Aztec Labs Relaunches zk.money for Private Payments on Ethereum
- Aztec Labs’ CEO Joe Andrews emphasized the need for privacy in onchain transactions, stating that financial histories shouldn’t be public.
- The wallet supports DAI as it is considered the most decentralized stablecoin on Ethereum.
- Each deposit, payment, and withdrawal is capped at $2,500, with a shared daily deposit limit of $50,000 for all users.
- While payments within zk.money remain private, deposits from Ethereum still reveal sender and amount information.
- The planned Hegotá upgrade in Ethereum aims to enhance privacy features by allowing apps to manage transaction approvals more independently.
The relaunch of zk.money provides a new avenue for private payments on Ethereum while maintaining certain transaction limits as safeguards during its initial phase. This development aligns with ongoing discussions about enhancing privacy in blockchain transactions.
With a daily deposit cap of $50,000 and individual transaction limits set at $2,500, Aztec’s zk.money aims to balance user privacy with system security.(Source)
