CZ's privacy in calling is the 'missing piece of the puzzle'? 🍉
🍿 What happened?
Imagine if your boss paid salaries in BTC or U, then you could casually check on the chain how much your colleagues next door are getting, and how much your supervisor is getting... Wow, an office war is about to break out 😂
CZ is talking about this: the current blockchain is too transparent, although it is very secure, there are always expenses related to 'payments' that shouldn't be public. So he thinks that privacy technology is the last missing piece for cryptocurrency to enter daily life!
🌸 Hana's musings
Hana researched and found that the current privacy track is divided into two major factions:
✦ Hardcore Privacy Coin Faction ($ZEC , $XMR ):
Like ZEC (Zcash), which was called out this time, it's cool because you can choose whether to hide transactions. But the problem is, because the privacy feature is too powerful, governments around the world are watching closely! Many large exchanges will delist these types of tokens for compliance reasons, which is the biggest risk! Buying it but having nowhere to sell it is quite awkward 😂
✦ ZK Zero-Knowledge Proof Magic Faction ($ROSE , Layer2s):
This faction is currently the hot favorite ✨ In simple terms, ZK technology is like 'you go to a bar and show the bouncer your ID to prove you're over 18, but the bouncer 'can't see' your address and birthday at all.'
Now many projects are working on this because it seems to have found a balance between 'protecting privacy' and 'dealing with regulatory checks.' This might be the real solution to the 'missing link' that CZ mentioned! Compared to directly using BTC for payments and exposing your assets, using a chain with ZK technology might be more practical.
🗨️ What is everyone arguing about?
Geek Spirit Faction: Code is Law! Real cryptocurrency should be completely anonymous, no matter what regulators say; XMR is the eternal god!
Pragmatic Compliance Faction: Stop making a fuss, to be compliant you have to compromise. Only 'auditable privacy' like ZK has a future, otherwise institutions won't dare to enter the market.
Hana believes that, regardless, privacy chains and tokens like ZEC have become quite popular over the past year and cannot be ignored!
Contracts can be skipped, but the melons can't be left uneaten! Let's continue to enjoy the melons with Hana～
