The Onchain Diary

The article discusses the importance of privacy in blockchain technology, debunking misconceptions about its role in illegal activities. It highlights how zero-knowledge proofs and other cryptographic techniques can protect user data without compromising transparency, emphasizing that privacy matters to everyone in an era of frequent data breaches by centralized platforms.

This article delves into the core concepts of blockchain technology, exploring its defining characteristics such as decentralization, immutability, anonymity, and transparency. Through examples like Bitcoin and Ethereum, it examines blockchain’s potential as foundational infrastructure while addressing real-world challenges like centralization constraints and security risks in the ecosystem.

Explore the difference between digital currencies and tokens: from Bitcoin's consensus mechanism to ERC-20 token creation. Understand why Bitcoin maintains dominance and the investment logic behind cryptocurrency volatility.