4.3 Secure and Reliable Privacy Protection
XOS will employ advanced encryption and signature technologies to safeguard user privacy and data security to ensure user information remains confidential. Once user privacy information is controlled through blockchain privacy technology, user co-creation and decentralized governance (DAO) is enabled. This means that users can create and lead content and applications. Simultaneously, users can also share the value of the platform/protocol.
In the Web3 era, assuming all our interactions and online traces occur within interactions with blockchain applications, our data will be a series of transactions containing specific information. Take the example of the transferFrom function in ERC-20 ( the parameters are _from, _ to, _ value). The transaction comprises the sender, recipient, and amount. For this type of transaction, privacy in the Web3 era can be defined based on anonymity, confidentiality, and true privacy:
Anonymity refers to the non-public nature of the real identities of the transaction sender and recipient, with the transfer amount being publicly known (only about the parameter of _ value).
Confidentiality entails non-public disclosure of transaction details such as the transfer amount, while the sender and recipient can be publicly known (only about _from and _to).
True privacy: a combination of anonymity and confidentiality. It implies that all transaction details, including sender, recipient, and transfer amount, need to be non-public.
Through the XOS system in the Web3 era, users can freely surf on the internet with their data mine. Imagine a world where banking data, social media data, and video platform data seamlessly interoperate (actually you don't need to imagine because it's already happening in Web3). Every footprint you leave is on the blockchain, associated with your address. When interacting with another DApp, you don't start from scratch because your previous data will always accompany you wherever you go.
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