions appear the same. An indistinguishable transaction on the network, he believes, makes it difficult for intruders to trace.  

Blockchain explorer, Blockchair, recently introduced a privacy score system to educate users on privacy.

Image Credits: Pixabay

Tags: Andreas AntonopoulosbitcoinBlockstreammoneroSchnorrTaprootTapscript
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