One Of Ethereum Challenges Is Privacy And Vitalik Buterin Speaks On Ways In Which A Solution Can Be Implemented Quickly
Some couple of post ago, I wrote about the etherum proposal and what it means so I came across a blog post which the ethereum creator and co-developer as he speaks on some issues that effects the smart contract network. It happens that privacy is one of the challenges which is regard the as a major concern to the ecosystem, he also speaks on how the issue can be resolved.
By default, anything that goes onto a public blockchain is public. Increasingly, this means not just money and financial transactions, but also ENS (Ethereum Name Service) names, POAPs (Proof of Attendance Protocols), NFTs, soulbound tokens, and much more. In practice, using the entire suite of Ethereum applications involves making a significant portion of your life public for anyone to see and analyze.
Improving this state of affairs is an important problem, and this is widely recognized. So far, however, discussions on improving privacy have largely centered around one specific use case: privacy-preserving transfers (and usually self-transfers) of ETH and mainstream ERC20 tokens.
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