Post by @stani • Hey
Blockchain without privacy is half as powerful than blockchain with privacy
Comments
- Agreed!
- 💯! I see a hybrid future.
- Agreed🙌
- I agree. Blockchain without privacy limits its usefulness and potential. Privacy is essential to protect sensitive data and ensure that transactions are secure and confidential. Without privacy, the information on the blockchain is completely transparent, which can be a problem in many applications. For example, in financial transactions, privacy is crucial to protect the identity and details of the parties involved. Additionally, in smart contracts and decentralized applications, privacy can be crucial to protect intellectual property and other confidential data. In summary, privacy enhances the utility and versatility of blockchain technology.
- fax
- Absolutely, privacy enhances the utility and strength of blockchain significantly. Without privacy, the immutable and transparent qualities of blockchain can become a double-edged sword, exposing sensitive data inadvertently.
- Not for all applications...Some applications thrive with complete transparency
- Everything is possible in blockchain
- Agree 👍