“Tornado [Cash] He is dead, but privacy will not die, “said an Ether enthusiast in X after the Oxbow Ethereum’s privacy tools went to April 1 to facilitate privacy in the chain while dissociating the illicit funds.
The feeling echoes the early absorption of the privacy groups, which have prosecuted 238 transactions of user deposit, totaling 67.49 ETH in the first three days. The new tool has received an approval from the founder of Ethereum, Vitalik Butein, who was one of the first to deposit ETH.
These privacy groups take advantage of zero knowledge tests and commitment schemes to facilitate ether deposits and subsequent withdrawals, partly or in their entirety, while the link between deposits and retirement addresses is broken. Think about it how to have a specialized bank account to send money while hiding your identity or how much money you have.
The architecture includes the contract layer to manage assets, the zero knowledge layer to guarantee privacy and the association establishment supplier layer that guarantees compliance by investigation.
The three layers work together to preserve privacy while evaluating transactions for links to illicit actors such as computer pirates, phishers and scammers. The exam is dynamic, which means that a deposit is accepted but then it is malicious, it can be removed.
Privacy groups are not custodians, ensuring that users retain total control over their funds, allowing even rejected deposits to retreat funds to their original addresses.
From now on, the deposit limits are established between 0.1 eth and 1 eth, with the promise to increase the same after the initial battle test period.
“This is just the beginning. The way to make privacy normal again is long and exciting, and we can’t do it alone!” 0xBow said in X.
