Core Argument - The primary purpose of blockchains is consensus without central trust, not transparency, which was initially a defense against accusations of criminal activity [1] - Public verifiability, achieved through consensus, is the key aspect of blockchains, eliminating the need for intermediaries like banks [1] - Transparency should not be considered a core feature of blockchains except in specific performance-oriented cases [1] Technological Evolution - Early blockchain technology required full transparency to achieve public verifiability [1] - Zero-Knowledge (ZK) technology now enables verification without exposing all data, evolving beyond the need for complete transparency [1] Future Perspective - The focus of crypto and blockchains should be on verifiability and distributed trust, which no longer necessitates transparency in 2025 [1]
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mert | helius.devยท2025-10-24 17:36