Blog by Oleg Fomenko

Private coins extension with verifiable encryption

One of the existing problems of non-SNARK confidential assets protocols based on Pedersen commitments is to disability for coins receiver to decrypt an amount in the received payment. To achieve private decommitment, sender has to share the amount in a secure way with the receiver that often is not a part of a protocol. I’ve made some research and described the option to use private payments in a couple with verifiable encryption, that allows sender to share amount securely with receiver and convince the receiver that this amount corresponds to the committed one.

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