Aftermath of JP Morgan and Citi data leak... Vitalik Buterin: "Privacy is not a feature, it's hygiene."

Source: DigitalToday Original Title: The Aftermath of JP Morgan and Citibank Data Breach…Vitalik Buterin “Privacy is not a feature, but hygiene.” Original Link: Ethereum(ETH) founder Vitalik Buterin emphasized the importance of privacy once again in light of the recent large-scale data breach incident involving major banks in the United States.

Major banks such as JPMorgan Chase, Citigroup, and Morgan Stanley have revealed vulnerabilities in the financial sector as customer information was leaked due to a cyber attack on mortgage technology firm SitusAMC(. Security experts have warned that storing large amounts of personal and corporate information in a single system is extremely dangerous.

This attack has exposed a large amount of sensitive corporate information, and a method was used to evade surveillance without cryptographic malware. As a result, there is an increasing voice warning about how dangerous it is to store large amounts of personal and corporate information on a single system.

Buterin emphasized the importance of privacy in light of the recent incident, stating that “privacy is a fundamental hygiene, not a choice.” He proposed utilizing stealth addresses ) stealth address ( and zero-knowledge proofs ) zk-SNARKs ( to enhance Ethereum's privacy. This would allow users to protect their personal information safely without needing to understand complex cryptography. The Ethereum Foundation ) EF ( has launched a privacy research team consisting of 47 engineers and researchers, and is developing a privacy-centered browser wallet 'Kohaku ) Kohaku ('.

Meanwhile, Bitcoin developers are also researching technologies that make transaction tracking more difficult through the Taproot) upgrade and enhanced wallet security. There is increasing interest from companies emphasizing privacy, and recently, a NASDAQ-listed company has made additional purchases of the privacy-centric cryptocurrency Zcash(ZEC), leading to a 469% increase in ZEC's price over the past month, attracting more attention from investors.