📄️ Why On-Chain Privacy is the Missing Piece
Blockchain and DeFi systems are celebrated for their transparency and decentralization, but this openness comes at a cost—public exposure of user transaction data, leading to privacy vulnerabilities.
📄️ What Are Privacy 1.0 Solutions?
Privacy has always been a hot topic in the crypto space. The first serious attempts at privacy-friendly solutions date back to 2013 with the launch of Monero, and even earlier, there were whispers of privacy enhancements for Bitcoin itself. While Bitcoin’s privacy aspirations were eventually shelved, other projects took the lead.
📄️ Current Landscape of Privacy 1.0 solutions
Current privacy 1.0 solutions have been mainly using zero-knowledge proofs solely. We need to have sheielding addresses and shielded tokens in order to get privacy.
📄️ What is Privacy 2.0?
Privacy 2.0 represents a evolution in privacy systems, introducing the concept of "Private Shared State." This innovation allows public and private states to coexist and interact seamlessly, addressing critical privacy and composability challenges.
📄️ benefits_p2
Benefits of Privacy 2.0