Cake Labs CEO believes that raising public awareness will drive the development of Bitcoin privacy tools.

CoinNetwork · 2026-01-23T18:42:48+00:00

Bitcoin privacy issues have attracted attention, especially in the Middle East and North Africa. Cake Labs CEO mentioned users' concerns about transaction traceability, driving the demand for privacy features. Cake Wallet reduces transaction linkability through tools like Silent Payments and PayJoin v2, offering optional privacy protection, although technical hurdles still need to be overcome.

CoinNetwork

2026-01-23 18:42:48

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As Bitcoin adoption increases, privacy issues are becoming an increasingly important concern for users and governments, as emphasized at the Bitcoin Middle East and North Africa Conference. Cake Labs CEO Vikrant Sharma pointed out that users are becoming more aware that transactions can be easily tracked, which has driven the demand for privacy features. Cake Wallet addresses this issue through tools like Silent Payments and PayJoin v2, reducing transaction linkability and focusing on providing practical and user-consent privacy protections rather than complete anonymity. Silent Payments solves the address reuse problem by generating a unique address for each transaction from a single reusable address, making it very suitable for donations. However, technical barriers still hinder its widespread adoption.

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