❓Onchain Privacy

Why do we need privacy?

On public blockchains, all transactions and account balances are publicly visible. Anyone with your wallet address can view your entire transaction history, see where your funds come from, and monitor your current holdings in real time.

This level of transparency can present privacy risks for users. Onchain privacy allows individuals to protect sensitive financial information, conduct private transactions, and maintain confidentiality over account balances and activity.

Typical use cases for onchain privacy

• Everyday purchases: Keeping transaction details and spending habits private.

• Transferring assets to others: Onboarding new users or sharing funds without exposing your own history.

• Private trading: Buying and sell tokens privately and avoiding front running.

• Private donations: Contributing to causes or organizations discreetly.

• General financial privacy: Preventing unwanted analysis or surveillance of your financial activity.

Onchain privacy provides users with greater control over their financial information in an open blockchain environment.