CDS Crypto News Chainsafe and Aztec Network Integration – 2023
Crypto News

Chainsafe and Aztec Network Integration – 2023

494
Chainsafe And Aztec Network Integration
Chainsafe and Aztec Network Integration

It is aimed to solve Ethereum Name Service privacy problems with Chainsafe and Aztec Network integration

Chainsafe’s Suggestion 

Chainsafe Solutions proposed the Ethereum Name Service (ENS) DAO weekly meeting in December 2022. This proposal covered ENS privacy issues, which is one of Chainsafe‘s main concerns. In addition, the proposal to the presentation included exactly how this important issue should be addressed and how it should be resolved.

Solution

Chainsafe Solutions actively follows the policy to create a common solution with all the knowledge and experience it has gained about ENS privacy problems. In addition, the company is constantly working on research and development in this regard. The ultimate goal behind all of Chainsafe’s activities is to provide substantial support to the connected communities to drive innovation even further. 

The proposal by Chainsafe Solutions outlines a plan for ENS to merge with Aztec Network to resolve received disconnection for receiving and sending addresses. 

Ethereum Name Service

Ethereum Name Service (ENS) is a protocol created on Ethereum, which is a distributed, open and extensible naming system. Names in ENS are an Ethereum address that can be announced and transferred to raise funds. Additionally, there is the issue of being able to merge social media accounts into a single name.

ENS on Social Media

In light of all this information, at first, it seems useful for users to publish their ENS on social media, but this turns into the opposite due to the privacy problem that comes with it. Therefore, according to Chainsafe Solutions, the problem is the need for an easy way to share an address in such a way that a user’s transactions on the chain will not be tracked. It recommends establishing a connection between ENS and Aztec Network to solve this problem.

Aztec Network’s Solution

Aztec Network offers completely private Ethereum transactions based on krollups. It also depends on the PLONK proving mechanism.

According to team, this merging is a factor that can properly solve all problems. In addition, the integration is in line with ENS’s goal of solving privacy issues and facilitating them for a better user experience.

SOURCE

VISIT OUR OTHER BLOGS: ALL NEWS

Written by
Burak DANACI

The author focused on financial markets after graduating from Anadolu University, Department of Economics. After meeting with blockchain technology in 2019, he produces content on youtube and twitter in this field.

Leave a comment

Leave a Reply

Related Articles

ESTC Stock – Elastic Stock Experiences 25% Surge After Strong Earnings Report

Elastic reported strong Q2 FY2025 earnings with $365 million in revenue, a...

XRP News – XRP Surges to 3-Year High Amid SEC News: What’s Next for Ripple?

XRP has surged to a three-year high following news of SEC Chairman...

Crypto Predictions 2025: Why Qubetics and Solana Are Set to Explode

The cryptocurrency market in 2025 offers immense growth potential, with top projects...