It has been a while since we last saw an update for the Breeze Wallet. As most people know by now, this project will introduce privacy for Bitcoin in the near future. It appears some significant progress has been made in that regard. TumbleBit has now been integrated into the wallet, which is a massive step in the right direction. It will be interesting to see how the Breeze Wallet affects Bitcoin usage as a whole. This is a feature a lot of people have been waiting patiently for.
Breeze Wallet Reaches New Development Milestone
Many Bitcoin users have been asking for more privacy-oriented solutions for the popular cryptocurrency. Currently, Bitcoin has no privacy and anonymity features. That is both a good and a bad thing. Some people would prefer to hide their conduct linked to transactions made with Bitcoin, despite its blockchain allowing anyone to track transactions in real time. Coming up with a solution to this problem has not been all that easy.
The Stratis team feels it is on the right track to make big progress in this regard. They announced their Breeze Wallet project quite some time ago. This wallet is designed to bring more privacy to Bitcoin users. It will be challenging to pull off, yet a lot of progress has already been made. The latest development update comes in the form of successfully integrating TumbleBit features into this wallet.
Integration of TumbleBit is an important part of the Breeze Privacy protocol. It introduces coin mixing services to a traditionally-styled Bitcoin wallet, which will yield some interesting results in the future. Achieving true privacy when using Bitcoin will not be easy, but the TumbleBit integration is a significant step in the right direction.
According to the Stratis team, the Breeze Privacy Protocol will provide a safe way to successfully anonymize cryptocurrency transactions. Although other altcoins exist which focus on this feature, Stratis thinks it can make a big impact on Bitcoin over the coming months. It is good to see more competition in the privacy and anonymity department. This also means the upcoming Breeze Wallet will be fully capable of providing enhanced privacy to Bitcoin transactions.
This service will be provided to so-called Breeze Servers, which are essentially dedicated masternodes. Every such masternode requires a balance of 250,000 STRAT to be set up and yields users with a passive income stream related to the transactions processed by their servers. All servers registered on the network use trustless registration mechanisms to prevent censorship and manipulation. This represents a very intriguing turn of events for Bitcoin and other cryptocurrencies, assuming the project is successful.
This new wallet solution is not just designed for regular users. It can also be used by enterprises who do not want to disclose their customer information over the Bitcoin network. Whether or not any businesses will use the Breeze Wallet for this specific purpose remains to be seen. However, a lot of people are looking forward to seeing the Breeze Wallet released in the not-too-distant future. There is no alpha release date set just yet, but it is expected in the near future.