In the world of cryptocurrency where ideas churn around like a boiling pot, the topic of privacy is certainly one of the hot ones. The need for financial privacy has been demonstrated time and time again, and many cryptocurrencies today make it their main focus. On the flip side, with total privacy, accountability becomes a seemingly impossible task. Giving people the privacy they need and still maintaining some form of accountability is a difficult trade-off. The blockchain project æternity (Crypto: AE) is leading the field with creative solutions to this challenge.
The primacy of privacy
Privacy is often misunderstood in our society. We tend to focus on the concept of hiding something, instead of the real purpose, which is to protect. In order to conduct business and interact with other people, we must give them information about us. How much information we reveal and to whom is the critical question. Anyone can be trusted to a small extent, but practically no one can be trusted completely. Privacy is simply the practice of managing…
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