Ripple Engineers Publish Design for Private Transactions on XRP Ledger

In a GitHub submission earlier this week, Ripple engineer Nik Bougalis said he and a group of other Ripple developers had designed a new private payment system for the XRP ledger to protect exchange users from malicious third parties. Bougalis, who is responsible for XRP's server software, said a system of "blinded tags" would make private transactions possible on the ledger.

Using blinded tags not only protects users' identity, but it also acts as an effective "workaround" for preserving the number of destination and source tags available to exchanges, Bougalis added. As blinded tags leverage an existing tag infrastructure on exchanges, it's uncertain whether users sending XRP between standalone wallets would be able to do so privately.

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