As people all over the globe have become increasingly aware of their privacy rights and how they are constantly being violated by various prominent social media platforms, the need for tangible, decentralized alternatives has continued to grow rapidly.For perspective, in 2019, Facebook was ordered to pay a mind-boggling $5-billion fine by the United States Federal Trade … [Read more...] about Blockchain-based decentralized messengers: A privacy pipedream?
Privacy
Decentralized technology will end the Web3 privacy conundrum
Although the modern internet connects us like never before, one thing that younger generations have never truly experienced is the feeling of genuine privacy. Even older generations have forgotten what life was like before our every thought and action were tracked.Web3 envisions an open, trustless, permissionless internet where users can interact with each other peer-to-peer … [Read more...] about Decentralized technology will end the Web3 privacy conundrum
What Are Privacy Coins and Are They Legal?
Monero is one of the only privacy coins that is private by default. Unlike Zcash, you can’t turn its privacy functions off. To hide transaction data, Monero uses one-time-use “stealth addresses” for each transaction; “ring signatures”, which group genuine transactions with old “decoy” transactions to make it difficult to work out which transaction is legitimate, and “ringCT”, … [Read more...] about What Are Privacy Coins and Are They Legal?
Money Reimagined: Let’s Be Privacy Scolds
All well and good. Yet, it’s easy to imagine how peeping Toms could take advantage of this feature to spy on unsuspecting innocents, if they haven’t already. Neophytes who neglect to cover their tracks, for example by sharing their addresses publicly and reusing them, would be easy prey. It’s unsettling enough how much you can find out about someone in 10 minutes of googling. … [Read more...] about Money Reimagined: Let’s Be Privacy Scolds
Privacy Coin Issuer: Nothing’s Encrypted Until End Points Are Encrypted
Roughly $13 billion is afloat in the privacy coin market, but are holders of these tokens really getting what they’re paying for? That depends. If they’re of the mind that all they have to do is to denominate transactions in Monero or Zcash and nobody could ever trace their path or hack their accounts, then no. If they fully understand that buying and selling with privacy coins … [Read more...] about Privacy Coin Issuer: Nothing’s Encrypted Until End Points Are Encrypted