More anonymous XRP transactions
Bougalis writes that the proposal is intended to prevent the address and the tag of a transaction from being correlated in order to track further transactions. The developer also states that the change will not significantly affect the scalability of the ledger.This proposal aims to be secure, minimal, and performant; ideally, it should be possible to implement tag blinding as a single function call that does not noticeably increase the time necessary to assemble a transaction. Similarly, using a blinded tag should not make it significantly harder for the intended recipient to process a transaction.
Nik Bougalis, senior software engineer at Ripple Labs, has worked with his C++ development team to create a feature that allows source and target tags to be cryptographically encrypted.The XRP Ledger uses these tags to allow a single account to hold funds for multiple users. These wallets are called “hosted wallets” and are used by stock exchanges, for example. When sending a transaction from a hosted wallet, the source tag is used to identify which user initiated the transaction.
Author : Jake Simmons