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a16z: Demand for Privacy Grows as Cryptocurrency Becomes More Mainstream
Summary: In a recent social media post, a16z crypto stated, "As cryptocurrency becomes more accepted by mainstream users, the demand for privacy is more urgent than ever before." Key privacy-related events mentioned include the formation of a new privacy team by the Ethereum Foundation and the launch of a privacy-centric decentralized wallet software development kit called ...
In a recent social media post, a16z crypto stated, "As cryptocurrency becomes more accepted by mainstream users, the demand for privacy is more urgent than ever before." Key privacy-related events mentioned include the formation of a new privacy team by the Ethereum Foundation and the launch of a privacy-centric decentralized wallet software development kit called Kohaku; Paxos partnering with Aleo to introduce the private and compliant stablecoin USAD; integration of the Zcash wallet Zashi with Near Intents to enable privacy-protected cross-chain exchanges; increasing developer activity for the zero-knowledge programming language Noir used in privacy applications; and the US Treasury Department's Office of Foreign Assets Control (OFAC) officially lifting sanctions on Tornado Cash, a decentralized privacy protocol previously blacklisted in 2022.
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Link: a16z: Demand for Privacy Grows as Cryptocurrency Becomes More Mainstream [Copy]
