philip lelyveld The world of entertainment technology

China says its digital currency will have “controllable anonymity”—but who will control it?

Blockchains by themselves, even the most decentralized ones (China’s will presumably be controlled by the government), are not anonymous. Generally, they generate a permanent record of every transaction, including information about the sender, recipient, and amount. Some cryptocurrencies, like Zcash and Monero, have employed cutting-edge cryptographic approaches to hide transaction-related information. One thing is for sure: financial policy makers across the world are eager to learn exactly what China has up its sleeve.

See the full story here: https://www.technologyreview.com/f/614711/china-says-its-digital-currency-will-have-controllable-anonymitybut-who-will-control-it/?utm_source=newsletters&utm_medium=email&utm_campaign=the_download.unpaid.engagement