On-chain privacy is key to the wider mass adoption of crypto -Breaking
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Every day, there are new innovations in crypto. Decentralized applications and new ways to use nonfungible tokens within decentralized financing are just a few of the many innovations that blockchain technology has made. What’s missing is widespread adoption. Widespread adoption. The very public nature blockchain is one thing that holds this back. DeFi’s current operation lacks any 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.
Let’s first define privacy. This does not mean that cryptocurrency has pseudonymity. Meaningful privacy means that a personal financial account will not be traced and an individual’s wealth will not be exposed. The business is able to protect trade secrets. Privacy means a government’s finances are the business of its people — not the business of dangerous neighbors.
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