Ethereum News: Ethereum Foundation Boosts Privacy Across Blockchain Ecosystem
The post Ethereum News: Ethereum Foundation Boosts Privacy Across Blockchain Ecosystem appeared on BitcoinEthereumNews.com.
The Ethereum Foundation introduces Privacy Cluster to enhance privacy tools and solutions for users and institutions in the blockchain. Privacy has recently become a fundamental part of the blockchain ecosystem of the Ethereum Foundation. The new Privacy Cluster is the coming together of 47 leading cryptographers, engineers, and researchers in a targeted effort to create more advanced privacy tools to benefit Ethereum users and institutions. The move is the result of years of work by the Privacy & Scaling Explorations team, famous for their contributions of privacy primitives such as Semaphore and MACI. Another point highlighted in the Foundation is that digital trust requires privacy. Privacy refers to the ability to determine what, when, and with whom information is shared – this fundamental human right is expanded to blockchain communication. As billions of dollars and millions of transactions daily are secured on Ethereum, it is essential to expand privacy protection to ensure credibility and allowable usability in the long run. It is under the Privacy Cluster, organized by Igor Barinov, the founder of Blockscout, and in coordination with current projects by PSE, headed by Andy Guzman. This is a collaborative initiative to make Ethereum a coordinated system with privacy throughout the stack, both on the protocol level and on the user experience level, as well as in terms of institutional requirements. Unlocking Seamless Privacy Tools for All Privacy Cluster is spearheading a number of innovative projects to make privacy normal on Ethereum. These are Private Reads and Writes, which allow making confidential payments and voting without metadata leakage; Private Proving, which allows users to verify eligibility or identity selectively; and Private Identities, which allows zkID-based selective disclosure. One project that could be mentioned is Kohaku, which is an open-source privacy-oriented wallet and software development kit. It will provide robust cryptography…
