Sunday, February 2, 2014

Zerocoin - untraceable alternative to Bitcoin

Hopkins researchers are creating an alternative to Bitcoin

Inside a drab computer lab at the Johns Hopkins University, a team of researchers is trying to build something that has never existed before: a digital currency that changes hands completely in secret. Its name is Zerocoin.

The untraceable currency is designed to compete with other virtual moneys such as Bitcoin, which are drawing attention as alternatives for businesses and individuals — and drawing criticism from some who believe they enable money laundering and other criminal activity.