0xbow’s Ethereum Privacy Pools Process Over 238 Transactions in Three Days
Tornado Cash has been discontinued, but privacy solutions are evolving. Oxbow's Ethereum privacy tools launched on April 1, allowing users to maintain on-chain privacy while dissociating from illicit funds.
- 238 user deposit transactions processed in the first three days
- Total deposits of 67.49 ETH
- Endorsed by Ethereum founder Vitalik Buterin, who was an early depositor
The privacy pools utilize zero-knowledge proofs and commitment schemes for ether deposits and withdrawals, effectively concealing links between deposit and withdrawal addresses. The system comprises:
- Contract layer for asset management
- Zero-knowledge layer for privacy
- Compliance vetting layer for fund screening
This architecture allows dynamic screening of transactions for potential illicit links. Privacy pools are non-custodial, ensuring users retain control over their funds, with rejected deposits able to return to original addresses. Current deposit limits range from 0.1 ETH to 1 ETH, with plans for future increases.
Oxbow stated, "This is only the beginning. The road to making privacy normal again is long and exciting."