At the moment, all transactions in zkSync are transparent: just like in Ethereum, anybody can see sender, recipient and all details of the transaction.
However, we take the privacy cause very seriously. Most people won’t feel comfortable moving large parts of their fortune into a publicly exposed glass box. Inhabitants of dangerous places are unlikely to pay a local merchant in crypto if the recipient can immediately learn how much money they have. Privacy is an absolute prerequisite for mass adoption and an important part of zkSync roadmap.
Implementing privacy comes with two big challenges:
- It must be on by default as an integral protocol feature. To quote Vitalik Buterin: “If your privacy model has a medium anonymity set, it really has a small anonymity set. If your privacy model has a small anonymity set, it has an anonymity set of 1. Only global anonymity sets are truly robustly secure.”
- To enable privacy by default, private transaction costs must be very low, despite significant added computational overhead.
This is why we decided to focus our efforts on the scalability of zkSync first. Once the prover technology is good enough to add privacy without much cost and scalability overhead, it will be added to the platform.