Vitalik Buterin, the co-founder of Ethereum, recognizes the privacy problem in the most active smart contracting platform. He is proposing a stealth address system as a possible fix. Vitalik Buterin’s idea radically differs from what Tornado Cash, a crypto mixer, and similar platforms offer. Instead of the sender having control, it would be the recipient in charge. This is crucially important because, in ordinary settings, the asset receiver would desire to keep transactions, financial or otherwise, private and away from the public’s prying eyes. Related Reading: The Blockchain that Brings Privacy to the Masses By default, transactions in Ethereum and other public blockchains can be traced. This characteristic is available for all users, despite the basic levels of encryptions concealing the identity of the sender and receivers. Ethereum Price on January 23| Source: ETHUSDT on KuCoin, Trading View Vitalik Buterin Talks Stealth Addresses To counter the openness in Ethereum and cushion the privacy of asset receivers, stealth addresses would be created by the sender or receiver. However, the receiver will be the one in charge. ..
Support the originator by clicking the read the rest link below.