PANews reported on December 2nd, citing CoinDesk, that Ethereum developers are refining a zero-knowledge protocol designed to provide stronger privacy guarantees for on-chain interactions. The project starts with a matching system similar to a "secret Santa," which is expected to evolve into a wider suite of private collaboration tools. Solidity engineer Artem Chystiakov revisited this research in a post on the Ethereum community forum on Monday, mentioning his initial work published on arXiv in January. The idea is to recreate an anonymous gift-swapping game on Ethereum, where participants are randomly paired and no one knows who is sending gifts to whom. However, achieving this on a transparent blockchain requires addressing several long-standing issues surrounding randomness, privacy, and resistance to Sybil attacks. Chystiakov states that the core problem is simple: "Everything on Ethereum is visible to everyone," the blockchain cannot provide true randomness, and the system must prevent users from registering multiple times or assigning gifts to themselves. The proposed protocol uses zero-knowledge proofs to verify the relationship between sender and receiver without revealing identity information, and uses transaction relayers to submit operations, so that no single wallet can be linked to a specific action. This type of zero-knowledge layer can be applied to anonymous voting, DAO governance, whistleblowing channels, and private airdrops or token distributions that avoid revealing receiver information.PANews reported on December 2nd, citing CoinDesk, that Ethereum developers are refining a zero-knowledge protocol designed to provide stronger privacy guarantees for on-chain interactions. The project starts with a matching system similar to a "secret Santa," which is expected to evolve into a wider suite of private collaboration tools. Solidity engineer Artem Chystiakov revisited this research in a post on the Ethereum community forum on Monday, mentioning his initial work published on arXiv in January. The idea is to recreate an anonymous gift-swapping game on Ethereum, where participants are randomly paired and no one knows who is sending gifts to whom. However, achieving this on a transparent blockchain requires addressing several long-standing issues surrounding randomness, privacy, and resistance to Sybil attacks. Chystiakov states that the core problem is simple: "Everything on Ethereum is visible to everyone," the blockchain cannot provide true randomness, and the system must prevent users from registering multiple times or assigning gifts to themselves. The proposed protocol uses zero-knowledge proofs to verify the relationship between sender and receiver without revealing identity information, and uses transaction relayers to submit operations, so that no single wallet can be linked to a specific action. This type of zero-knowledge layer can be applied to anonymous voting, DAO governance, whistleblowing channels, and private airdrops or token distributions that avoid revealing receiver information.

Ethereum developers push forward with the deployment of the ZK-based "Secret Santa" system.

2025/12/02 18:36
2 min read

PANews reported on December 2nd, citing CoinDesk, that Ethereum developers are refining a zero-knowledge protocol designed to provide stronger privacy guarantees for on-chain interactions. The project starts with a matching system similar to a "secret Santa," which is expected to evolve into a wider suite of private collaboration tools. Solidity engineer Artem Chystiakov revisited this research in a post on the Ethereum community forum on Monday, mentioning his initial work published on arXiv in January.

The idea is to recreate an anonymous gift-swapping game on Ethereum, where participants are randomly paired and no one knows who is sending gifts to whom. However, achieving this on a transparent blockchain requires addressing several long-standing issues surrounding randomness, privacy, and resistance to Sybil attacks. Chystiakov states that the core problem is simple: "Everything on Ethereum is visible to everyone," the blockchain cannot provide true randomness, and the system must prevent users from registering multiple times or assigning gifts to themselves. The proposed protocol uses zero-knowledge proofs to verify the relationship between sender and receiver without revealing identity information, and uses transaction relayers to submit operations, so that no single wallet can be linked to a specific action. This type of zero-knowledge layer can be applied to anonymous voting, DAO governance, whistleblowing channels, and private airdrops or token distributions that avoid revealing receiver information.

Market Opportunity
EPNS Logo
EPNS Price(PUSH)
$0.011792
$0.011792$0.011792
+0.32%
USD
EPNS (PUSH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

What Does Market Cap Really Mean in Crypto — and Why Australians Care

What Does Market Cap Really Mean in Crypto — and Why Australians Care

Introduction: What Does Market Cap Mean in Cryptocurrency Ridgewell Tradebit is an automated cryptocurrency trading platform that helps users better understand
Share
Techbullion2026/02/09 23:34
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

The post Fed forecasts only one rate cut in 2026, a more conservative outlook than expected appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, fewer than expected, according to its median projection. The central bank’s so-called dot plot, which shows 19 individual members’ expectations anonymously, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026. That compares to a median estimate of 3.6% for the end of this year following two expected cuts on top of Wednesday’s reduction. A single quarter-point reduction next year is significantly more conservative than current market pricing. Traders are currently pricing in at two to three more rate cuts next year, according to the CME Group’s FedWatch tool, updated shortly after the decision. The gauge uses prices on 30-day fed funds futures contracts to determine market-implied odds for rate moves. Here are the Fed’s latest targets from 19 FOMC members, both voters and nonvoters: Zoom In IconArrows pointing outwards The forecasts, however, showed a large difference of opinion with two voting members seeing as many as four cuts. Three officials penciled in three rate reductions next year. “Next year’s dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook, muddied by labor supply shifts, data measurement concerns, and government policy upheaval and uncertainty,” said Seema Shah, chief global strategist at Principal Asset Management. The central bank has two policy meetings left for the year, one in October and one in December. Economic projections from the Fed saw slightly faster economic growth in 2026 than was projected in June, while the outlook for inflation was updated modestly higher for next year. There’s a lot of uncertainty…
Share
BitcoinEthereumNews2025/09/18 02:59
TrendX Taps Trusta AI to Develop Safer and Smarter Web3 Network

TrendX Taps Trusta AI to Develop Safer and Smarter Web3 Network

The purpose of collaboration is to advance the Web3 landscape by combining the decentralized infrastructure of TrendX with AI-led capabilities of Trusta AI.
Share
Blockchainreporter2025/09/18 01:07