It was launched on March 31, 2025 with the main network of Ethereum (ETH) Privacy Pool, a tool developed by 0xBow.io, an organization focused on the development of the distributed financial finance (DEFI) of this ecosystem.
The protocol, even during the testing stage, We provide privacy in the chain An elusive balance to previous solutions without sacrificing regulatory compliance. Privacy Pool is a project that draws inspiration from a 2023 research article written by Ethereum co-founder Vitalik Buterin and other experts.
After the announcement of the implementation of the privacy pool, Bugerin himself 1 ETH deposit This distributed platform (DAPP) demonstrates project support.
What is a Privacy Pool?
According to the document, Impcy Pools, which does not require KYC verification, is an intelligent contract-based protocol that allows users to perform private transactions on Ethereum, and is a Zero Knowledge Test (ZK, Zero knowledge proof). ZK technology makes it easier to perform operations that hide sensitive data, such as transaction IDs and amounts.
Simply put, this tool can hide user fund trails and break public trails. Unlike direct transfers between wallets, ETH deposited on a retreat cannot be easily connected.
Privacy Pool is intended to provide users with the potential Hide transaction historyessential for those who value confidentiality and financial privacy.
According to Ethereum developers who call themselves “Zak.Eth” and are also co-founder of 0xBow.io, the privacy pool is Compatible with regulatory and regulatory requirements International governments and organizations place platforms operating in cryptocurrency, particularly when it comes to preventing illegal activities such as money laundering, terrorist financing, and the use of stolen funds.
This does not mean that Pivassypur will comply with a specific list of predefined laws, as regulations vary from country to country and there are no unified global standards, but is designed to mitigate the risks that regulators normally relate to regulators. Avoid mixing legitimate funds With people who are involved in illegal activities such as Hackeos and fraud.
Cryptootics tested this but Dapp, The minimum amount to send funds is 0.1 ETHIt currently amounts to about $200. This is a high threshold, especially for users who want to experiment with new users and systems only, in early adoption contexts. You can also send standard ERC-20 tokens. The maximum amount per operation is 1 ETH.
And how do I make the pool work in Ethereum?
Privacy Pool operations require that you have a compatible wallet, such as MetaMask or Wallet Connet, and the protocol works on the Ethereum main network or the second tier network (L2) GNOSIS. Additionally, you will need to ingest sufficient funds in ether or token ERC-20, as well as covering the minimum deposit. It can also withstand gas rates. this Dapp It works from a Chrome-like navigator, Firefox Brave.
Once the deposit is complete, the wallet will sign the operation and ask you to pay the gas fee. After checking on the chain, the privacy pool introduces the numbers to its behavior, «Association Set Provider» (ASP, or Spanish Society set), its components Evaluate the funds before integrating the fund into the system.
It’s different from the others Dapp As Tornado Cash, who faced sanctions for failing to filter suspicious funds, if the funds analyzed by the ASP are not related to illegal activities, they are integrated into anonymity as a whole intelligent contract. This process can be boring as this assessment can take up to 7 days.
Otherwise, the user can recover his establishment through the called function «ragequit»always maintain control over assets, as explained in the privacy pool document. Resignation follows an equally structured process.
Not everything is rosy
The aspect that generates the question is the opacity about the ASP operator. The official protocol page explains: “ASP is a critical layer of compliance. Controls the deposits that can be removed Personally at Privacy Pool. It maintains a set of approved labels, provides the data needed for cryptographic tag testing, and serves as a bridge between privacy and regulatory requirements. ”
In response to X’s thread question about who manages the ASP, Zak.Eth pointed out: “I don’t want to talk to you from the location.”labeling the CEO of oxbow.io’s CEO (x “nattyfried”) with the same comment, and “ensures that others will soon have official communication.” Therefore, we have left behind specific details that could affect the perception of project transparency.
Another drawback of the ASP evaluation process is that, according to information shared by Vitalik Butinein, It may take up to 7 days. During this time, funds remain in the system, but no personal withdrawals are available until they are approved and integrated into an anonymous set. If the confirmation does not pass, the user can recover them «ragequit». This period of time that seeks to ensure regulatory compliance introduces latency times that may vary depending on the complexity of the analysis.
Meanwhile, among the potential benefits of privacy pools, Zak.Eth emphasizes opening up a range of new possibilities for applications. Verifiable donations or as an anonymous vote on DAO Airdrop Privatewhich could drive adoption in the Ethereum ecosystem.
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