Coinbase、Base 和私人交易：加密隐私的新时代？

Coinbase 正在其第 2 层网络 Base 上迈向私密交易。这是加密隐私的未来，还是只是即将发生的监管难题？

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 网络上一头扎进私人交易领域，这引起了每个人的讨论。此举可能会重新定义我们对加密货币隐私的看法，但它也引发了一些有关监管的严重问题。让我们来分解一下。

Coinbase's Big Privacy Push

Coinbase 大力推进隐私保护

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 首席执行官 Brian Armstrong 最近透露了他们将私人交易整合到 Base 中的计划。 2025 年初对加密隐私平台 Iron Fish 的收购是这一方向的关键指标。目标？为用户提供一种无需向全世界广播其财务详细信息即可进行交易的方式。

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.

隐私正在成为加密货币领域的热门话题。在面临打击之后，人们对 ZEC 和 XMR 等隐私币的兴趣激增。人们希望保守自己的财务生活，而 Coinbase 似乎正在倾听。

The Iron Fish Connection

铁鱼连接

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.

铁鱼团队已被合并到基地内的一个“隐私舱”中。虽然 Iron Fish 区块链仍然独立，但其工程师现在专注于为 Base 创建“隐私保护原语”。将其视为构建真正私人交易所需的基础工具。

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 已经使用 ChainPort 支持跨 20 多个区块链（包括 Base）的隐私交易。他们采用实时威胁检测来确保只有合法资金才能进入网络。这表明采取谨慎的做法，平衡隐私与安全。

Privacy vs. Regulation: The Tightrope Walk

隐私与监管：走钢丝

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.

这就是事情变得棘手的地方。由于担心非法活动，监管机构通常对隐私币持谨慎态度。他们收紧了反洗钱（AML）和反恐融资（CTF）规则，导致某些代币被禁止和下架。欧盟和美国在这一领域尤其活跃。

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.

一些人担心 Coinbase 的隐私系统可能涉及了解你的客户（KYC）检查，这可能会限制匿名性。阿姆斯特朗没有直接解决这些问题，这让一些人怀疑这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 目前的设置使用零知识证明和“查看密钥”，允许用户私下验证交易，同时在当局要求时仍披露信息。这是一种平衡行为，试图同时满足用户隐私和监管要求。这种方法试图平衡用户隐私与监管合规性，这对于过去的其他项目来说被证明是相当困难的。

Beyond Privacy: Keeta and Base's Ecosystem

超越隐私：Keeta 和 Base 的生态系统

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 不仅仅涉及隐私。 Keeta (KTA) 最近在 Coinbase 上的上市凸显了围绕 Base 不断发展的生态系统。 Keeta 是第 1 层区块链项目，旨在通过实现现实世界资产 (RWA) 的安全跨链交易来统一支付网络。这表明 Base 正在成为各种创新加密项目的中心。

The Rise of Bitcoin Mixers

比特币混合器的兴起

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.

虽然 Coinbase 注重其生态系统内的隐私，但对交易隐私的更广泛需求正在推动比特币混合器的采用。这些服务有助于打破钱包地址之间的联系，使用户能够保持其金融活动的私密性。随着政府和公司加大对加密货币交易的跟踪力度，Coinomize、Mixero 和 Wasabi Wallet 等工具越来越受欢迎。

Final Thoughts

最后的想法

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 上迈向私人交易是迈出的大胆一步。它满足了加密世界对隐私日益增长的需求，同时应对复杂的监管环境。他们是否能够取得适当的平衡还有待观察。但有一件事是明确的：围绕加密隐私的对话才刚刚开始。这将是一场疯狂的旅程，所以系好安全带，享受这场表演吧！