A main critique of shielded bitcoin: "it's not L1"
and I actually agree!
it's much more akin to lightning / liquid with a peg in and out
That criticism is very valid, it's still a massive unlock for bitcoin privacy, a step in the right direction.
Lightning for scaling,
Shielded for privacy,
All anchored on the most decentralized & secure money on the planet, doesn't sound too bad does it?
Shielded bitcoin transaction on mainnet!
Article live on the Bitsaga website
Proof of concept repo live on Github
Links in comment 👇