What is Nightfall? The Ethereum Privacy Technology From Ernst & Young2

Ethereum faces unique privacy challenges, primarily drawing from its implementation of the account-based transaction model compared to the UTXO design of bitcoin, which requires some explicit trade-offs in privacy. Vitalik Buterin outlined the pros and cons of account vs. UTXO based for a smart contracts platform, and elected for the former as the most viable model for Ethereum’s long-term goals.

Despite the privacy challenges faced by Ethereum, they have not stopped a slew of projects and developments striving to bolster the privacy assurances of the smart contracts network.

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