A More Private Way to Stake

A More Private Way to Stake

The Decred community considers privacy to be a fundamental human right.

Protecting the privacy of Decred users has been a core tenet of the project since it’s inception. To quote the Decred constitution:

Privacy and security are priorities and shall be balanced with the complexity of their implementations. Additional privacy and security technology shall be implemented on a continuing and incremental basis, both proactively and on-demand in response to attacks.

In late 2019, Jake Yocom-Piatt revealed a much anticipated privacy solution for Decred - CoinShuffle++ (CSPP). The introduction of CSPP enables users to anonymize their Decred by mixing with the steady stream of ticket transactions which flow through the network as part of …

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Iterating Privacy

Iterating Privacy

Decred’s privacy features and plans are ready to be revealed. The goal of our privacy features is to be simple, adaptable, and creative.

Rather than take the routes established by privacy-focused projects, e.g. ring signatures, zk-SNARKs, or Mimblewimble, we decided to take a mixnet approach, where we have integrated the mixnet with our Proof-of-Stake (“PoS”) governance system. Currently, just over 50% of all decred in circulation participate in PoS, which requires a steady flow of ticket purchases. This existing transaction flow, unique to Decred, functions as the natural basis for a mixnet. Per the approach with Decred’s PoS governance system, this yields a “many birds, one stone” scenario: stakeholders gain anonymity and they …

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