Key Points:
On the recent episode of the Bankless podcast, attention was paid to the Kyiv-based company Rarimo, which had indeed created an innovation called the so-called “Freedom Tool.”
The tool is powered by zero-knowledge proof technology, which allows Russian citizens to verify their citizenship and elect activities online without divulging their identities. This system can ensure tamperproof and highly visible results and censorship-resistant anonymous voting.
Ethereum co-developer Vitalik Buterin and economist Noah Smith jumped into the debate, considering some of the plausible advantages and risks of authoritarianism in this century. They drew on the Internet’s propensity for transformation and how easily an authoritarian state can exploit it for narrative ends.
However, the discussion brought out the possible counterbalancing power of encryption, decentralized platforms, and blockchain.
Readmore: VanEck Files 8-A Form For Spot ETH ETF: Bloomberg Analyst
Buterin forwarded the competencies of blockchain and zero-knowledge proofs in providing privacy and trustworthiness. He said these technologies can encourage a much more protection-resistant and resilient digital space against centralized and decentralized cyber-attacks.
Additionally, Buterin suggested that if the American public did not need this technology for communication purposes, people living under such regimes might require a cryptographic and blockchain infrastructure for safe and private discussion of political situations.
According to Ethereum’s founder, this would have sustained internal dissent and democratization efforts within regimes by providing a safe space for dialogue and organization.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
The allegations in the SEC Binance lawsuit that BNB coin sales constitute unregistered securities were…
US Treasury crypto tax rules aim to prevent tax evasion and align crypto tax reporting…
VanEck and 21Shares are leading the race to launch a spot Solana ETF with bets…
Despite recent developments regarding Ether's classification, the SEC ConsenSys lawsuit for the MetaMask operations remains…
The CoinStats security incident caused a $2 million loss, affecting nearly 1,600 wallets, possibly linked…
Igloo has acquired Frame to focus on building the new Layer 2 for Pudgy Penguins,…
This website uses cookies.