VerifiedX brings privacy layer to Bitcoin as institutional demand for confidentiality grows

What Happened

VerifiedX unveiled Prism, a privacy layer for Bitcoin enabling encrypted balances and shielded addresses while maintaining auditability. Users can transact privately and selectively disclose information to regulators. The XRP Ledger similarly introduced zero-knowledge proof capabilities this week. Institutions avoid public blockchains due to transparency concerns. Bitcoin improvements in privacy could influence the entire cryptocurrency sector.

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