Channels

Honest

Tornado Cash

Read

Tornado

<div class="coingape"> 
 <p>Privacy Pools is a novel smart contract that Vitalik Buterin proposes which has the potential to revolutionize the security and privacy of users while adhering to regulatory laws. Despite allowing users to move transactions privately, Privacy Pools will provide the aspect of security that was previously missing in mixers like Tornado Cash.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <p>Also Read:&nbsp;ETH Price Prediction: Ethereum Gaining Momentum, Targeting $2,000?</p> 
 <h2 id="the-essence-of-privacy-pools">The Essence Of Privacy Pools</h2> 
 <p>Transparency in blockchain technology allows anyone to validate transactions, a feature designed to reduce risks. However, the aspect of openness proved to be a challenge regarding privacy.</p> 
 <p>Privacy Pools function on the fundamental idea that users should be able to publish zero-knowledge proofs and demonstrate the legitimacy of their funds without disclosing their entire transaction history. It is possible to achieve the goal through custom association sets that adhere to specific properties required by regulations or social consensus.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/06/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/06/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/06/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/05/e59946958a3ce000f279efb2e1b9c852.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/05/e59946958a3ce000f279efb2e1b9c852.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/05/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/05/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <p>The concept of privacy pools is an ingenious approach that allows users to comply with the regulations while preserving their privacy. It is a significant leap in balancing financial privacy and regulatory compliance.</p> 
 <h2 id="how-will-privacy-pools-alleviate-security">How Will Privacy Pools Alleviate Security?</h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>Privacy Pools emerged when other privacy-focused solutions like Tornado Cash faced challenges. Tornado Cash allowed users to make transfers and transactions without proving their identity and whitewashing the funds transferred.</p> 
 <p>Tornado Cash faced charges of involvement in the laundering of over $7 billion worth of cryptocurrency since 2019, where the user identity was protected, allowing bad actors to walk. Privacy Pools introduces an approach where users can prove their identity in association sets that will enable them to prove the funds’ origin.</p> 
 <p>Using the approach of Privacy Pools, Honest users can dissociate themselves from third party deposits they disagree with, making it difficult for dishonest users to make transactions or participate in such association sets.</p> 
 <p>Previously, Vitalik’s Multisig proposal came to fruition, with multiple companies offering multisig sign-in options to users. Considering Vitalik’s influence over the blockchain industry, will we can soon witness his new paper on Privacy Pools come into existence.</p> 
 <p>Also Read:&nbsp;Ethereum Whales Added Over $400 Million In ETH, Will Price Action follow?</p> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vitalik-s-plan-to-avoid-another-tornado-cash-mishap-tbt61792.html">https://thebittimes.com/vitalik-s-plan-to-avoid-another-tornado-cash-mishap-tbt61792.html</a></p>

Vitalik's Plan To Avoid Another Tornado Cash Mishap

Table of Contents

TheBitTimes

Other articles published on Sep 6, 2023

Zscaler (ZS Stock): Quarter 4 results Shows Growth, What’s Next?

Vitalik Buterin Keluhkan Masalah ETH: Mungkin 20 Tahun Tak Selesai

Visa Akan Pakai Solana untuk Transaksi Stablecoin

PANW Stock Price Prediction: Can PANW Touch New Highs?

The Australian Senate Committee has declined to pass a cryptocurrency bill proposed by Opposition...

CertiK’s Chief Security Officer Talks on AI-coded Smart Contracts

Join our free newsletter for daily crypto updates!