Vitalik’s Privacy Plan: Will It Save Ethereum or Just Make Us All More Confused?

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  • Ethereum’s co-founder advocated for more privacy features at the app and overall network levels
  • Update didn’t spark significant speculative interest in the altcoin

In a world where privacy is as rare as a unicorn at a blockchain conference, Vitalik Buterin has decided to grace us with a new Ethereum [ETH] privacy roadmap. Yes, folks, it’s time to enhance user safety and anonymity—because who doesn’t want to hide their financial misadventures? 🦄💸

According to our favorite crypto wizard, the approach will be ‘light’ on Ethereum L1 design changes. I mean, who needs major overhauls when you can just sprinkle a little privacy magic dust? For starters, he’s championing wallet integration with privacy protocols that hide transaction details like Railgun and Privacy Pools. Sounds fancy, right? But let’s be real, it’s just a way to make our financial blunders less visible to the world.

“Wallets should have a notion of a shielded balance, and when you send to someone else, there should be a ‘send from shielded balance’ option, ideally turned on by default.”

But wait, there’s more! He’s also advocating for further privacy features at the application and network levels. Because if there’s one thing we need, it’s more ways to hide our transactions from nosy neighbors. Buterin believes that when fully adopted, this approach would ensure that,

“Privacy of onchain payments, partial anonymization of onchain activity inside applications, privacy of reads to the chain, ie. RPC calls and network-level anonymization.”

Now, let’s talk upgrades. The ecosystem has a pending Pectra upgrade under testnet. Another one, Fusaka, is scheduled to follow. Because what’s better than one upgrade? Two upgrades! 🎉

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In 2025, ETH’s OI has dropped by 50% from over $31 billion to $16 billion. That’s right, folks, muted demand in the derivatives market is the new black. And let’s not even get started on the overall bearish sentiment.

On the price chart, however, the altcoin was valued at $1.5k and formed a bullish RSI divergence on the 12-hour chart. In most cases, such a formation often leads to an upward price reversal. But with the current macro uncertainty, who knows? It’s like trying to predict the weather in April—good luck with that! ☔️

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2025-04-11 23:06