Coinbase、Base 和私人交易：加密隱私的新時代？

Coinbase 正在其第 2 層網絡 Base 上邁向私密交易。這是加密隱私的未來，還是只是即將發生的監管難題？

Coinbase is diving headfirst into the world of private transactions on its Base network, and it's got everyone talking. This move could redefine how we think about privacy in crypto, but it also raises some serious questions about regulation. Let's break it down.

Coinbase 正在其 Base 網絡上一頭扎進私人交易領域，這引起了每個人的討論。此舉可能會重新定義我們對加密貨幣隱私的看法，但它也引發了一些有關監管的嚴重問題。讓我們來分解一下。

Coinbase's Big Privacy Push

Coinbase 大力推進隱私保護

Brian Armstrong, Coinbase's CEO, recently spilled the beans about their plans to integrate private transactions into Base. The acquisition of Iron Fish, a crypto privacy platform, earlier in 2025, was a key indicator of this direction. The goal? To give users a way to transact without broadcasting their financial details to the entire world.

Coinbase 首席執行官 Brian Armstrong 最近透露了他們將私人交易整合到 Base 中的計劃。 2025 年初對加密隱私平台 Iron Fish 的收購是這一方向的關鍵指標。目標？為用戶提供一種無需向全世界廣播其財務詳細信息即可進行交易的方式。

Privacy is becoming a hot topic in the crypto space. After facing crackdowns, interest in privacy coins like ZEC and XMR is surging. People want to keep their financial lives under wraps, and Coinbase seems to be listening.

隱私正在成為加密貨幣領域的熱門話題。在面臨打擊之後，人們對 ZEC 和 XMR 等隱私幣的興趣激增。人們希望保守自己的財務生活，而 Coinbase 似乎正在傾聽。

The Iron Fish Connection

鐵魚連接

The Iron Fish team has been folded into a "privacy pod" within Base. While the Iron Fish blockchain remains independent, its engineers are now focused on creating "privacy-preserving primitives" for Base. Think of it as building the foundational tools needed for truly private transactions.

鐵魚團隊已被合併到基地內的一個“隱私艙”中。雖然 Iron Fish 區塊鏈仍然獨立，但其工程師現在專注於為 Base 創建“隱私保護原語”。將其視為構建真正私人交易所需的基礎工具。

Iron Fish already supports privacy transactions across more than 20 blockchains, including Base, using ChainPort. They employ real-time threat detection to ensure that only legitimate funds enter the network. This suggests a cautious approach, balancing privacy with security.

Iron Fish 已經使用 ChainPort 支持跨 20 多個區塊鏈（包括 Base）的隱私交易。他們採用實時威脅檢測來確保只有合法資金才能進入網絡。這表明採取謹慎的做法，平衡隱私與安全。

Privacy vs. Regulation: The Tightrope Walk

隱私與監管：走鋼絲

Here's where things get tricky. Regulators are often wary of privacy coins due to concerns about illicit activities. They've tightened anti-money laundering (AML) and counter-terrorism financing (CTF) rules, leading to bans and delistings of certain coins. The EU and U.S. have been particularly active in this area.

這就是事情變得棘手的地方。由於擔心非法活動，監管機構通常對隱私幣持謹慎態度。他們收緊了反洗錢（AML）和反恐融資（CTF）規則，導致某些代幣被禁止和下架。歐盟和美國在這一領域尤其活躍。

Some worry that Coinbase's privacy system might involve Know Your Client (KYC) checks, which could limit anonymity. Armstrong hasn't addressed these concerns directly, leaving some to wonder how truly private these transactions will be.

一些人擔心 Coinbase 的隱私系統可能涉及了解你的客戶（KYC）檢查，這可能會限制匿名性。阿姆斯特朗沒有直接解決這些問題，這讓一些人懷疑這些交易的私密性如何。

Iron Fish's current setup uses zero-knowledge proofs and "view keys," allowing users to verify transactions privately while still disclosing information when required by authorities. It's a balancing act, attempting to satisfy both user privacy and regulatory demands. This approach attempts to balance user privacy with regulatory compliance, which has proven quite difficult for other projects in the past.

Iron Fish 目前的設置使用零知識證明和“查看密鑰”，允許用戶私下驗證交易，同時在當局要求時仍披露信息。這是一種平衡行為，試圖同時滿足用戶隱私和監管要求。這種方法試圖平衡用戶隱私與監管合規性，這對於過去的其他項目來說被證明是相當困難的。

Beyond Privacy: Keeta and Base's Ecosystem

超越隱私：Keeta 和 Base 的生態系統

Base isn't just about privacy. The recent listing of Keeta (KTA) on Coinbase highlights the growing ecosystem around Base. Keeta, a layer-1 blockchain project, aims to unify payment networks by enabling secure cross-chain transactions for real-world assets (RWAs). This suggests that Base is becoming a hub for various innovative crypto projects.

Base 不僅僅涉及隱私。 Keeta (KTA) 最近在 Coinbase 上的上市凸顯了圍繞 Base 不斷發展的生態系統。 Keeta 是第 1 層區塊鏈項目，旨在通過實現現實世界資產 (RWA) 的安全跨鏈交易來統一支付網絡。這表明 Base 正在成為各種創新加密項目的中心。

The Rise of Bitcoin Mixers

比特幣混合器的興起

While Coinbase focuses on privacy within its ecosystem, the broader need for transaction privacy is driving the adoption of Bitcoin mixers. These services help break the links between wallet addresses, allowing users to keep their financial activity private. Tools like Coinomize, Mixero, and Wasabi Wallet are gaining traction as governments and companies ramp up their tracking of crypto transactions.

雖然 Coinbase 注重其生態系統內的隱私，但對交易隱私的更廣泛需求正在推動比特幣混合器的採用。這些服務有助於打破錢包地址之間的聯繫，使用戶能夠保持其金融活動的私密性。隨著政府和公司加大對加密貨幣交易的跟踪力度，Coinomize、Mixero 和 Wasabi Wallet 等工具越來越受歡迎。

Final Thoughts

最後的想法

Coinbase's move towards private transactions on Base is a bold step. It addresses a growing demand for privacy in the crypto world while navigating the complex landscape of regulation. Whether they can strike the right balance remains to be seen. But one thing is clear: the conversation around crypto privacy is just getting started. It's gonna be a wild ride, so buckle up and enjoy the show!

Coinbase 在 Base 上邁向私人交易是邁出的大膽一步。它滿足了加密世界對隱私日益增長的需求，同時應對複雜的監管環境。他們是否能夠取得適當的平衡還有待觀察。但有一件事是明確的：圍繞加密隱私的對話才剛剛開始。這將是一場瘋狂的旅程，所以係好安全帶，享受這場表演吧！