Ethereum co-founder Vitalik Buterin has introduced a new strategy to enhance user privacy on the Ethereum network without major changes to its core infrastructure. In an April 11 post, he outlined ways for wallets and developers to integrate privacy tools like Railgun and privacy pools directly into existing wallets, aiming to make privacy features standard for transactions. This roadmap suggests adopting FOCIL and technical upgrades like EIP-7701 to enhance privacy protocols such as Tornado Cash and Railgun, minimizing reliance on centralized relayers. Users are encouraged to use different wallet addresses for diverse applications, bolstering their privacy and reducing links between activities.
This approach can be implemented without altering Ethereum’s base layer, making adoption easier, although it may impact user experience and delay implementation. This proposal comes amid a challenging market environment for Ethereum, which is trading at around $1,547 after a 20% drop in the past two weeks. The decline is exacerbated by a 45% decrease in Q1 and a 77% drop against Bitcoin since December 2021.
A Santiment analyst highlights that Ethereum’s constantly evolving roadmap makes it complex for average investors, who are witnessing sluggish growth amid increased competition from simpler blockchains. Meanwhile, the recent integration of Taiko tokens on Revolut provides a glimpse into how developers are seeking to navigate these challenges and improve scalability. The Taiko project seeks to enhance security and expand functionality through its “based rollup” architecture.
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