What is the core challenge of current blockchain systems? Transaction transparency is both an advantage and a weakness.
Just one transaction can reveal wallet balances, transaction times, and all activities of the counterparties. Over time, this on-chain data is increasingly likely to be linked to real-world identities.
Here, an important distinction must be made. Privacy is not simply anonymity. True privacy means that, at this moment, my transaction information is not exposed to anyone, even though it may eventually be revealed.
For blockchain to become mainstream, practical privacy solutions are essential.
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AirDropMissed
· 8h ago
Anonymity ≠ Privacy. Many people really get confused about this... On-chain footprint is permanent, but the question is how long you can hide it.
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JustAnotherWallet
· 16h ago
NGL, this privacy issue should have been taken seriously long ago. It's a bit late to start discussing it now.
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Anon4461
· 16h ago
Transparency vs. Privacy, it's really a dilemma... But it's true that just anonymity alone can't solve it. If on-chain data keeps accumulating, it'll eventually all be exposed, lol.
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Ser_APY_2000
· 17h ago
Transparency vs Privacy... It really feels like you can't catch both at the same time lol. But honestly, in the current situation, isn't privacy more important? If you want mass adoption but leave all transactions exposed, who would use it?
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TooScaredToSell
· 17h ago
This is really the core... I thought transparency was only an advantage, but at the same time, it's a complete weakness.
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PseudoIntellectual
· 17h ago
It's not easy to take care of both transparency and privacy... In the end, someone will probably solve it first, but honestly, I'm suspicious.
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MoneyBurner
· 17h ago
This is the real issue. I had already built positions in Monero and Zcash, but someone traced on-chain data directly linked to my wallet, and I'm still losing... But you're right, true privacy isn't playing hide and seek; it's about not being seen at the moment. Most people haven't really understood this.
Privacy Issues in Blockchain, What We Are Missing
What is the core challenge of current blockchain systems? Transaction transparency is both an advantage and a weakness.
Just one transaction can reveal wallet balances, transaction times, and all activities of the counterparties. Over time, this on-chain data is increasingly likely to be linked to real-world identities.
Here, an important distinction must be made. Privacy is not simply anonymity. True privacy means that, at this moment, my transaction information is not exposed to anyone, even though it may eventually be revealed.
For blockchain to become mainstream, practical privacy solutions are essential.