Vitalik Buterin unveils roadmap for Ethereum privacy
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Ethereum co-founder Vitalik Buterin outlined an extensive plan to enhance the privacy of the network he helped create. In an April 11 roadmap, Buterin argued for incorporating privacy tools into Ether (ETH) wallets and implementing privacy-enhancing norms and features in the Ethereum ecosystem and protocol. He explained that the roadmap in question is a short-term solution that requires limited changes to the base protocol along with supplemental long-term updates. Buterin recommends adopting privacy-enhancing systems such as Railgun or Privacy Pools by existing wallets, according to the plan. When funds are sent with those wallets, he argues that users should be greeted by an option to “send from shielded balance,” which anonymizes the transaction, and should be “ideally turned on by default.” He wrote: “Users should NOT have to download a separate ‘privacy wallet.’“ Related: Privacy Pools launch on Ethereum, with Vitalik demoing the feature Major changes recommended for DeFi Buterin further recommended profound changes in how decentralized finance (DeFi) and broader decentralized applications (DApp) are implemented. He argued that those systems should be limited to “one address per application.” The Ethereum co-founder acknowledged that this would require “significant convenience sacrifices, ” but it “is the most practical way to remove public links between all of your activity across different applications.” He also highlights that the user experience would be “very similar” to depositing funds to one chain from another in crosschain interoperability systems. Buterin also highlighted that to enjoy the benefits of this change, developers would need to ensure that user withdrawal functions are privacy-preserving by default. Ethereum protocol changes needed Other changes included are the implementation of fork-choice enforced inclusion lists (FOCIL) and the Ethereum improvement proposal (EIP) 7701. The latter is an improvement to Ethereum account abstraction, and the former is a censorship-resistance improvement. FOCIL functionality diagram. Source:…
Filed under: News - @ April 12, 2025 5:10 am