Blank in Action (#1): Private Transfers

#1 — This is the first post in our “Blank in Action” series. In this series, we will explore realistic and helpful ways to use Blank Wallet after the upcoming release.

Picture two friends. James and Diego. They’ve been good friends over the internet for a number of years. James has a birthday coming up, and Diego is more than willing to send his friend some money as a gift. It is often cumbersome to make international fiat transfers and as avid supporters of decentralized finance, the friends are happy to make the transfer using a cryptocurrency such as $ETH or $DAI. This is an excellent way for the friends to make a fast and simple transfer across borders, without the need of a third party. Or is it?

A Major Caveat: Privacy

The transfer comes with one major caveat. After completing the transfer, both parties’ privacy is forfeit. Blockchain is transparent by design and with knowledge of each other’s wallet addresses, the friends are forced to reveal information that they are not comfortable sharing. With each other’s wallet addresses, it’s a simple process for the friends to look inside each other’s wallets. Diego doesn’t want to reveal the total value of his portfolio, the exact tokens he holds, or the transfers he has made in the past.

Personal finance is not something often discussed between friends, and Diego feels he shouldn’t have to divulge such information in order to make a simple and well-intended transfer. He wouldn’t feel comfortable sharing all of his financial information when sending fiat currency and thinks the same principle should extend to blockchain. As a result, the friends have doubts about an initially innocuous idea.

Cryptocurrency is quickly evolving from a speculative asset to cutting-edge technology that has real solutions for real-world problems. If cryptocurrency and decentralized finance is to see continued adoption, then it’s crucial to eliminate friction that hinders users and jeopardizes their privacy. The vast majority of people wouldn’t feel comfortable sharing the entirety of their traditional banking history, and we believe the same applies to blockchain. This issue creates a barrier to entry for newcomers to decentralized finance. Mainstream adoption of blockchain offers a brighter and fairer future so eliminating friction where possible is an essential task.

The Solution: Going Blank

Enter Blank Wallet. Users attain privacy by mixing transfers with the pool of funds within the Blank smart contract. You are able to see, access, and manage your funds every step of the way yet they remain anonymous and untraceable to others. zkSnark technology guarantees that your wealth and its origin remain hidden.

When you want to make a deposit or withdrawal, you start on a blank piece of paper with the amount of cryptocurrency requested. Blank allows you to deposit crypto into a fresh address that is in no way linked to your portfolio or any previous transactions. Privacy shouldn’t be a hindrance, therefore Blank Wallet provides it by not compromising on functionality. We’ve knocked down all of the obstacles so that you don’t have to.

In a world of ever-increasing overwatch from governments and big tech, there is a growing demand for privacy. Blank empowers users by offering them the chance to take back control of their finances seamlessly.

About Blank Wallet

Blank is the most private, non-custodial Ethereum browser extension wallet.

Blank allows the user to easily interact with privacy smart contracts on Ethereum to hide the amounts and the origins of cryptocurrency held, in a decentralized, non-custodial, and frictionless manner.

Blank solves the problem of privacy in crypto transactions. Each time you want to make a withdrawal, Blank will create a new wallet address for you with the amount of crypto that you requested. This address originates from the smart contract where everyone’s funds are pooled. All of this is achieved using cryptographic proofs to ensure that the user cannot be linked with the original depositing address.

With crypto transactions increasing, on-chain transaction privacy is being highly discussed to keep you safe from exposing yourself. Blank has developed a system that adds the ultimate protective layer to your crypto transactions while facilitating every function that other wallets offer.

Anyone can easily install Blank and start reaping the privacy benefits in no time at all. Besides the smart contract functionality, Blank wallet offers a higher level of privacy due to Tor integration. Upcoming functionality includes DeFi web3 integrations as well as support for Metamask Snaps Plugins to allow for seamless connectivity and usage.

Reclaim privacy on your Ethereum transfers. Go Blank.

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The most private, non-custodial browser wallet. Reclaim control of your financial privacy. Get BlockWallet.