Per the proposal, Ethereum users can simply publish ZK-proofs to verify that their funds did not come from knowingly unlawful sources of cryptocurrency.To do so, through a cryptography mechanism, the user just needs to proof and encrypt the verified fact of being associated or not with the set of deposits:However, in some implementations, this mechanism can reveal more information about the transactions in question, the authors added.
Also, this instrument would allow honest users to disassociate themselves from third-party deposits they do not agree with or might otherwise prevent them from using their funds in a regulated environment. However, the regulators will still be in charge of creating"black lists" of addresses considered illicit in this or that jurisdiction.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vitalik Buterin on fix for Ethereum centralization — make running nodes easierEthereum co-founder Vitalik Buterin says that node centralization remains one of the most pressing challenges. To solve this problem, nodes need to be cheaper and easier to run but that may not come properly for another 20 years.
Source: Cointelegraph - 🏆 562. / 51 Read more »
These Problems Need to be Solved to Fix Ethereum’s Centralization Issues: Vitalik ButerinThe centralization issue has raised concerns about the Ethereum blockchain facing the challenge of a single point of failure.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Ethereum's Vitalik Buterin Argues for Blockchain 'Privacy Pools' to Weed Out CriminalsThe paper argues for “privacy pools,” a tech feature that would enhance the privacy of user’s transactions while also separating criminal activity from innocent funds in different sets.
Source: CoinDesk - 🏆 291. / 63 Read more »
Vitalik Buterin co-authors paper on Tornado Cash alternativeEthereum co-founder Vitalik Buterin co-authored a research paper on a privacy protocol named Privacy Pools.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Possible moves as BTC goes back to consolidation modeBitcoin (BTC) price is back to consolidation after the recent Grayscale-infused data provided market impales. Ethereum (ETH) price is following in a p
Source: FXStreetNews - 🏆 14. / 72 Read more »
Ethereum whales accumulate ETH as researchers explore scaling beyond EIP-4844Ethereum developers discussed the issue of scaling that challenges the ETH blockchain’s wider adoption among users. Over the past couple years, a grou
Source: FXStreetNews - 🏆 14. / 72 Read more »