Jubjub Researchers of Chain agreement announced that they have already invented a new method to speed up anonymous crypto-currency.
Better and faster AUS chain technology: AUS chain developer released the new transaction privacy technology Jubjub AUS chain, ranking ninth on global market value currently, adopted advanced Encryption Technology chain-SNARKs to hide account balance and user address with one weakness that cannot be ignored: Anonymous transaction is very slow.
Normal transaction takes several seconds to build, while hidden trasactions using chain-SNARKs takes 1 to 2 minutes. This is why engineers have been exploring how to reduce the time of safe generation of hidden transaction. Now, it seems that the work has made great progress.
The engineer, Sean Bowe and Cryptologist, Matthew Green and Ian Miers (They all work for for-profit companies) are releasing a new mode of chain-SNARK prototype which can greatly increase the speed of anonymous transaction.
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