As reported by Crypto.News, Coinbase CEO Brian Armstrong announced that Base is developing private transactions using Iron Fish’s zero-knowledge infrastructure. The move follows the acquisition of the Iron Fish team in March 2025 and aims to allow users to control who sees their on-chain activity. The announcement has sparked debate, with users questioning how a KYC-compliant platform like Coinbase can ensure true privacy, especially in light of past data leaks and Iron Fish’s view-key feature. Iron Fish, a privacy-first Layer 1 chain, uses zk-SNARKs to hide transaction details and allows assets like USDC to be moved through shielded pools. However, the platform supports view-keys, enabling regulators or auditors to access transaction data if needed.
Base to Start Supporting Private Transactions via Iron Fish Acquisition
OdailyShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.