CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$23,280.00
  • ethereum
    ETH$1,601.34
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    sp
    Home » Projects » HOPR: Building the Infrastructure for a More Private Web3

    HOPR: Building the Infrastructure for a More Private Web3

    Author: Danish Yasin

    Last Updated Jul 20, 2022 @ 09:02

    As the world goes digital, privacy is becoming of utmost importance. However, this transition is also not without its challenges, and experts are battling to instill principles that protect everyday users of the Internet from various malicious and bad actors.

    Just recently, the American government proposed its Data Privacy and Protection Act to combat unnecessary data collection and to give everyone ownership of their data with external services and the right to request that all their data be deleted.

    In blockchain technology, many projects focus on making on-chain transactions more private by veiling transactions and making them unreadable to the outside viewer. The problem: common data collection still happens, despite the decentralized blockchain approach.

    On-Chain Privacy

    In general, all information transmitted on-chain is entirely transparent — wallet addresses, transactions, contracts, and messages sent are fully traceable. This is usually not a problem as a created wallet is not linked to a person, but as soon as one interacts with centralized services like exchanges, identities can be linked to their on-chain counterparts.

    In these instances, you have to trust these institutions to be careful with your data and not to share it with any third parties or become a victim of data breaches. To gain control over your own information projects like Tornado Cash, Zcash, and Threshold Network either veil the transaction of funds or even provide a completely private blockchain by itself.

    But that isn’t enough because on-chain privacy doesn’t protect you from all data harvesting.

    Off-Chain Privacy

    In contrast to on-chain privacy, where data on the blockchain gets hidden, off-chain privacy protects your data, specifically your metadata, from being revealed while visiting common Web3 sites like Uniswap, OpenSea, or Binance.

    Metadata like your IP address, your location, and others are easily readable and can be linked to you and your wallet, even within fully private blockchains. This is where a project like HOPR comes into play, offering this off-chain privacy, veiling your metadata, and offering a truly private experience.

    hopr-defi-use-case
    Source: HOPR

    With its mixnet, HOPR anonymizes this metadata through a mixnet that functions similarly to the TOR browser.

    Complementary Concepts

    To make full use of on-chain privacy and deliver a truly private ecosystem, projects like Tornado Cash, Zcash, and Threshold Network need an off-chain privacy project like HOPR. Both types of privacy are necessary for your data to be safe against all potential attacks and exploits.

    Additionally, off-chain privacy helps you to secure your private information in the legacy Web 2.0, where data harvesting by big tech companies is still prevalent.

    Projects like HOPR build the infrastructure for everyone to be able to choose just how much data they disclose, no matter if it’s on-chain within the up-and-coming Web3 or if it’s on well-known sites like Google and Amazon. Because in the end, it should be your right to decide who gets to see your private data, no matter which service you are using.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Danish Yasin
    More posts by this author

    Danish is a seasonal writer with more than six years of technical writing experience. He specializes in in-depth review and research of projects and protocols An aspiring Computer Scientist and technology enthusiast. Contact Danish: LinkedIn

  • bitcoin
    BTC$23,280.00
  • ethereum
    ETH$1,601.34
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!