The Block8 minutes ago

Published on September 09, 2023 20:34 GMT+00:00edited on September 09, 2023 20:39 GMT+00:00

A paper proposing a regulatory-friendly mixing protocol on Ethereum called Privacy Pools co-authored by Ethereum founder Vitalik Buterin has won support from major crypto industry figures such as the founders of Coinbase, Metamask, and Messari. 

The Privacy Pools protocol would allow users to demonstrate that their funds do not come from unlawful sources without being forced to reveal the full transaction history of those funds. The protocol was designed as an alternative to the mixing protocol Tornado Cash, whose founders have been charged with money laundering and sanctions violations. 

“Privacy Pools has the potential to be the most important tool we have to address regulatory challenges while maintaining privacy on public blockchains,” said Fred Ehrsam, co-founder of …