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A new Feature of privacy announced by Japanese crypto company, Fressets

 
A new Feature of privacy announced by Japanese crypto company, Fressets
Breaking News / Wallets / Crypto Market
  • Fressets, the Japanese cryptocurrency company has recently announced a new technology that will help enhance bitcoin wallet privacy. 
  • According to an announcement made earlier this week, the company has created a system that will allow wallets to request the addresses bitcoin balance without revealing it to the server.

Fressets, the Japanese cryptocurrency company has recently announced a new technology that will help enhance bitcoin wallet privacy. According to an announcement made earlier this week on the 8th of June, the company has created a system that will allow wallets to request the addresses bitcoin balance without revealing it to the server. Essentially this will keep everything private

The statement in the announcement said that the conventional bitcoin wallets specifically ask servers for the balance of the addresses. However, as it states, “using the technology Fressets has developed, it is mathematically proven that the servers cannot learn anything from the user’s query.”

The chief executive officer of the company, Masahiko Hyuga has said the following:

“As a leading cryptocurrency technology company, Fressets promises to keep developing proprietary products that maintain security and privacy. By commercializing this technology, we guarantee high privacy and security for enterprise clients.”

Wasabi, the well-known bitcoin wallet recently had its Chief technical Officer, Adam Ficsor say that he is very enthusiastic about the development. The wallet has a similar feature but he believes that the integration from the Japanese based company will require less bandwidth and will be more suitable for smart phones.

For more news on this and other crypto updates, keep it with CryptoDaily!

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