Digital Anonymity in Decentralized Environment

초록

Privacy has become a huge point of contention in recent days with tech organizations, such as Google and Facebook, which make a great deal of revenue from monetizing user data, coming into conflict with regulatory bodies such as the European Data Protection Board. So, there may be two research questions that can be raised in terms of privacy and user experience. First, what are the tradeoffs when using efficient and integrated centralized systems in exchange for giving up vast amounts of personal information? Second, how does this apply to cryptocurrencies and blockchains? In blockchains, each person has a set of identities with which they interact with the blockchain. This means that a user’s privacy will be reduced if their virtual identities can be linked to their real one. Hence, one can increase their privacy through anonymity, masking their identity; can gain access to some service while minimizing how much information they reveal about their real identity. © 2022 by World Scientific Publishing Co. Pte. Ltd.

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