Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

$ 36 is in the cards as a period of 3 months becomes bullish?

2025-05-14

Solana Wallets cross 11 million – A catalyst for Sol’s Run to $ 270?

2025-05-14

Pundit reveals when everything has to sell

2025-05-14
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    SyntternNet Partners with Hive Intelligence to transfer AI agents to the chains in 60+ block chains

    2025-05-14

    Co-founder of Solana Anatoly proposes a Metablokchain concept

    2025-05-14

    Layer-2 Blockchain explosion ends safe integration on the risks of third parties risks

    2025-05-14

    Codexfield bundles forces with LoveBit to stimulate ESG Innovation in Web3 & Crypto

    2025-05-14

    SFT protocol joins Glacier Labs to bridge physical and data infrastructure

    2025-05-14
  • NFT

    AI Sports Betting Agent wants to disrupt the Tipster industry using Crypto

    2025-05-14

    Bidding starts at Ross Ulbricht’s pre-judgment and prison thinking of the fact that he is starting a new chapter

    2025-05-14

    Why this Facebook group places the news on NFTS

    2025-05-13

    Mey Network launches real estate NFTs to invest real estate in the chain

    2025-05-13

    Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

    2025-05-13
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    $ 36 is in the cards as a period of 3 months becomes bullish?

    2025-05-14

    Low Cap Nasdaq-Gentered Company reveals $ 300,000,000 fundraising plan to acquire crypto, including the Trump token of the president: report

    2025-05-14

    Why $ 2.69 contains the key

    2025-05-14

    According to analyst Jason Pizzino, it will be time to be careful to carefully turn to cryptomarkets

    2025-05-14

    Dogecoin (Doge) is higher for the next leg – will the resistance plan break?

    2025-05-14
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Do you want privacy? Do not use Blockchain yet
Blockchain

Do you want privacy? Do not use Blockchain yet

2023-05-29No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Blockchain


A blockchain is just a ledger.

My bank also maintains a ledger of account balances and transactions.

However, unlike the Bitcoin and Ethereum blockchains, my view of that bank ledger is limited only to information pertaining to me. When I check my bank accounts, all I see is my balance, not how much money my neighbor has in this bank, or my boss’s savings account, or the balance of a random stranger. With today’s non-crypto financial system, there is an implied level of privacy implied.

But this is different from how today’s public blockchains work.

As innovative as Blockchain’s concept of “programmable money” is, it is arguably the most invasive technology we’ve ever created from a user privacy standpoint.

We’re definitely early

These are still early days in blockchain, which often invites comparisons to the early eras of the internet.

The early web was completely useless for transactions because there was no end-to-end encryption to protect consumers’ payment information as it passed between HTTP servers. This made it vulnerable to “man-in-the-middle” attacks where a prowling hacker could easily steal anyone’s credit card information.

Netscape, the first web browser, played a vital role in solving that problem by creating the Secure Sockets Layer (SSL) protocol, which encrypts traffic between parties over the Web.

Today, almost every website uses these encryption protocols by default, as do many popular messaging services.

Crypto has come a long way since the cypherpunk days of Bitcoin, and an even longer way since the days when sending transactions over the early web left you vulnerable to credit card fraud.

See also  artisanal ballet flats, AI and blockchain.

But are we satisfied with the mostly speculative use cases that dominate Web3 today? Or do we believe that Web3 can change not only the financial world, but also the way we interact online?

If we accept the premise that blockchain is a privacy-invasive technology at its core, then it is clear that in order to become truly useful, blockchain needs an equivalent of the SSL innovation that brought Web2 out of its essentially unusable era of lack of achieved privacy.

Zero-knowledge cryptography, and the protocols that integrate it, is the best chance this industry has of having a scalable, secure, and compliant infrastructure.

By functionally encrypting the blockchain ledgers and enabling users to prove facts about their data using zero-knowledge proofs, we can protect sensitive user data while ensuring regulatory compliance.

