Vitalik Buterin recently shared a new idea to enhance user privacy in Ethereum, without making any major changes.
A Apr.11 post The Ethereum (ETHButerin’s post stresses the need to integrate privacy tools, like Railgun and Privacy-X. Buterin stresses in his post the need for privacy tools such as Railgun to be integrated. privacy poolsYou can also add money to your wallet.
In lieu of creating separate apps for privacy, it is hoped that users will be able to send and receive money without having to worry about their security. Users could send private transactions by default and wallets can include shielded accounts.
In order to support this goal, the roadmap also calls on users to adopt EIP-7001 and FOCIL. These two upgrades make it easy to implement privacy protocols like TornadoCash and Railgun.
A second part of the plan focuses on privacy from the UX perspective, encouraging users use separate wallet addresses for each app that they interact with. The outside world would find it more difficult to track someone across multiple platforms.
This proposal focuses on improving the privacy of apps that connect to Ethereum. In the short term, trusted execution environments may help to protect user data. Buterin recommends switching in the future to private data retrieval. This is a safer solution, but not one that can be used yet.
Buterin’s proposal is easier to accept because it doesn’t involve any modifications to Ethereum’s core layer. These changes could slow down adoption because they would compromise user experience.
The proposal is made at a moment when the market for Ethereum has been booming. performance Under pressure On April. According to crypto.news, Ethereum’s price is currently around $1,547. This represents a decline of 20% in the last two weeks. price tracker. The crypto closed the first quarter 45% lower. Santiment data shows that it’s also fallen 77% in value against Bitcoin from December 2021.
Santiment analyst noted The new updates make it more difficult for investors to follow the roadmap of the project. Ethereum’s performance has been slowed down due to the frequent changes, and confused messaging.
He also highlighted the growth of the influx competition Ethereum’s price is falling due to the introduction of newer and simpler blockchains.
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Source: crypto.news
