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Buterin Urges Ethereum to Embrace Privacy for Real-World Financial Use Cases

  • Vitalik Buterin emphasizes Ethereum's need to enhance privacy features for real-world financial use cases.
  • Countries like Norway and Sweden are reverting to cash due to concerns over centralized systems' fragility.
  • Buterin suggests incorporating privacy features directly into Ethereum, such as Railgun and Privacy Pools, to ensure transactions from shielded balances by default.
  • This proposal aims to make on-chain payments private, anonymize network activity, protect data reading from the chain, and improve consensus through Verifiable Delay Functions.

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