Zero-knowledge proofs open up a whole new design space and exponentially increase the available market of blockchain-related products. By integrating this technology, next-generation blockchains can provide users with the privacy they are accustomed to and often legally entitled to, while improving regulatory compliance.

These are the “use cases” that blockchain skeptics have long been calling for.


Alex Pruden is the Chief Executive Officer at Aleo, where his areas of responsibility include outreach, operations and strategy. Prior to joining Aleo, Alex was an investment partner on the Andreessen Horowitz team, specializing in cryptocurrencies, decentralized protocols, and blockchain technology. Alex also served 9 years in the US Army as an infantry and special forces officer and developed an interest in blockchain and cryptocurrency due to his work with Syrian refugees in 2015-2016. He received a bachelor’s degree from the United States Military Academy at West Point and an MBA from Stanford University.

See also  Blockchain and humanitarian aid

Source link

Blockchain privacy
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Former leader for CFTC chair role resigns to Leiden Blockchain Association

2025-05-14

SyntternNet Partners with Hive Intelligence to transfer AI agents to the chains in 60+ block chains

2025-05-14

Co-founder of Solana Anatoly proposes a Metablokchain concept

2025-05-14

Layer-2 Blockchain explosion ends safe integration on the risks of third parties risks

2025-05-14
Add A Comment
Leave A Reply Cancel Reply

Top Posts

According to analyst Benjamin Cowen, Solana holders could experience the same pain as Ethereum Bulls – here’s why

2024-12-16

A new era for secure NFT transfers

2024-10-19

An gateway to long -term success

2025-02-12
Editors Picks

Decentraland’s Metaverse Fashion Week is back for 2023!

2023-07-02

FTX used hodgepodge of apps to manage billions of dollars in assets, including crypto: new lawsuit

2023-04-28

Blockchain should seize GenAI’s ‘Trough of Disillusionment’ moment

2024-09-17

Coinbase Alums Patchwork take the next step towards no-code blockchain development

2024-12-20
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

$ 36 is in the cards as a period of 3 months becomes bullish?

Solana Wallets cross 11 million – A catalyst for Sol’s Run to $ 270?

