"Biggest Problem": Can the ETH L1 Enable Privacy Transfers？
Author: Wublockchain Joey On September 23, ETH developer Tim Beiko posted that he wants private ETH L1 transfers, rather than relying on third-party apps such as Tornado Cash or L2 apps such as zkMoney, "which is the #1 problem on Ethereum I'd love to see someone come up with a solution to". Previously, Tornado Cash was sanctioned by OFAC and zkMoney was affected by FTX. As you can see, third-party DApps are more susceptible to scrutiny and regulation by centralized institutions. In contrast, if a private transaction occurs on the ETH mainnet, the only way to stop the transaction is to not package it on the chain, which requires control of all ETH nodes, making it significantly more difficult. So, can blocks of ETH achieve perfect privacy transfers? This question depends first on policy factors, i.e., censorship resistance, and second on technology. Policy The discussion of censorship resistance intensified after ETH completed the Merge. Because in the PoW era, ETH, like ...