Does Financial Privacy Have to Mean Hiding Everything?
Does financial privacy really mean that nobody should be able to see anything?
I used to think about blockchain privacy in almost those terms: a transaction was either public or hidden. Looking into @DuskFoundation made me question whether regulated finance needs a more flexible approach.
Dusk supports two transaction models. Moonlight provides transparent public accounts, while Phoenix supports confidential shielded transfers using zero-knowledge proofs. What interested me was not simply having two models, but the reason different levels of visibility might matter.
Not every financial activity has the same information requirements. Some transactions may need to remain confidential from the wider public, while certain information may still need to be available to authorized parties. Dusk’s documentation explains that Phoenix users can selectively reveal information through viewing keys where regulation or auditing requires it.
That changed how I think about blockchain privacy.
Perhaps the goal is not maximum secrecy or maximum transparency. It is being able to decide what should be public, what should remain confidential, and what may need controlled disclosure.
For me, that balance is one of the more interesting ideas behind Dusk’s approach to regulated onchain finance.
@Dusk_Foundation $DUSK #dusk
Does financial privacy really mean that nobody should be able to see anything?
I used to think about blockchain privacy in almost those terms: a transaction was either public or hidden. Looking into @DuskFoundation made me question whether regulated finance needs a more flexible approach.
Dusk supports two transaction models. Moonlight provides transparent public accounts, while Phoenix supports confidential shielded transfers using zero-knowledge proofs. What interested me was not simply having two models, but the reason different levels of visibility might matter.
Not every financial activity has the same information requirements. Some transactions may need to remain confidential from the wider public, while certain information may still need to be available to authorized parties. Dusk’s documentation explains that Phoenix users can selectively reveal information through viewing keys where regulation or auditing requires it.
That changed how I think about blockchain privacy.
Perhaps the goal is not maximum secrecy or maximum transparency. It is being able to decide what should be public, what should remain confidential, and what may need controlled disclosure.
For me, that balance is one of the more interesting ideas behind Dusk’s approach to regulated onchain finance.
@Dusk_Foundation $DUSK #dusk