How does Ethereum ensure the anonymity of transactions?

Ethereum is a smart contract platform based on blockchain technology that allows developers to build decentralized applications on it. Unlike Bitcoin, Ethereum is not just a digital currency, but a platform that enables anyone in the world to build their own decentralized applications through smart contracts. However, as people increasingly use Ethereum for transactions, privacy and anonymity become an important issue. How to ensure the anonymity of Ethereum transactions has become a hot topic.

First of all, Ethereum is a distributed ledger system that stores all transaction data. Each node maintains a complete copy of the ledger, which means that anyone can view other people’s transaction records through the public ledger. However, each account also has a public key address and a private key address, which can be encrypted through the private key address to ensure the privacy and security of transactions. When a transaction is made, Ethereum generates a new unique address as the transaction sender and recipient. This makes it more difficult to link transaction records to actual identities.

Secondly, on Ethereum, privacy protection has become a hot topic among developers. Currently, there are many Ethereum wallets that support anonymous transactions, such as MyEtherWallet and MetaMask. These wallets can use the technology of privacy coins such as Zcash and Monero to protect the private information of transactions. The currency mixing function added to these wallets mixes the transaction data of different users, making it impossible for anyone to trace the real sender and receiver of the transaction.

Finally, there is a protocol called ZK-SNARK on Ethereum that can be used to ensure anonymity and privacy. The protocol allows for encryption and verification so that transactions are not actually tied to a specific person. This technology is resistant to attacks and theft, and prevents attackers from tampering with transactions and gaining improper benefits.

In general, there are many ways to ensure the anonymity of transactions in Ethereum. With the continuous advancement of technology, we can also expect more privacy protection technologies to be applied to the Ethereum platform to provide users with Better security.