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On-chain privacy is key to the wider mass adoption of crypto -Breaking

by Mike Robinson

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To increase the adoption of cryptocurrency in mass, on-chain privacy is crucial

Each day brings new innovation to the crypto industry. Blockchain technology continues to innovate at lightning speed, whether through decentralized apps or new methods of implementing and using nonfungible tokens in decentralized finance. What’s missing is widespread adoption. Widespread adoption. This is hampered by the public nature of blockchain. DeFi as it exists now lacks meaningful privacy. To encourage widespread adoption of blockchain technology by individuals, businesses and governments, all parties involved in transactions with it should be able to expect consistent, regular privacy.

We must first define privacy. Privacy does not refer to pseudonymity as cryptocurrency claims. Meaningful privacy means that a personal financial account will not be traced and an individual’s wealth will not be exposed. This means that trade secrets can be protected by businesses. Privacy means a government’s finances are the business of its people — not the business of dangerous neighbors.

Kieran MesquitaRailgun is the chief scientist of Railgun. Railgun uses DeFi to seamlessly integrate with cryptocurrencies and provides privacy. His extensive experience in the development of technologies for DeFi and blockchain is a plus. He was one of the original to adopt and develop GPU mining software.