Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Tornado Cash is a decentralized protocol designed for those looking to transact privately on the Ethereum blockchain. This protocol helps solve the privacy problem on Ethereum because whenever you buy or sell on that blockchain, your transactions are public. It's not like the blockchain will publicly post your name, but your address will be. For that reason, Ethereum is considered pseudonymous. However, if an observer can connect you to a wallet address, they can track you with research tools like Etherscan.
That means they could track things like the source of your funds, your balances, and your payments. In short, they could analyze your on-chain activity, including your entire transaction history. That's because transparency is the default position of Ethereum.
So, this is why Tornado Cash has introduced private transactions. They exist to serve those who want anonymity and complete privacy. Therefore, if you're one of those people who doesn't like others snooping on your...
For as long back as one can remember, the cryptocurrency community has been demanding for privacy coins. Coins that promised true anonymity, instead of pseudonymity, aka, false privacy as offered by Bitcoin. So, in this article, we are going to look up some of the top privacy coins in the world. Are the usual suspects still leading the privacy coins 2020 list, or do we have some surprising names in the mix? Let’s check it out.
There are two reasons why privacy coins are highly desirable:
As mentioned before, the privacy afforded by “normal” coins such as Bitcoin and Ethereum isn’t absolute. To illustrate this point, consider the following example. We went to a blockchain scanner and picked up a random public address “bc1qq3fc75ppp5kq2qpe29wyl0708hzxxu34xk5836.”
Now, when you click on the address, you get this:
As you can see in the diagram, we have a list...
Many have speculated that 2020 will be the year that Privacy Coins take the crypto markets by storm. Whether due to stricter KYC requirements, political censorship, or physical safety, the need for a blockchain privacy solution has never been more urgent.
There are now dozens of Privacy Coins worth millions in total market cap. What makes them unique? You could spend months studying the different governance structures, scalability features, development funding approaches - the list goes on. Luckily, there are only a handful of different technical approaches to mixing or hiding your data on a blockchain.
In this article, we’ll look at the ten most important privacy coins and protocols today. Moreover, we also dive into the various technologies that make them private.
This article is going to talk a lot about anonymity set. If Alice sends Bitcoin to Bob and uses a mixer, the anonymity set is the number of equally likely receivers of the...