MimbleWimble Protocol Creator “Voldemort” Produces New Whitepaper on Privacy
“Voldemort” On Crypto Whitepaper
A privacy paper was recently featured in the “Bitcoin Wizards” chat channel. There, a familiar name, “Tom Elvis Jedusor,” who is the French version of Tom Riddle (Voldemort), surfaced.
This is not the first time that this has happened. Two years ago, a protocol that worked to improve two of the most significant blockchain problems – privacy and scalability – was released. The protocol, called MimbleWimble, seems to have been released by a cryptographer under the name of a pseudonym.
Many bitcoin developers agreed that the proposal was a good one and two blockchain projects, Grin and Beam, are using its ambitious mathematical ideas in order to finish working blockchain that puts the protocol’s ideas into practice.
In the paper discussed herein, entitled “Fragmented Transaction Protocol,” the authors promise a second privacy boost that aims to “obfuscate transaction amounts until the moments the coin is spent.” With that, the crypto community is hoping that the author is one who will be able to inspire developers and to focus on privacy in the process.
Thus far, there is some evidence in favor of that finding. The author of this protocol has done the same as the MimbleWimble developer. Andrew Poelstra, a mathematician and developer, who went public with a positive assessment of MimbleWimble, has expressed doubts though as to whether the paper is by the same author. His first reaction was that this protocol “breaks” some of MimbleWimble’s privacy aspects. As a result, it is unlikely that the author is the same.
As he has explained, “This has a very different writing style from the original Tom Jedusor paper, and has very broken incentives obviated by [confidential transactions] (CT). It would have much worse privacy than CT even if it did work.” In the event that Poelstra’s initial reaction is correct, the new protocol’s author may be another developer who is simply looking to garner more attention for his proposal.