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Manta co-founder: Tornado Cash ban could spell disaster for other privacy protocols

Author:

Block

Time:8/17/2022 12:30:37 PM

[Manta co-founder: Tornado Cash ban may bring disaster to other privacy agreements] News on August 17, recently, Shumo Chu, co-founder of the privacy protection agreement Manta Network, said in an interview that the US government’s ban on Tornado Cash Tough sanctions could have knock-on effects on every Web3 protocol, including the Privacy Shield protocol. Tornado Cash (TORN) is an Ethereum (ETH) privacy protocol that anonymizes coin transactions. These protocols, similar to Monero (XMR) and Zcash (ZEC), shield the sender and receiver data of encrypted transactions.

Earlier this month, the U.S. Treasury Department banned U.S. residents from using the protocol, adding 44 ETH and USDC addresses associated with it to the list of Specially Designated Nationals on Aug. 5. (Cointelegraph)

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