A short introduction..

In a blog post from 2014, Gavin Wood, the creator of Polkadot Network and a co-founder of Ethereum, first used the term "Web3."
He described his vision in further detail:

“Information that we assume to be public, we publish. Information we assume to be agreed upon, we place on a consensus ledger. Information that we assume to be private, we keep secret and never reveal. Communication always takes place over encrypted channels and only with pseudonymous identities as endpoints; never with anything traceable (such as IP addresses).”

What are the privacy implications of Web3's open and transparent nature?

We can come up with something ourselves but in our opinion Eric Hughes already wrote it best in his classic essay in march 1993 named: “A Cypherpunk’s Manifesto”

Some parts of that thesis really stuck with us:

• Privacy is necessary for an open society in the electronic age.
• Privacy in an open society requires anonymous transaction systems.
• Privacy in an open society also requires cryptography.
  
  

Web3 advocates transparency
Users take control over their data, get fair compensation for it, and are conscious of what other parties are doing with it. The shift from less power and control with the traditional powers, such as governments, BigTech corporations, and intermediaries, to data sovereignty will not be reached without a fight and is surely packed with risks and uncertainties.

What we do feel is that what is being built in Web3 is very disruptive technology and possibly the greatest opportunity to escape Big Brother's tyranny ever!

Let’s #TakeItBack!

What suggestions can we offer to reduce the danger of a privacy breach in Web3?

• Use separate browsers for your crypto/Web3 use and your ordinary internet use
• Use Tor or Brave to explore the internet with increased privacy
• Use a good VPN like ProtonVPN (free) to hide your IP-address
• Disable cookies in your browser
• Use privacy friendly search engines like presearch or search.brave.com
• Consider setting up a new account for certain (trans)actions
• Consider to use a disposable email service like 10 Minute Mail or use a private encrypted email service like Tuta
• Manage your social media accounts safely and avoid disclosing too much personal information online.
• Avoid giving away information about your location/timezone
• Upload a screenshot instead of an original image before posting
• You can use a tool like EXIF Remover to remove any metadata that sticks to Images you’d need to post
• If you buy crypto tokens with a credit card, don’t send them directly to your anonymous wallet. Use Monero ($XMR) or a crypto mixer*.

* You can find more information about that in Chapter 21 of our free guide!

"Freedom is the price you pay for privacy infringement." 
- Riku

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