The Ethereum co -founder of Ethereum participated in writing a paper entitled “Blockchain’s privacy and organizational compliance: towards a practical balance”, presented the concept of privacy gatherings. This protocol aims to enhance privacy on Blockchain networks while ensuring organizational compliance.
Privacy Groups: Balance of Non -Determination of its identity and compliance
According to the paper, the Privacy Pools Protocol allows users to publish zero knowledge, which indicates that their money does not arise from illegal sources known without revealing the history of their entire transactions. This is achieved by proving membership in the groups of associated associations that are in line with some of the required characteristics under the organization or social consensus.
Railgun implementation for privacy complexes
RAILGUN is an ETHEREUM private protocol that included a privacy collection mechanism to maintain the user’s privacy while preventing the abuse of the platform for illegal activities.
The system allows users to deposit their money in a private collection. Then there is an algorithm examination that evaluates the legitimacy of deposits. If the deposit passes by the examination, the user can withdraw the amount using zero knowledge guides an hour later.
If the deposit fails, the box will be converted to the original address.
Support vitalik buterin for railgun
Vitalik supported Railgun’s implementation of privacy complexes, noting that it makes it difficult for bad actors to join the assembly without prejudice to the user’s privacy.
Burin’s participation in this process indicates the importance of developing solutions that take care of privacy and security in the field of advanced decentralized financing.
The market interacts
The Crypto community is enthusiastic and welcomed by privacy gatherings as a “major step forward” in the budget of privacy and organization. While he praised his capabilities, one of the users on X raised important questions about decentralization, liquidating censorship standards and resistance.
Also read: ETHEREUM Corporation $ 165 million in ETH to boost DEFI space
