“The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead on innovation and further growth…”
— Tom Emmer, U.S. Congressman
The Big Block
Privacy is a theme deeply embedded in the crypto ecosystem. The original cypherpunks believed privacy is a natural right for society, especially in the age of the internet. In fact, in the now famous “A Cypherpunk’s Manifesto,” Eric Hughes stated “Privacy is necessary for an open society in the electronic age,” and that “We must defend our own privacy if we expect to have any.”
In the bitcoin whitepaper, Satoshi Nakamoto dedicated a whole section to privacy. In the early growth stages of bitcoin, the topic has not received as much attention as perhaps it should. Fortunately, privacy has gotten a lot more attention from the core developers with the introduction of many promising privacy-enhancing solutions. With renewed focus, we felt it is time to examine privacy coins and whether or not they are an important class in the crypto ecosystem.
Read More on The Block (3 Minutes)
Around The Block
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