Some couple of post ago, I wrote about the etherum proposal and what it means so I came across a blog post which the ethereum creator and co-developer as he speaks on some issues that effects the smart contract network. It happens that privacy is one of the challenges which is regard the as a major concern to the ecosystem, he also speaks on how the issue can be resolved.
By default, anything that goes onto a public blockchain is public. Increasingly, this means not just money and financial transactions, but also ENS (Ethereum Name Service) names, POAPs (Proof of Attendance Protocols), NFTs, soulbound tokens, and much more. In practice, using the entire suite of Ethereum applications involves making a significant portion of your life public for anyone to see and analyze.
Improving this state of affairs is an important problem, and this is widely recognized. So far, however, discussions on improving privacy have largely centered around one specific use case: privacy-preserving transfers (and usually self-transfers) of ETH and mainstream ERC20 tokens.
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
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Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura
Posted Using LeoFinance Beta