People have been talking about privacy being a very big deal in blockchain transactions. Can you help me understand how will privacy help ? Preferably give an examaple to explain better. Thanks
Privacy is important and really a big deal not only in blockchain but also in all your accounts. Let say for example, your facebook or your email accounts. If someone knows your password, they may see everything about you an dyour transactions. So as in blockchain. For example, you have an ethereum account and it has 10eth and some coins in it. If someone knows your private key, all your balances including your coins will be stolen, if that person who knows your key is not trusted.