Pundit reveals when everything has to sell

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,470.31-0.82%
  • ethereumEthereum(ETH)$2,597.10-3.87%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.55-0.68%
  • binancecoinBNB(BNB)$651.44-2.07%
  • solanaSolana(SOL)$176.08-3.67%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.232547-2.87%
  • cardanoCardano(ADA)$0.80-4.06%
  • tronTRON(TRX)$0.2768652.13%
  • suiSui(SUI)$3.92-3.51%
  • chainlinkChainlink(LINK)$16.95-3.89%
  • avalanche-2Avalanche(AVAX)$24.95-3.51%
  • stellarStellar(XLM)$0.304222-3.46%
  • shiba-inuShiba Inu(SHIB)$0.000016-3.81%
  • hedera-hashgraphHedera(HBAR)$0.206932-4.62%
  • hyperliquidHyperliquid(HYPE)$25.02-3.32%
  • unus-sed-leoUNUS SED LEO(LEO)$8.892.24%
  • the-open-networkToncoin(TON)$3.24-5.05%
  • bitcoin-cashBitcoin Cash(BCH)$402.41-2.49%
  • polkadotPolkadot(DOT)$4.99-4.09%
  • litecoinLitecoin(LTC)$101.08-2.80%
  • piPi(PI)$0.93-26.36%
  • moneroMonero(XMR)$338.30-0.65%
  • pepePepe(PEPE)$0.000014-5.06%
  • bitget-tokenBitget Token(BGB)$4.75-2.10%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.59-7.88%
  • bittensorBittensor(TAO)$454.35-2.57%
  • nearNEAR Protocol(NEAR)$3.05-6.17%
  • aptosAptos(APT)$5.74-7.67%
  • aaveAave(AAVE)$229.70-3.27%
  • okbOKB(OKB)$54.10-0.50%
  • ondo-financeOndo(ONDO)$1.01-4.29%
  • kaspaKaspa(KAS)$0.119654-3.89%
  • ethereum-classicEthereum Classic(ETC)$19.84-5.38%
  • internet-computerInternet Computer(ICP)$5.64-5.66%
  • crypto-com-chainCronos(CRO)$0.101743-1.87%
  • gatechain-tokenGateToken(GT)$21.72-1.00%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.28-3.14%
  • render-tokenRender(RENDER)$5.12-4.35%
  • mantleMantle(MNT)$0.78-4.20%
  • vechainVeChain(VET)$0.030352-5.33%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250063-3.67%
  • ethenaEthena(ENA)$0.407481-9.38%
  • usd1World Liberty Financial USD(USD1)$1.00-0.12%
  • algorandAlgorand(ALGO)$0.237616-4.24%
  • filecoinFilecoin(FIL)$3.06-6.14%
  • arbitrumArbitrum(ARB)$0.426258-7.10%
  • bitcoinBitcoin(BTC)$103,470.31-0.82%
  • ethereumEthereum(ETH)$2,597.10-3.87%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.55-0.68%
  • binancecoinBNB(BNB)$651.44-2.07%
  • solanaSolana(SOL)$176.08-3.67%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.232547-2.87%
  • cardanoCardano(ADA)$0.80-4.06%
  • tronTRON(TRX)$0.2768652.13%
  • suiSui(SUI)$3.92-3.51%
  • chainlinkChainlink(LINK)$16.95-3.89%
  • avalanche-2Avalanche(AVAX)$24.95-3.51%
  • stellarStellar(XLM)$0.304222-3.46%
  • shiba-inuShiba Inu(SHIB)$0.000016-3.81%
  • hedera-hashgraphHedera(HBAR)$0.206932-4.62%
  • hyperliquidHyperliquid(HYPE)$25.02-3.32%
  • unus-sed-leoUNUS SED LEO(LEO)$8.892.24%
  • the-open-networkToncoin(TON)$3.24-5.05%
  • bitcoin-cashBitcoin Cash(BCH)$402.41-2.49%
  • polkadotPolkadot(DOT)$4.99-4.09%
  • litecoinLitecoin(LTC)$101.08-2.80%
  • piPi(PI)$0.93-26.36%
  • moneroMonero(XMR)$338.30-0.65%
  • pepePepe(PEPE)$0.000014-5.06%
  • bitget-tokenBitget Token(BGB)$4.75-2.10%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.59-7.88%
  • bittensorBittensor(TAO)$454.35-2.57%
  • nearNEAR Protocol(NEAR)$3.05-6.17%
  • aptosAptos(APT)$5.74-7.67%
  • aaveAave(AAVE)$229.70-3.27%
  • okbOKB(OKB)$54.10-0.50%
  • ondo-financeOndo(ONDO)$1.01-4.29%
  • kaspaKaspa(KAS)$0.119654-3.89%
  • ethereum-classicEthereum Classic(ETC)$19.84-5.38%
  • internet-computerInternet Computer(ICP)$5.64-5.66%
  • crypto-com-chainCronos(CRO)$0.101743-1.87%
  • gatechain-tokenGateToken(GT)$21.72-1.00%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.28-3.14%
  • render-tokenRender(RENDER)$5.12-4.35%
  • mantleMantle(MNT)$0.78-4.20%
  • vechainVeChain(VET)$0.030352-5.33%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250063-3.67%
  • ethenaEthena(ENA)$0.407481-9.38%
  • usd1World Liberty Financial USD(USD1)$1.00-0.12%
  • algorandAlgorand(ALGO)$0.237616-4.24%
  • filecoinFilecoin(FIL)$3.06-6.14%
  • arbitrumArbitrum(ARB)$0.426258-7.10%