The first rule of crypto is not talking about your crypto. As the market expands, so do digital assets robberies, and your best bet to avoid them is anonymity.
, an upgrade that batched multiple signatures and transactions together for easier transaction verification, were attributed to greatly improving Bitcoin privacy.
As crypto adoption has increased, the regulation of exchanges has become much stricter, specifically in terms of retention of identification data, including many addresses. An accompanying concern comes down to the vulnerability in the design of exchanges to internal leaks. In a cryptography context, even one bad actor, among an “N” number of innocent persons, can effectively impact security and, therefore, privacy.
Privacy concerns are not new, which is why several technologies have risen to attention for not allowing privacy to interfere with fee stability through scaling — namely, the Lightning Network.
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