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New Framework Balances Blockchain Privacy and Compliance

/ 1 min read

🕵️‍♂️✨ New framework proposes balance between blockchain privacy and regulatory compliance. The paper introduces Selective De-Anonymization (SeDe), a framework designed to enhance privacy-preserving features on public blockchains while addressing compliance concerns. By utilizing threshold encryption schemes and Zero-Knowledge Proofs (ZKPs), SeDe allows for the de-anonymization of illicit transactions through a distributed approach, preventing control from resting with a single entity. This method aims to encourage the use of privacy-preserving applications by mitigating the risks associated with malicious actors who exploit anonymity for illicit activities. The framework seeks to foster a safer environment for honest users while maintaining regulatory standards in the blockchain ecosystem.

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