| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107303.2100000000 |
| ETH | $2438.7430000000 |
| BNB | $648.6097000000 |
| XRP | $2.1821580000 |
| ADA | $0.5676813000 |
| SOL | $150.7655000000 |
| DOGE | $N/A |
| DOT | $3.4187100000 |
| LTC | $86.4295000000 |
| LINK | $13.4367200000 |
Category: CRYPTO NEWS
The post Ethereum’s New Privacy Pools Aim to Enhance On-Chain Privacy While Ensuring Compliance appeared on BitcoinEthereumNews.com. The launch of Privacy Pools by a team of cryptographers, including Ethereum veterans, marks a significant advancement in on-chain privacy solutions. This system aims to balance the need for user privacy with stringent regulatory compliance, making it a pivotal development for everyday crypto users. Ameen Soleimani emphasized the importance of these tools, stating, “Privacy for the good guys,” highlighting the utility of these solutions in maintaining financial anonymity. Discover how Privacy Pools are enhancing crypto user privacy and ensuring compliance in a new era of blockchain transparency. Privacy Pools: A New Era of On-Chain Privacy and Compliance On Monday, a groundbreaking tool known as Privacy Pools officially launched on the Ethereum mainnet, developed by 0xbow and a skilled team of cryptographers that includes Ethereum’s own Ameen Soleimani and Zak Cole. This innovative mixing solution utilizes zero-knowledge proofs and an “Association Set Provider” (ASP) to ensure that only clean funds enter the pool, ultimately allowing users to transact privately without compromising their compliance with regulatory standards. Understanding the Technology Behind Privacy Pools Privacy Pools operates on the principles of a mixnet system, which has evolved to meet modern compliance needs. The technology allows for deposits and withdrawals of ERC-20 tokens without revealing transaction details, thereby maintaining user confidentiality. By leveraging zero-knowledge proofs, users can engage in private transactions while ensuring that funds vetted by the ASP do not originate from illicit activities. This model not only enhances user privacy but also acts as a safeguard against the potential infiltration of dirty funds, a concern highlighted by past experiences with mixers like Tornado Cash. The Role of Bankless and Other Funding Partners The successful rollout of Privacy Pools was buoyed by significant funding from partners such as Bankless, Number Group, and Public Works, alongside individual contributors including Ethereum co-founder Vitalik Buterin. This…
2025-04-01T02:36:20+00:00