Extension anonymizes bitcoin transactions

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Bitcoin, the digital currency sent via direct transactions without the need for banks, continues to grow on global exchange markets. However, security issues have always been a concern, with naked digital addresses making it possible to trace user transactions. A new cryptocurrency extension Zerocash is aiming to completely anonymize online currency transactions. Developed by cryptographers at John Hopkins, MIT and Tel Aviv University, Zerocash (previously known as Zerocoin) was developed as an extension of the existing Bitcoin code, to bring privacy in the same manner HTTPS websites provide secure connections. Bitcoin transactions are publicly available and users' IPs can be…

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