The Ethereum Foundation has launched a road map to provide privacy characteristics from end to end to the Ethereum Network, a Layer-1 smart contract block chain (L1), and renounced its initiative for “privacy and scale explorations” for “Stetereum of privacy privacy” (PSE).
PSE said it aims to bring privacy solutions to the protocol, infrastructure, networks, application and wallet layers in Friday’s announcement, and established several key objectives for the next 3-6 months.
These included enabling private transfers through the development of the network 2 of plasma, confidential vote and privacy in decentralized finance applications (DEFI).
The road map also proposed to explore a solution for personal data to be transmitted through remote procedure call services (RPC) and private identity solutions through zero knowledge tests (ZK), a way to verify information without revealing the specific content of that information. Pse described his mission:
“Ethereum deserves to become a central infrastructure for global digital trade, identity, collaboration and the internet of value. But this potential is impossible without private data, transactions and identity. We assume responsibility within the Ethereum Foundation to guarantee privacy objectives in the application layer.
“We will work with protocol equipment to ensure that L1 changes are needed to allow solid and uncensored privacy without intermediary,” the announcement continued.
Privacy has always been the nucleus of the Cypherpunk spirit that generated cryptocurrencies, already measure that cryptography gains generalized adoption and the attention of governments, the cryptographic community is increasingly concerned with evolving the methods of digital financial surveillance.
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The United States government proposes government identity controls to define
The US government officials are currently weighing the regulations for the cryptographic industry and markets, which include possible surveillance measures to trace the activity of the participants.
The United States Department of the Treasury, headed by Secretary Scott Besent, is exploring proposals to add government identity controls to intelligent contracts, which has caused a violent reaction from the cryptographic community.
The co -founder of Ethereum, Vitalik Butein, has repeatedly said that privacy is an essential human right. In April, Bugerin warned that transparency is more an error, instead of a characteristic, in the digital age.
Buterin said that privacy was needed to protect people at a time of state growth and large centralized corporations.
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