The Ethereum Foundation released a roadmap to bring privacy features to the end-to-end to the Ethereum network, a Layer-1 (L1) blockchain, and revised the “Privacy & Scaling Explorations” initiative to “Privacy Stewards of Ethereum” (PSE).
PSE said aimed at bringing it PRIVACY SOLUTIONS IN PROTOCOLinfrastructure, networking, application, and layers of purse on Friday announcementand laid some major goals for the next 3-6 months.
This includes enabling private transfers through the development of the plasmafold layer-2 network, confidential voting, and privacy in decentralized financial applications (DEFI).
Roadmap also suggested exploration of a workaround for personal data broadcast through remote procedure call (RPC) services, and private identification solutions through proof zero-knowledge (ZK), a method of verifying information without revealing the specific content of that information. PSE described its mission:
“Ethereum should be the main infrastructure for global digital commerce, identity, cooperation, and the internet of value. But this potential is impossible without private data, transactions, and identity. We take responsibility within the Ethereum Foundation for ensuring privacy goals in the application layer of application.
“We will work with protocol teams to ensure any L1 changes required to enable strong, censorship-resistant intermediary-free privacy that has occurred,” the announcement continued.
Privacy is always in the main part of Cypherpunk Ethos who has spawned cryptocurrencies, and while crypto gets a wide adoption and the attention of governments, the crypto community is increasingly concerned about the emerging Digital financial monitoring Methods.
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The US government recommends government identity checks for defi
US government officials are currently Weighing regulations for the crypto industry and markets, which include potential tracking measures to monitor participants’ activity.
The US Department of Treasury, led by Secretary Scott Bessent, explores proposals at Add government identity checks In wise contracts, drawing the backlash from the crypto community.
Ethereum co-founder Vitalik Blerin repeatedly said that Privacy is an important human right. In April, Blerin warned that transparency was more than a bug, rather than a feature, at a digital age.
Buterin said privacy is needed to protect individuals at a time of growing state power and large, centralized corporations.
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