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Why Privacy

Privacy is normal.
Your bank transfers, credit card payments, and other fiscal transactions are private between you and the recipient. Unless someone has your bank information, they aren't able to see any of the records of those transactions.
On a blockchain all transactions and details are public. While wallet addresses provide pseudonymity, there is no true anonymity. If someone knows your wallet address, they can see every transaction that you've ever made and who you have interacted with, as well as your balance.
We believe in an inherent right to privacy, especially about financial transactions. Currently, there are a few ways to achieve privacy on chain:
Privacy Method
Centralized Exchanges
  • Generally good actors
  • Easy on/off ramps
  • Exchange knows your activity
  • Not always getting the best price
  • High fees
Privacy Chains
  • Built in security
  • Censorship resistant
  • Currency volatility
  • Scalability issues
  • Regulatory concerns
  • Protected from targeted attacks
  • Decentralized (mostly)
  • Regulatory concerns
  • Trust issues with centralized mixers
  • High fees
  • Bad actors
Stealth Addresses
  • No address reuse
  • Protects senders and receivers
  • Safeguarded against targeted attacks
  • Complicated UX
  • Not compatible with existing wallets
Private Smart Contract Chains
  • General purpose blockchains
  • Unproven technology, timelines have slipped by years
  • Large security surface area