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The Japanese company introduces a new data protection function for Bitcoin wallets

June 10, 2020

Japanese cryptocurrency company Freessets has announced new technology to improve Bitcoin wallet (BTC) privacy.

According to an announcement on June 8th, Freessets has created a system This allows wallets to request Bitcoin balances from their addresses without disclosing them on the servers from which balances or transaction histories are requested.

The statement states that conventional Bitcoin wallets explicitly ask their servers for the balance of their addresses. This links the account balance, the transactions and addresses. “With the technology developed by Fressets, it has been mathematically proven that servers cannot.” learn nothing from the user query. “

The importance of evolution

The Japanese company introduces a new data protection function for Bitcoin walletsThe Japanese company introduces a new data protection function for Bitcoin wallets

Adam Ficsor, CTO of Wasabi, a Bitcoin wallet that focuses on privacy enhancement, told Cointelegraph Anyone who is enthusiastic about the development has a similar function in their company’s wallet, but believes that implementing freessets requires less bandwidth and is more suitable for mobile devices.

“Any improvement to make data protection more efficient is important and necessary,” he said, but said that there are some drawbacks. Ficsor hopes that the company’s focus will also mean losing transaction history by retrieving existing wallets not happy with Freessets’ decision to develop technologies in a proprietary way.