Stacks Co-Founder Describes Possible Bitcoin Privacy Approach

Stacks co-founder Muneeb Ali described a possible way to add confidential transactions above Bitcoin’s (BTC) base layer while keeping the network’s total supply publicly auditable, as he discussed Stacks’ development plans.

Ali said privacy should not be built directly into Bitcoin’s base layer because its supply needs to remain auditable. He described confidential transactions running instead on an execution layer above Bitcoin, where transaction details could be hidden while the total supply remained open to public checks.

Stacks is a Bitcoin-based network intended to add programmability to BTC and make it faster and less costly to use. Ali also named quantum resistance and applications that generate yield from BTC as other development areas.

A separate proposal for a shielded Bitcoin privacy layer would use its own transaction format and indexing process while leaving Bitcoin’s consensus rules unchanged.