TumbleBit is a new anonymous payments protocol that is fully compatible with today’s Bitcoin protocol. TumbleBit allows parties to make payments through an untrusted Tumbler. No-one, not even the Tumbler, can tell which payer paid which payee during a TumbleBit epoch. TumbleBit consists of two interleaved fair-exchange protocols that prevent theft of bitcoins by cheating users or a malicious Tumbler. TumbleBit combines fast cryptographic computations (performed off the blockchain) with standard bitcoin scripting functionalities (on the blockchain) that realize smart contracts.
- https://eprint.iacr.org/2016/575 - The paper
- https://github.com/BUSEC/TumbleBit - Implementation
- https://www.youtube.com/watch?v=8BLWUUPfh2Q&t=3787 - Talk at ScalingBitcoin 2016
- https://diyhpl.us/wiki/transcripts/scalingbitcoin/milan/tumblebit/ - Transcript of talk