Ethereum has announced the implementation of a new identity verification system using zero-knowledge proofs for user privacy.
New Identification Methods in Ethereum
Ethereum is introducing cutting-edge identity verification technology based on zero-knowledge proofs. This approach allows users to confirm their authenticity without disclosing personal information such as names or addresses. Unique identification for each application lets users control what information they share and with whom.
Problems and Risks of a Single Identification
There are concerns that strict requirements for a single identification may exclude people without formal documents or those with more than one valid ID. There are also worries about the potential for surveillance and tracking by third parties. An alternative approach suggests allowing users to create multiple identifiers while introducing additional checks to prevent fake account creation.
Financial Performance of Ethereum
As of the current date, Ethereum (ETH) is trading at $2,439.01 USDT, showing a small increase of 0.14% for the day. Despite recent growth, ETH still reflects a 27.43% decrease over the last six months. Technical indicators suggest Ethereum is in a consolidation phase, creating uncertainty regarding future price levels. At the same time, increased interest from institutional investors is driven by significant capital inflows and activity at conferences.
Thus, Ethereum is not only developing a digital identity system but also raising important questions about how user privacy should be maintained while preserving freedom and protective initiatives.
