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An ECC break will permit deanonymizing amounts in the historical chain.
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< / code > < / pre > < / div > < p > In other words:< / p > < div class = highlight > < pre > < span > < / span > < code > An ECC break means the currency can undetectably be inflated (going forward).
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An ECC break means the ledger' s history can retroactively be deanonymized (goin backward).
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< / code > < / pre > < / div > < p > So we are faced with a choice between those two regardless if we want better privacy. Some people believe the second is worse than the first, and choosing the first actually allows for more efficient technology. This is a choice that Zcash, Monero, Grin, all make. CT with Bulletproofs would do the same.< / p > < p > However, regardless of your own opinion in this matter, Bitcoin's evolution is a large collaborative process, where such fundamental changes need buy-in from large parts of the ecosystem. My fear is that the question of giving up the ability to exactly audit the monetary supply is going to make it hard to make CT acceptable.< / p > < p > Furthermore, there are other challenges. CT makes transactions larger, slower to verify, and poses a very significant engineering challenge to incorporate into Bitcoin without breaking backward compatibility.< / p > < p > ++++< / p > < blockquote > < p > Also, is there any possible system that can have unconditional soundness and privacy at the same time (something other than ECC obviously)?< / p > < / blockquote > < p > No, that's mathematically impossible.< / p > < / article > < / div > < / div > < / main > < footer class = md-footer > < div class = "md-footer-meta md-typeset" > < div class = "md-footer-meta__inner md-grid" > < div class = md-footer-copyright style = "margin: auto;" > < a href = http://bumz4sduzxzlobbgzy5fiufdflg3mo2jyecdwdx5rphrqldms7wlmiid.onion/ > Tor onion version< / a > | < a href = https://qertoip.com/ > contact< / a > | © 2021 MoneroDocs under < a href = https://opensource.org/licenses/MIT > MIT< / a > | built w/ < a href = https://www.mkdocs.org/ > mkdocs< / a > and < a href = https://squidfunk.github.io/mkdocs-material/ > squidfunk/material< / a > < / div > < / div > < / div > < / footer > < / div > < script src = ../../assets/javascripts/vendor.93c04032.min.js > < / script > < script src = ../../assets/javascripts/bundle.83e5331e.min.js > < / script > < script id = __lang type = application/json > { "clipboard.copy" : "Copy to clipboard" , "clipboard.copied" : "Copied to clipboard" , "search.config.lang" : "en" , "search.config.pipeline" : "trimmer, stopWordFilter" , "search.config.separator" : "[\\s\\-]+" , "search.placeholder" : "Search" , "search.result.placeholder" : "Type to start searching" , "search.result.none" : "No matching documents" , "search.result.one" : "1 matching document" , "search.result.other" : "# matching documents" , "search.result.more.one" : "1 more on this page" , "search.result.more.other" : "# more on this page" , "search.result.term.missing" : "Missing" } < / script > < script >
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