05/19/2024
BTC66,312.0
ETH3,068.88
USDT1.0
BNB574.72
SOL168.49
USDC1.0
XRP0.510305
DOGE0.149932
BUSD1.004
Last news
Vitalik Buterin Finds A Balance Between Anonymity And Crypto Regulators
09/07/2023

Vitalik Buterin Finds A Balance Between Anonymity And Crypto Regulators

09/07/2023
4,1

The Ethereum founder has written a new research paper that reveals an approach to balancing crypto regulation and anonymity.

The new "Privacy Pool" concept described by Buterin will make it possible to prove that users' crypto funds come from legitimate sources without revealing their identity. Zero-knowledge proofs will play a role in this, confirming that withdrawals are associated with previously approved deposits.

This approach allows honest market players to dissociate themselves from criminals and confirm their legitimacy while remaining anonymous.

The protocol can meet the needs of any regulation, and users can customize the level of personal information disclosure. Therefore, Buterin once again expressed his desire to build a better relationship between the crypto community and regulators.

The paper details the workings of its protocol, which consists of associative sets. They are built on inclusion and exclusion models. Buterin and his team will perform additional research.


Subscribe to Cryptonica.News
on social networks

The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Vitalik Buterin


How useful is this article for you?
Thank you for your review!

Last news

Explore more

Ethereum (ETH)
$3,068.88
-1.37%
Buy

HowTo

What Is DePIN in Crypto?
How to Get a Notcoin Bonus in Telegram Wallet?