Bitcoin Cash will behave as Monero coin : Update In Wallet
The Bitcoin Cash developer team enhanced the privacy of Bitcoin Cash’s popular wallet. After this new update Bitcoin Cash wallet will work like Monero coin.
Nowadays privacy has become a mainstream agenda for the companies to provide in their services. As we know blockchain technology based transactions are visible and transparent in public data. Blockchain only provides security to the transactions & the fund that use owns on the network. But Monero provides high level security so that no one can trace the transactions, Now Bitcoin Cash is going to attain property like Monero’s transactions.
Read also: Monero developers found a bug in Moreno coin’s privacy
As all of us know very well about Electron Cash, which is a wallet popularly known for Bitcoin Cash. Now the developers did small blockchain engineering in the wallet, that will enhance the privacy of the wallet.
New update in the Electron Cash wallet will enable users to become anonymous under public transactions. Users will be able to re-use the addresses to receive transactions. The new update will detach the transaction details every time, so no one will be able to trace the transactions & related details just like Monero.
Reusable address system will give privacy through the use of Paycode. Paycode is totally a different type of address in comparison with public address. It doesn’t allow anyone to see in the user’s wallet or related fund transactions of past.
This will surely bring a new feature for the Bitcoin cash users. But right now it is under testing. Developers are ready with the development and probably they will soon give an update on the wallet.
Read also: Singaporeans are Bullish on Ethereum than Bitcoin : Survey
