The transparent nature of blockchain, which make transactions visible to all participants, is antithetical to privacy. Participants in public blockchains don’t typically need to make their identities known, but researchers have demonstrated how transactions recorded on a blockchain could be linked to individuals. Many DeFi apps incorporate third-party web services that can access the users’ Ethereum addresses. Several DeFi sites rely on third parties and occasionally even leak your Ethereum address to those third parties – mostly to API and analytics providers.

The transparent nature of blockchain, which make transactions visible to all participants, is antithetical to privacy. Participants in public blockchains don’t typically need to make their identities known, but researchers have demonstrated how transactions recorded on a blockchain could be linked to individuals. Many DeFi apps incorporate third-party web services that can access the users’ Ethereum addresses. Several DeFi sites rely on third parties and occasionally even leak your Ethereum address to those third parties – mostly to API and analytics providers.

Ethereum address leakage to Google (the worst scenario) is particularly problematic because the company likely already has PII about you, which it can then link to your Ethereum address and your transaction history on the blockchain and if you combine all these to the information that browser can reveal to the sites you visit, information like IP address, (which trackers can find your geolocation with), cookies which determine what sites and topics you are interested in and even your identity information.

The transparent nature of blockchain, which make transactions visible to all participants, is antithetical to privacy. Participants in public blockchains don’t typically need to make their identities known, but researchers have demonstrated how transactions recorded on a blockchain could be linked to individuals. Many DeFi apps incorporate third-party web services that can access the users’ Ethereum addresses. Several DeFi sites rely on third parties and occasionally even leak your Ethereum address to those third parties – mostly to API and analytics providers.

The transparent nature of blockchain, which make transactions visible to all participants, is antithetical to privacy. Participants in public blockchains don’t typically need to make their identities known, but researchers have demonstrated how transactions recorded on a blockchain could be linked to individuals. Many DeFi apps incorporate third-party web services that can access the users’ Ethereum addresses. Several DeFi sites rely on third parties and occasionally even leak your Ethereum address to those third parties – mostly to API and analytics providers.

Ethereum address leakage to Google (the worst scenario) is particularly problematic because the company likely already has PII about you, which it can then link to your Ethereum address and your transaction history on the blockchain and if you combine all these to the information that browser can reveal to the sites you visit, information like IP address, (which trackers can find your geolocation with), cookies which determine what sites and topics you are interested in and even your identity information.