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To this day, privacy arguably remains the fatal flaw of the most popular blockchain networks.<\/p>\n
Both Bitcoin and Ethereum use fully transparent public ledgers to store their transactions. While technically anonymous, careful digging can allow external parties \u2013 including governments \u2013 to uncover the identity of any number of parties behind an address or set of transactions.<\/p>\n
For the more privacy-focused blockchains and protocols, authorities have mostly banned centralized exchanges from listing them or sanctioned them in the West, limiting onramps to crypto privacy-preserving technology. As such, a persistent problem for developers has been striking a balance between privacy tech and realistic adoption.<\/p>\n
In conversation with CryptoPotato<\/em> at EthCC Paris, Adrian Brink \u2013 co-founder of Anoma and Namada \u2013 explained how he and his team navigate these issues using both the Anoma protocol and Namada blockchain. During the interview, Brink digs into Anoma\u2019s focus on \u201cintent\u201d centric blockchains, Namada\u2019s use of \u201casset agnostic proof of stake,\u201d and why Layer 2\u2019s are, in fact, not<\/em> the future of privacy and scaling.<\/p>\n <\/a><\/p>\n Namada<\/a> is paving the way for a multi-chain privacy feature. In simple terms, it ensures privacy isn\u2019t tied to a specific asset.<\/p>\n \u201cImagine you have a CryptoPunk that you want to move around. Right now, there\u2019s no privacy solution for this, but with Namada, it inherits the privacy set from all daily USDT privacy transactions,\u201d said Brink.<\/p>\n<\/blockquote>\n He emphasized the fundamental importance of privacy in the crypto space, noting:<\/p>\n \u00a0\u201cI think privacy is fundamental. If this space isn\u2019t going to become private, the space goes away.\u201d<\/p>\n<\/blockquote>\n At the same time, Anoma<\/a> is the first intent-centric (blockchain) architecture, where intents are the most fundamental primitive. Anoma\u2019s intent-centricity provides novel properties for applications, including end-to-end decentralization, information flow control (being able to specify who sees what), decentralized counterparty discovery, and configurable settlement (being able to decide your security domain for settlement.<\/p>\n Less security, higher throughput for things that don\u2019t need financial level security), configurable ordering, and fully programmable intents.<\/p>\n When questioned about compliance with diverse global regulations, Brink reassured that Namada is fully regulatory compliant. He highlighted the flexibility it provides to users in revealing their data, based on their jurisdictional requirements.<\/p>\n \u201cUsers can decide what kind of information they want to reveal to whom,\u201d Brink explained.<\/p>\n<\/blockquote>\n He emphasized that a universal standard for global regulations isn\u2019t feasible, and the approach adopted by Zcash<\/a>, from which Namada is an extension, is a testament to the importance of understanding and working with regulators.<\/p>\n Reflecting on his journey since 2016, Brink recalled his entry into the blockchain sphere, emphasizing his belief in a multichain system.<\/p>\n \u201cI\u2019m fundamentally a believer in the multichain. This is like there won\u2019t be one chain to rule them all,\u201d he shared.<\/p>\n<\/blockquote>\n Discussing the industry\u2019s evolution, Brink noted that during market lows, there\u2019s a focus on research, while during highs, the spotlight shifts to trends like NFTs.<\/p>\n Addressing the challenges faced by privacy-oriented protocols, Brink asserted that the industry is still in its infancy when it comes to privacy tech. He believes that it will take another one to two years to see top-notch production quality in privacy solutions.<\/p>\n He encouraged a focus on regulatory education, emphasizing that privacy tech is not against governments but is a fundamental tool for national defense.<\/p>\n As for the future of Anoma and Namada, Brink revealed that Namada\u2019s mainnet will launch soon, describing it as \u201cthe single best privacy solution in the space at the launch.\u201d<\/p>\n Highlighting the industry\u2019s future direction, Brink predicted that everything will become an L1, emphasizing the importance of intents for decentralized systems.<\/p>\n \u201cThere\u2019s no way around intents and L1s. This is going to enable user flows that are just not possible right now,\u201d Brink opined.<\/p>\n<\/blockquote>\n He ended on the note of ZK tech being the next big wave, with the first consumer applications revolving around censorship-resistant cash.<\/p>\nAnoma and Namada in Simple Words<\/h2>\n
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Regulatory Compliance: Striking a Balance<\/h2>\n
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ZK Tech: The Next Big Wave?<\/h2>\n
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