The Future of Blockchain Privacy Tools

Validated

If blockchain is going to scale to billions of users with use cases like payroll and and savings, privacy is a prerequisite for adoption. But if privacy preserving technology is vulnerable to the law - think OFAC's sanction of Tornado Cash - how will adoption at that scale ever be possible? In this episode, Yannik Schrade (Elusiv) describes the possibility of a gray area between public and private transactions on blockchain. Through community consensus, Elusiv is making it possible to flag illicit actors and grant temporary decryption authority to third parties, all without compromising the privacy of its honest actors. Yannik describes the mechanics of how such a system works and wrestles with the role of human judgement in trustless systems.

DISCLAIMER

The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. Solana Foundation Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.