Insightful
Insightful|Mar 02, 2025 02:13
Privacy is a right not a privilege, especially in the Web3 space Imagine there was a "ghost layer" that sits between Layer 1 and Layer 2 blockchains with private and compliant transactions https://x.com/silentdao_/status/1880429379853176941 @silentdao is building this How you can qualify for their future airdrop: The OGP points/ Airdrop A key part of their progress is a "gamified trusted setup ceremony" called the Disjunction of Spirits Participating = your an early adopter = you get OGP points = future airdrop for you This event will generate important cryptographic keys using zkSnarks in prep of the Silent Protocol's mainnet Silent Protocol has also raised 5M from notable VCs such as Mechanism Capital, Sora Ventures, as well as angels such as Santiago Santos and Ryan Selkis You can get started by going to https://ceremony.silentprotocol.org/?ref=1246515373370945543 Connect/sign in via your twitter/X account Wait for your spot in the que Participate in the ceremony Receive points for early registration = eligible for a future airdrop + unlock your ref code to share with others ____________________________________________ The future of the Privacy landscape in Web3 Tornado cash Dev being put in jail for releasing open source code --> complete legal reversal https://x.com/L0laL33tz/status/1870064859661926835 https://x.com/L0laL33tz/status/1861549486637560241 Clearer regulatory frameworks under Trump = more institutional activity More incoming institutions = more demand for privacy solutions To prevent copytrading and keep their investment strategies under wraps, fund managers will want to conceal their onchain trading actions The current problem with Privacy solutions Existing privacy-preserving frameworks face "State Denial where private data isolation prevents interoperability and composability between applications Users must choose between privacy or ecosystem-wide composability The @silentdao_ : Implementation of EZEE (Economical Zero-Knowledge Execution Environment) framework enabling composable privacy, overcoming "State Denial" by decoupling encryption from execution What It Does: Adds privacy to public blockchains without sacrificing decentralization Features/use cases 0dapps: Dapps within the execution layer, enabling users to privately interact with various end contracts Ex: MakerDAO, AAVE, Cowswap NFT marketplaces, cross-chain swaps, and perps trading while retaining privacy Create secondary accounts for interacting with public smart contracts while preserving anonymity
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