This Platform Could Soon Enable Privacy for Bitcoin and Other Public Blockchains

Published 12/16/2021, 01:22 AM
Updated 12/16/2021, 01:30 AM
© Reuters.  This Platform Could Soon Enable Privacy for Bitcoin and Other Public Blockchains
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  • Rise in privacy coins emerged when BTC and other altcoins allowed public viewing.
  • A project called Navcoin aims to solve this privacy issue.
  • The core mission of Navcoin is to provide people with privacy-preserving solutions.

On the 6th of January 2021, an attack on the US Capitol would become one of the most widely documented acts of political violence in history. Following the groundbreaking incident, where a violent group of Trump supporters stormed the Capitol, Facebook (NASDAQ:FB) made an unprecedented announcement that it would be banning the US president from its platform and subsidiary, Instagram.

Platforms like Twitter (NYSE:TWTR), YouTube, Reddit, Twitch, TikTok, Snapchat, and Discord soon followed suit, banning accounts and groups affiliated with Trump and misinformation about the 2020 presidential election.

To many, this was a welcome reaction to Trump’s efforts to undermine confidence in the election, however, for Republicans, it was seen as a bid from tech companies to silence conservative voices. Fast forward to nearly a year later, and “shadowbans” aka “ghost banning” or “stealth banning”, where certain social media content is blocke ...

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