Iron Fish’s Privacy Model Balances Secrecy and Compliance
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As Coinbase integrates Iron Fish into its Base network, questions arise over how “private” the new transactions will truly be.
Iron Fish’s system uses zero-knowledge proofs (ZK-proofs) and “view keys”, allowing users to keep transactions private—yet still disclose data to authorities when required. This design enables regulatory transparency without exposing every transaction publicly.
Users can share their “view keys” with tax agencies or enforcement bodies for read-only access, ensuring a balance between privacy and compliance.