Ethereum’s Bold Move for User Privacy
The Ethereum Foundation has launched a new initiative called “Privacy Stewards of Ethereum,” focusing on enhancing user privacy within the network. This comes after rebranding its “Privacy & Scaling Explorations” program.
Announced on September 12, this roadmap aims to make privacy a primary feature of Ethereum, protecting users from surveillance. The network seeks to maintain its status as a cornerstone for global digital commerce, identity, and finance.
According to the Ethereum Foundation, privacy must be integrated to prevent Ethereum from becoming a tool for global surveillance.The roadmap outlines three main areas of focus:
- Private Writes: Simplifying and affording private transactions like public ones using PlasmaFold and other private systems.
- Private Reads: Preventing data leaks during blockchain queries,ensuring user data remains secure.
- Private Proving: Simplifying and reducing the cost of creating zero-knowledge proofs.
The foundation believes Ethereum can be central to global commerce and internet value. But, without robust privacy features, this vision won’t materialize.
Critical initiatives include enhancing institutional adoption, improving privacy-preserving capabilities, and boosting privacy technology integration. Vitalik Buterin, co-founder of Ethereum, supports these efforts.
Ethereum’s price remains stable around $4,522, wiht slight daily fluctuations.Technical indicators suggest a healthy market trend but warn of possible short-term bearish shifts. Traders should monitor volume and upcoming sessions closely.
