The Most Crazy Privacy Agreement in History! Privacy Cash Makes Solana Transactions Go Incognito!
In simple terms, a new tool called "Privacy Cash" has just been released on the Solana chain. What it does is similar to the "red envelopes" in WeChat — when you send money to someone, the recipient only knows they received money, but they cannot trace where the money originally came from, thus protecting your payment privacy.
It emphasizes two points:
It is very "clean": It publicly states that it complies with international regulatory requirements (OFAC), meaning it welcomes normal users and does not welcome money-laundering hackers. This seems to learn from the lessons of its predecessor Tornado Cash, which was banned due to abuse by bad actors, and aims for long-term sustainability.
It is very popular: According to the latest data, over 5,000 SOL have already been privately transferred through it right after it went live, indicating the real market demand and initial popularity.
Personal Opinion and Case from Old Jin:
In my view, privacy has always been a necessity for users in the blockchain world; no one wants their wallet balance and every transaction to be completely visible to everyone. The emergence of Privacy Cash precisely addresses this pain point.
For example: If you transfer some money to your friend for dinner or send some living expenses to your family, you definitely wouldn’t want all your neighbors to see how much you transferred and to whom on the community bulletin board. Privacy Cash is like putting this transaction in an opaque envelope, where only the sender and receiver know the specifics, and outsiders cannot pry. This kind of "selective transparency" is the truly healthy and attractive financial experience. As long as it adheres to compliance and avoids going astray, its potential is quite significant.
Solving the basic transfer privacy is just the first step. Will Privacy Cash expand this privacy protection capability to more complex scenarios like NFT transactions and DeFi lending in the future? That is what we are most looking forward to. What do you think? Please follow me (Blockchain Gold) for continuous wealth creation and innovation! #币安HODLer空投DOLO
