“Tornado [Cash] is dead, but privacy will not die, “said an ether enthusiast on X after the Oxbow Ethereum confidentiality tools were put online on April 1 to facilitate private life while dissociating illegal funds.
The feeling is taken up by the early absorption of confidentiality pools, which dealt with 238 user deposit transactions, totaling 67.49 ETH in the first three days. The new tool received a boost from the founder of Ethereum Vitalik Buterin, who was one of the first to deposit ETH.
These confidentiality pools exploit proofs and scheme for engagement of zero knowledge to facilitate ether deposits and subsequent withdrawals, in part or whole, while breaking the link between deposits and withdrawal addresses. Think about it as having a specialized bank account to send money while hiding your identity or how much money you have.
The architecture includes the contractual layer for the management of assets, the zero knowledge layer to guarantee confidentiality and the layer of association game provider which guarantees compliance by checking the funds.
The three layers work together to preserve confidentiality while selecting transactions for links with illicit actors such as pirates, phishers and crooks. Screening is dynamic, which means that a deposit is accepted but later found malicious, it can be deleted.
The confidentiality pools are non -guardians, guaranteeing users a total control over their funds, even allowing the depots rejected to hand over the funds to their original addresses.
Currently, the deposit limits are set between 0.1 ETH and 1 ETH, the promise to increase the same thing after the initial combat test period.
“This is only the start. 0xbow said on X.
