Vitalik Buterin co-authors paper on regulation-friendly Tornado Cash alternative | Headlines | News | CoinMarketCap
09/06/2023 23:34
Ethereum co-founder Vitalik Buterin co-authored a research paper focused on a privacy protocol called Privacy Pools with core developer Ameen …
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Published on September 06, 2023 16:29 GMT+00:00edited on September 06, 2023 16:31 GMT+00:00
Ethereum co-founder Vitalik Buterin co-authored a research paper focused on a privacy protocol called Privacy Pools with core developer Ameen Soleimani, researcher Jacob Illum from analytics firm Chainalysis, and academics Matthias Nadler and Fabian Schar. With what could be a potential alternative to the troubled Tornado Cash, they posit that financial privacy can co-exist with regulation.
The authors describe the new platform as "a novel smart contract-based privacy-enhancing protocol" designed to enhance transactional privacy on blockchains. Privacy Pools aims to leverage zero-knowledge proofs to determine whether user funds originated from lawful sources without revealing the complete transaction history.
Financial privacy and regulation: a dual approach
The primary goal of …