Bitcoin transactions will ‘not be private even with Schnorr encryption’

Bitcoin has successfully completed a decade of inception, and has entered a new one with one of the most important events lined up – the halving. While the entire community is already looking forward for this event, there are some who have already started paying heed to the next big change that would unfold in Bitcoin – privacy.

Now, the importance of privacy in Bitcoin’s base layer is no new topic, however, the debate it sparks has become the hot topic discussed in the crypto-market. The latest news in the Bitcoin-privacy column is the advancements of Schnorr/Taproot, with Blockstream developer – Pieter Wuille – announcing that the final proposal has been published. He stated,

“That means that these documents are our final proposal for integrating Schnorr and Taproot into Bitcoin. Whether it gets accepted by the ecosystem, and how, is up to you.

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