The US government’s sanctions imposed by the US government to Tornado Cash in 2022 fired a debate on the crypto currency world. While the service anonymizing the user transactions, both support and reaction, many users faced a Ethereum network stuck between censorship and privacy. In the crypto currency community, these sanctions are considered as one of the important breaking points in terms of both individual freedoms and non -decentralization principles. The eyes have been translated into how these discussions will be reflected in the upcoming updates of Ethereum.
Tornado Cash sanction and reactions in Ethereum
US officials, Tornado Cash has become a tool that allows money to launder money, claiming that the platform was sanctioned. Following this development, Ethereum verifiers and block manufacturers began to refrain from verifying the processes associated with Tornado Cash. Thus, the Ethereum network, which boast of being decentralized, began to turn into a kind of censorship mechanism in the user -eye.
Some developers and users argued that this situation is contrary to the basic principles of the network and damages the freedom structure in the system. The transparent record of Ethereum’s operations on Blokzincir came to the fore as an element that endangers user privacy. Solutions such as Tornado Cash masking this transparency in a sense formed a balance element; However, this balance was broken with sanctions.
Privacy debate is growing: transparency or privacy?
Crypto Security Specialist Pascal Caversaccio says Ethereum’s being transparent due to its nature makes users traceable. According to him, public transaction history easily reveal the flow of money between users, which creates a serious vulnerability. Caversaccio argues that users’ financial movements should remain anonymous and says that the current system does not meet the expectation of privacy.
The developer community is in search of solutions. The proposed techniques include developed confidentiality solutions such as encryption of Ethereum’s Mempool structure, developing new process formats and zero-knowledge proof. The common purpose of these steps is to make user privacy prioritize without damaging the basic structure of the network.
New Privacy Model Recommendation from Vitalik Buderin
Vitalik Botter, one of the founding names of Ethereum, did not remain indifferent to privacy. Butter, which argues that privacy should be strengthened in the chain payments, said that the development of special account models for applications will enable users to make independent transactions from each other. In this way, the use of users will not be connected between different transactions and the transaction history will become less visible.
This proposal of Butterin adds a new interpretation to Ethereum’s understanding of “transparency for everyone”. It is a matter of curiosity to what extent this model will take place in the future updates of the network. In particular, discussions on the agenda before the Pectra update may open the door of privacy -based changes in the Fusaka update. Developers seem determined to intend to put the principle of confidentiality in the future of Ethereum.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
