The caution comes in response to the recent announcement by Wasabi Wallet, a leading player in Bitcoin privacy solutions, declaring the cessation of its coordination service effective June 1, 2024. The decision, attributed to the company zkSNACKs, has stirred significant concern within the crypto space.The development has broader implications beyond Wasabi Wallet users. It affects individuals utilizing other wallet clients connected to the coordinator, such as Trezor Suite and BTCPayServer.
Snowden expressed genuine sadness at the news, suggesting that Wasabi Wallet could explore options for a decentralized replacement coordinator or implement alternative configurations to maintain privacy safeguards. He emphasized the urgency of integrating privacy measures directly into the Bitcoin protocol, citing years of advocating for this crucial development.
I've been warning Bitcoin developers for ten years that privacy needs to be provided for at the protocol level. This is the final warning. The clock is ticking.The renowned privacy advocate has long been a vocal proponent of enhancing privacy within the cryptocurrency. Over the years, Snowden has underscored the necessity of incorporating advanced privacy features into Bitcoin's core infrastructure to safeguard users' financial sovereignty.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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