“Tornado (cash) is dead, but privacy will not die,” an Ether Enthusiast told x After the Ethereum privacy tools of Oxbow Went live On April 1 to facilitate on-chain privacy while separate from forbidden funds.
The emotion was pronounced by the early revolution for privacy pools, processing 238 user deposits transactions, covering 67.49 ETH in the first three days. The new tool has received a thumbs-up from Ethereum founder Vitalik Blerin, who was one of the first deposits in eth.
These pools pool Leverage Proof zero-knowledge and commitment schemes to facilitate ether deposits and subsequent removal, in part or whole, while destroying the link between deposits and removal addresses. Think of it like having a specialized bank account to send money while hiding your identity or how much money you have.
The architecture consists of the contracting layer for the management of property, the zero-knowledge layer to ensure privacy and the layer of the organization provider that ensures compliance through vetting funds.
The three layers work together to maintain privacy while screening transactions for links to illicit actors such as hackers, phishers and scammers. The screening is dynamic -new, meaning a deposit is accepted but eventually found malicious, it can be removed.
Privacy pools are non-custodial, ensuring users to maintain full control over their funds, allowing even rejected deposits to switch funds to their original addresses.
So far, the deposit limitations are set between 0.1 ETH and 1 ETH, with the promise to increase both after the initial trial period in battle.
“It’s just the beginning. The way to making normal privacy is again long and eager, and we can’t do it!” 0xbow said In X.
