25 Oct '13, 8am

Zerocoin Hero Matthew Green via @IEEESpectrum #bitcoin (includes new profile pic for @matthew_d_gree…

, a computer scientist at the Johns Hopkins Information Security Institute, in Baltimore, wants to make Bitcoin truly anonymous. He’s one of the developers behind Zerocoin , a proposed extension to the Bitcoin protocol that would provide true anonymity. Essentially, Zerocoin works like a money laundering pool. If the protocol is implemented, anyone with a bitcoin could spend it to create a temporary new currency called a zerocoin, the existence of which is recorded alongside bitcoins on the block chain. The bitcoins spent on these zerocoins are deposited into an escrow pool, and users can come back at any time, turn in their zerocoins, and redeem them for bitcoins. But the bitcoins they get out are not the same ones they put in.

Full article: http://spectrum.ieee.org/computing/networks/whos-who-in-b...

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