Ethereum Foundation Team Unveils Privacy Roadmap To Counter Surveillance
An Ethereum team has released a roadmap to ensure privacy on its blockchain, warning that without stronger protections it risks becoming a tool for global surveillance. The Privacy Stewards of Ethereum (PSE), a group within the Ethereum Foundation formerly known as Privacy & Scaling Explorations, said its roadmap highlights three priorities. Private wires to make private on-chain actions as cheap and seamless as public ones, private reads to make it possible to access blockchain data without revealing identity, and private proving to speed up proof generation and verification while keeping it confidential. The push comes as regulators in the US are weighing measures that could impose surveillance requirements on decentralized finance, heightening concerns over privacy erosion. The privacy roadmap could help Ethereum further cement its position as the leading dApp blockchain, with nearly 60% of total value locked and a dominant 60% share in stablecoin issuance. TVL by block...