Privacy Pools, a successor to Tornado Cash project will allow users to make private, largely untraceable transactions while discouraging money laundering and other illegal activities. 🎨: AnjaliNair25 // Getty
Under Soleimani’s system, individual users will be responsible for marking out which other depositors they do not want to be associated with. In practice, he imagines that will mean using blacklists compiled by companies like Nansen, which monitors public blockchains for criminality.
Soleimani says that an alternative system, where an administrator maintains a blocklist to bar bad actors from the platform entirely, would be prohibitively expensive because adding addresses to a blockchain-hosted list comes at a cost each time, and criminals frequently hop between wallets. It would also raise ethical questions around whether one individual should make a judgement about who is allowed to use the service.
Even before the technical details were released, the project began receiving messages of support from the cypherpunk community, which advocates for the use of cryptography to safeguard personal privacy. As for whether US regulators are likely to be receptive to the idea, however, Soleimani says he is “not at all confident”—a feeling that’s shared within crypto circles.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What's the difference between Tornado Watch and Tornado Warning?With severe storms possible Thursday, we wanted to make sure everyone knows the difference between a Watch and Warning when it comes to severe weather.
Read more »
U.S. Champ Erika Kemp Prepares for Marathon Debut With New Sponsor, New Coach, New Training GroupShe’s signed with Brooks, she’ll be training with Marielle Hall and Molly Huddle, and she’s ready to run Boston.
Read more »
Cardi B Shows Off Face Tattoo of Her Son Wave's NameThe 'Invasion of Privacy' artist took to Twitter to show off her new ink.
Read more »
Tornado Cleanup Volunteers Needed in Coosa County Saturday - Alabama NewsNEW: FEMA says volunteers are needed for tornado cleanup efforts in Coosa County on Saturday, March 4. alnews alabamanewsnetwork
Read more »
From the Archives: The Day a Rare Tornado Rampaged Through Los AngelesA storm system off the coast of California in late-winter of 1983 unleashed a terrifying weather oddity south of downtown Los Angeles
Read more »
Difference Between A Tornado Watch, Warning And Emergency - Videos from The Weather ChannelThese are three levels of tornado alerts you should be aware of, and know how to respond to, should you receive one. - Videos from The Weather Channel | weather.com
Read more »