New Ethereum Privacy Tool Aims for Legal On-Chain Privacy, With Vitalik Buterin’s Support

0xbow has launched Privacy Pools, a new blockchain tool designed to offer Ethereum users on-chain privacy while complying with legal regulations. The initiative utilizes zero-knowledge proofs to enable private ERC-20 token transfers and screens deposits to prevent illicit funds from entering the system. Vitalik Buterin, Ethereum co-founder and key contributor to Privacy Pools’ research, has publicly supported the project, and he was among the first to deposit ETH into the pool.