Hashing It Out Podcast: Unravelling Web3 Privacy with Aleph Zero Co-Founder Antoni Zolciak
Summary:
The 49th episode of Cointelegraph’s Hashing It Out podcast features a deep exploration of privacy in the Web3 ecosystem with Antoni Zolciak, the co-founder of Aleph Zero. Zolciak explains the importance of privacy in the digital age, the challenges of developing privacy protocols, and the lack of understanding among users about data privacy. He briefly discusses the delisting of Monero (XMR) by exchanges and the listing of proactive projects like Zcash (ZEC). The podcast ends with predictions of privacy becoming a default feature in the blockchain industry and the rise of privacy-enhanced decentralized finance applications.
The 49th episode of Cointelegraph’s Hashing It Out podcast, featuring host Elisha Owusu Akyaw and Antoni Zolciak, co-founder of Aleph Zero, provides a deep dive into the intricacies of privacy in the Web3 framework, with a special emphasis on projects focusing on privacy. Zolciak, an expert in the development of privacy protocols, brings to light the struggles and progress in safeguarding privacy in the rapidly digitizing world. The podcast also shines a light on the philosophical and technical foundations of privacy, while exploring the impact it has on both individuals and organizations.
Zolciak explains that the value of privacy as a right has been undervalued, as most people are content trading their privacy for no-cost services. The problem, however, lies in the user's unawareness of how much personal data they're forfeiting, and the potential consequences of this action.
The Aleph Zero co-founder further underlines the importance of privacy in the Web3 domain as user experience shapes the protection of individuals' data. According to him, most users cannot truly grasp the concept of privacy in Web3, often failing to distinguish between pseudonymous and anonymous transactions. Moreover, users typically don't distinguish between privacy coins and blockchain infrastructure geared towards enhancing privacy, utilizing technology such as zero-knowledge proofs (ZK-proofs).
Zolciak posits that recent events, like the delisting of Monero (XMR) by premier exchanges such as Binance, are resultant effects of the growth and popularity of the ecosystem, coupled with the regulatory checks it has drawn. He furthermore suggests that there seems to be a broad agreement that eradicating projects like Monero could be a solution to the rising trend of regulatory oversight.
However, Zolciak quickly points out privacy-focused projects that maintain open lines of communication and strong compliance efforts, like Zcash (ZEC), have managed to maintain their listings. Regarding the future of privacy within the blockchain sector, Zolciak is of the opinion that it will become a standard attribute, coinciding with the rise of ZK-proofs. Additionally, he predicts that "killer applications" like decentralized finance applications with privacy features will spur the adoption of privacy within the sector. The full episode of Hashing It Out can be accessed on Spotify, Apple Podcasts or TuneIn, and don't forget to browse through Cointelegraph’s expanding range of Web3 podcasts. It's important to note that this article is meant for general information purposes and should not be construed as legal or investment advice. The author's perspectives expressed herein are personal and do not necessarily echo or represent the viewpoints and opinions of Cointelegraph.
Magazine Feature: Unstablecoins: The imminent threats of depegging, banking complications, and other potential risks.
Published At
2/29/2024 4:10:00 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.