Decentralized technology will end the Web3 privacy conundrum

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Decentralized technology will end the Web3 privacy conundrum
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  • 📰 Cointelegraph
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Achieving privacy in crypto should not require clunky workarounds, shady tools or deep expertise of complex cryptography but should be simple for users, argues a mathematician and cryptographer.

Although the modern internet connects us like never before, one thing that younger generations have never truly experienced is the feeling of genuine privacy. Even older generations have forgotten what life was like before our every thought and action were tracked.an open, trustless, permissionless internet where users can interact with each other peer-to-peer without giving up ownership control, privacy or relying on intermediaries.

With blockchains, individuals can now bypass centralized websites and costly intermediaries and interact directly with each other with end-to-end encryption. People can buy assets such as houses or works of art, access public resources, and participate in high-level decisions. Moreover, the control and management of those processes are much simpler using a decentralized platform where third parties are unable to gain access to data unless participants agree to enable it.

As things currently stand, the implementation of privacy has not been given the priority that is needed or deserved. Instead, the blockchain community chose other priorities — notably, addressing the scalability, speed and cost challenges that have been holding blockchain back from mass adoption.It’s not just willful negligence, of course. There is a good technical reason that web applications today are unable to execute on existing blockchain architectures.

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