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A lot of these smaller networks are on top of or connected to top 10 chains. A number of the top 10 networks will eventually (~5-10 year time frame) get privac
by CuriousCosmic 5y ago
A lot of these smaller networks are on top of or connected to top 10 chains.
A number of the top 10 networks will eventually (~5-10 year time frame) get privacy preserving transactions however the space is still very much in development and it's a bit easier to reason about the network and what changes to make next when you can see what the users are doing. I know at the very least, IOG (the company currently leading Cardano development) is doing privacy preserving smart contracts research with the intent that it eventually becomes part of the protocol.
There's a lot for Layer 1 protocols to accomplish as it is so the space is largely delegating privacy chain research/functionality to L2s for the time being.
- withinboredom 5y agoI hear the word “eventually” associated with crypto, quite a bit. I’ve yet to see an “eventually” actually pan out before they run out of money or the value tanks so low nobody will mine it anymore. As an observer following all of this fairly closely, it feels remarkably like a scam.
- dlubarov 5y agoEthereum already has options for private payments, such as Aztec (https://zk.money/ https://zk.money/).
- everfree 5y agoI find it telling that several currently live privacy networks were mentioned in this comment tree that you can use today, yet you still latch on to the word "eventually" and call the space a scam.
- withinboredom 5y agoMaybe that was a bit unfair. Perhaps what I should say is that there is too much competition, such that no one can get the traction they need to truly accomplish their goals, with few exceptions.
- everfree 5y agoI don't think too much competition has ever killed a product category. Usually the "few exceptions" end up dominating a market.