Crypto market leaders support Vitalik’s Privacy Pools protocol, believing it is a better alternative to Tornado Cash.

After an article was released introducing a regulatory-friendly protocol on Ethereum called Privacy Pools Co-authored by Ethereum founder Vitalik Buterin, it has recently received support from key figures in the crypto industry, including the founders of Coinbase, Metamask, and Messari.

The Privacy Pools protocol will allow users to demonstrate that their funds do not come from illicit sources. without being forced to reveal the entire transaction history of those funds The protocol is designed as an alternative to the Tornado Cash protocol, whose founder has been charged with money laundering and sanctions violations.

“Privacy Pools have the potential to be the most important tool in addressing regulatory challenges. while maintaining privacy on a public blockchain.” said Fred Ehrsam, co-founder of Coinbase and Paradigm on X, and this message was reposted by Brian Armstrong, co-founder and CEO of Coinbase.

MetaMask co-founder Dan Finlay also offered to help fund the MetaMask Grants DAO, saying “this may be the shortest path to supporting privacy wallets for the broadest range of users.”

Messari co-founder Ryan Selkis alsoPoston X by calling it “This is the news of the year.”

refer : theblock

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