What Ethereum Will Look Like When It Implements Its New Privacy Focus - Ep. 959
Episode publishedPodcast: UnchainedUnchained
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Hey all, before we begin, I've got some exciting news to share. We've been working on something a little wild behind the scenes. It's called Unshade On Air, a revamped livestream series and podcast feed that takes you way beyond the headlines. It features sharp, maybe even controversial, takes on major events and the kind of on chain intel that never makes it to your feed. Way more shows, way more often, each one laser focused on a different slice of crypto and finance. First up is Dex in the City, where the wallets are cold and the takes are hot with Jesse Brooks, Catherine Kirkpatrick Boz, a
One of the, like misconceptions that many people have, even just like starting in the space is like thinking that by default crypto is private, which is not, or it's anonymous and it's not. Right? It's pseudonymous. So, basically, whenever you do an action on on blockchains like Ethereum or Bitcoin or most of the other public blockchains, those actions get recorded forever. And that could be, like, legal risks. That could be personal risk. That could be, like, financial risk as well. Just leaking all your information and storing it that in a blockchain where you cannot delete it. You cannot ed
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. Thanks for joining this livestream, which is prerecorded, I should let you know. Before we get started, a quick reminder, nothing you hear on Unchained is investment advice. This show is for informational and entertainment purposes only, and my guests and I may hold assets discussed on the show. For more disclosures, visit unchainedcrypto.com. Are you a builder who needs to add on chain trading to your product? The Uniswap trading API from Uniswap Labs offers plug and play access to some
Yeah. Thank you. Thank you.
So in early October, the Ethereum Foundation announced that it was establishing what it was calling the privacy cluster, a team of 47 researchers, engineers, and cryptographers coordinated it by Blockscout and XDive founder Igor Baranov in order to establish privacy as a first class property of Ethereum. Explain what the privacy cluster is and what its mission is. And Andy, why don't you start?
Right. So I would say the privacy cluster is this very focused effort on trying to make Ethereum more private and bring it more and make it a default. So actually the Ethereum foundation has a long history into just bringing more researchers engineers into this area. PSC or privacy stewards of Ethereum is one of these teams who has been running from since 2019, exploring new use cases on privacy and identity at the application layer, privacy and reputation, privacy on many different aspects that I can go deeper later. But this is a renew effort with more resources, with more people into just e
And Oscar, why don't you explain what the mission is for the privacy cluster?
Yeah. So IPTF is a new team, so institutional privacy task force. And basically what we're trying to do is we're trying to get institutions to build on top of public blockchains like Ethereum specifically, with a focus on solving their privacy requirements. So that's basically the mission, and I think that also is very much in line with sort of recent changes at the Ethereum Foundation with the sort of new executive leadership coming in and an increased focus on sort of ecosystem development and so on. On. So I guess more broadly at EF, there is the protocol cluster, which focused on l one, an
So privacy has become a huge trend in crypto as I'm sure you guys are aware. And to me, it feels li
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