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Author Topic: Privacy on the blockchain....a necessity?  (Read 1712 times)

OluwaTosin10

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Re: Privacy on the blockchain....a necessity?
« Reply #15 on: May 02, 2019, 04:12:15 PM »
There should be 100% privacy and not less. Otherwise what is the sense to choose Blockchain. I want my transactions be absolutely confidential.

I would say the privacy is more of a hype
There are new mining projects almost each day; the only hype veil has is because it’s a self funded start up platform

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obromis

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Re: Privacy on the blockchain....a necessity?
« Reply #16 on: May 03, 2019, 10:32:37 PM »
Privacy on blockchain is a rly necessity

Valentyzer

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Re: Privacy on the blockchain....a necessity?
« Reply #17 on: May 04, 2019, 02:08:37 PM »
I quite agree with you but not totally, wallets been traceable doesn't in any way give an edge to hackers, individual security mindedness or awareness  is needed to keep our wallets safe from hackers, blockchain protect our identity from been revealed.  There are many known whale wallets that house millions of crypto assets but still didn't get hacked.
We still needs the absolute privacy and anonymity for our transactions and I love what the privacy coins like veil project mentioned above are doing by offering us the opportunity to be 100% anonymous in our day to day transactions.

Jayde

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Re: Privacy on the blockchain....a necessity?
« Reply #18 on: May 04, 2019, 03:58:52 PM »
The privacy has two sides of effect, the first is it’s can secure our information but it’s also help the money laundering criminal
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Heleon

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Re: Privacy on the blockchain....a necessity?
« Reply #19 on: May 06, 2019, 09:55:01 AM »
I guess the whole point is all about Veil
The solution you are trying to provide is good but privacy in transaction has got nothing to do with hacking,with good wallet your asset will be safe.
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Siffi

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Re: Privacy on the blockchain....a necessity?
« Reply #20 on: May 06, 2019, 10:40:03 AM »
yes I think if we store assets or tokens in a good wallet and one more security is also very important to be well maintained, so that our assets and tokens will not be easily stolen

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dentolas

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Re: Privacy on the blockchain....a necessity?
« Reply #21 on: May 08, 2019, 10:08:19 PM »
more than the practical side you describe, for me, privacy is a matter of freedom... you should have the possibility to choose what remains private and what doesn't.
People often speak about "having something to hide", so would anyone make public all their paswords? will everyone take out their window drapes?
Privacy is being dissolved with digitalization and people don't even realise it
Veil is also one of my favourites... they also have auditability as the basecoin is not private and you can choose the privacy level you want. this will be very important for adoption...
Beam is also a top contender

Cicihorlhorla

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Re: Privacy on the blockchain....a necessity?
« Reply #22 on: May 09, 2019, 06:08:50 PM »
The biggest problem with cryptocurrency is security. One of the biggest reasons for this is that centralized exchanges and central transfer transactions are possible. Blockchain technology, in fact, needs to establish a decentralized system. This means that all user data is not stored in a single repository, we need untraceable blocks.

Emrh1

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Re: Privacy on the blockchain....a necessity?
« Reply #23 on: May 10, 2019, 10:14:25 PM »
Veil a privacy coin you may be wondering what veil has got to offer .Veil would make privacy without compromise a reality. This it tend to achieve using some cutting edge technologies, some of which are zercoin protocol , dandelion and bulletproofs technology which is adopted to help reduce transaction sizes.  the Veil network will implement a Proof-of-Stake (PoS) consensus algorithm to ensure maximum energy effectiveness and decentralization.

olliecrypto

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Re: Privacy on the blockchain....a necessity?
« Reply #24 on: May 10, 2019, 11:44:01 PM »
i think you might be overstating the danger of addresses being known.
updates within btc have made one time address usage also possible.
there are millions if not billions of dollars of btc sitting on known wallets and yet no one has touched them
i think hiding transaction history would be important to people hiding their btc activities from tax authorities mostly
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Adaora

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Re: Privacy on the blockchain....a necessity?
« Reply #25 on: May 11, 2019, 01:01:11 PM »
Privacy on blockchain technology is a very big necessity. That's the only area where the technology is lagging. Of recent, there came the emergence of privacy coins to revamp the privacy and security in terms of transactions. Thus led to the introduction and development of Veil project. Veil project is a project with its own very active coin #Veil Coin. Which gives transactions on the platform a 100% Annomnity and secured.

Holayiwola

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Re: Privacy on the blockchain....a necessity?
« Reply #26 on: May 11, 2019, 07:33:25 PM »
Of course, considering the fact that businesses may have trade secrets or a list of clients and suppliers they want hidden. As a user, a safety concern arises as hackers could easily find and target large holders.   Well, Veil seems to be the best privacy coin so far...

yaelahwall

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Re: Privacy on the blockchain....a necessity?
« Reply #27 on: May 11, 2019, 08:41:31 PM »
Blockchain lies at the core of the digital/ virtual financial system. It is a mode of recording the transactions, but in a better and easier manner. Every transaction made using cryptography are recorded on the blockchain.When blockchain technology eliminates every chance of tampering transaction information, cuts third party involvement and gives a legitimate record. It is the need of future.
VEIL Coin was conceived in early 2018 by James Burden, for the project was recognition of the need for a currency that provided full-time privacy without compromising strength of anonymity.

RainyRiver1805

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Re: Privacy on the blockchain....a necessity?
« Reply #28 on: May 12, 2019, 03:30:07 AM »
True privacy and security can only be ensured by private coins - for example, Securypto.  Now the trend is beginning on private coins - and it is important not to miss this trend.

Exactly. I would also add Datum to this list.

Chikky08

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Re: Privacy on the blockchain....a necessity?
« Reply #29 on: May 12, 2019, 11:25:10 AM »
As blockchain is turning to Darling of all, Tue best needed is users privacy. This is the reason why privacy coins like veil are more needed.

 

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