Privacy

Privacy in Web3 refers to the protection of user data and transactions from unauthorized access, tracking, and disclosure. Unlike traditional centralized systems, Web3 leverages cryptographic techniques such as Zero-Knowledge Proofs (ZKP), MPC (Multi-Party Computation), and Ring Signatures to ensure privacy without compromising security. Privacy in Web3 includes transaction obfuscation, decentralized personal data management, and censorship resistance. It is crucial for DeFi, DAOs, and decentralized social networks, enabling users to maintain anonymity and control over their digital footprint.