Cryptocurrency was created as a means for free and fair transactions, but in 2025, its fairness for the average user is questioned.
Cryptocurrency and MEV Bots
Loring Harkness of Shutter Network points out that MEV bots and other actors in the crypto industry can threaten average users, making cryptocurrency less secure. MEV attacks have become widespread, notably in decentralized finance sectors, as evidenced by significant Ether and other cryptocurrency losses. 'Encrypting transactions before they enter the mempool helps protect users and prevents manipulation by MEV bots,' Harkness said.
Cryptocurrency as a Tool for Freedom
Before working on Shutter, Harkness was in Myanmar, where cryptocurrency became a crucial tool during the crisis caused by a military coup. The military utilized the banking system to suppress protests, but cryptocurrency offered hope for financial independence, allowing citizens to safeguard savings and freely move funds.
User Protection through Encryption
Shutter Network implements encryption methods to enhance user security and privacy. This not only prevents theft but also protects against manipulation in DAO voting processes, raising issues of fairness and safety.
In 2025, despite its initial mission, cryptocurrency faces challenges of fairness and security. However, networks like Shutter are working to reclaim the original spirit of freedom in cryptocurrencies.
