New Privacy Model on Ethereum

Photo by Shubham Dhage on Unsplash

With smart contracts, the project has significantly changed the landscape of blockchains. With the introduction of EIP 1559, Ether (ETH) already has the potential to be a genuinely deflationary asset. The ecosystem continues to scale with the shift from Proof of Work to Proof of Stake and eventual sidechains and layer-2 blockchains. But one of the biggest remaining challenges for Ethereum is undoubtedly the privacy of its users.