Famous whistleblower Edward Snowden has sounded what he says is the “final warning” for Bitcoin (BTC). It came amid the completion of ETFSwap’s audit, which certified it as safe for investors to interact with.
What Is Edward Snowden’s Final Warning For Bitcoin (BTC)?
Edward Snowden recently raised an alarm regarding Bitcoin’s privacy issues. Through his X account, Snowden sounded his “final warning” to Bitcoin (BTC) developers. The crypto advocate has reiterated his viewpoint on the need for privacy on the Bitcoin network, given the transparency of blockchain transactions.
This warning came after Wasabi Wallet announced discontinuing its Coinjoin coordination service in June 2024. The Wasabi team has been on a mission to improve Bitcoin privacy for many years.
Its Coinjoin coordination service combines multiple transactions into one bulk transaction, making it nearly impossible to trace individual transactions. However, the recent announcement proves the team has hit a massive roadblock in its goal of fostering privacy for Bitcoin (BTC) users.
Responding to the announcement, Edward Snowden stated that “the clock is ticking for Bitcoin.” Snowden added that he has been warning about the need for improved privacy on the Bitcoin (BTC) network for a decade now.
Bitcoin (BTC) offers relative privacy because while hash IDs and wallet addresses do not reveal extremely personal information like a user’s name, the transaction details of an individual’s wallet can still be traced on the blockchain. It has proven to be a double-edged sword, as it fosters transparency while limiting privacy to a large extent.
Interestingly, despite privacy concerns, millions of users across the globe are increasingly adopting Bitcoin and other cryptocurrencies. However, retail investors have recently sought secure assets with a smaller market capitalization than Bitcoin (BTC).
Cryptocurrency assets with solid use cases and smaller market capitalization can potentially give investors massive profits. One such asset is ETFSwap (ETFS). ETFSwap’s native token, ETFS, is expected to soar by 100X in the coming bull run due to its reputation as a decentralized ecosystem for accessing crypto ETFs and its use case in asset tokenization.
ETFSwap (ETFS) Ensures Privacy And Safety For Investors
The ETFSwap (ETFS) platform stands out as the only decentralized platform that unlocks access to exchange-traded funds (ETFs) for institutional and retail investors by ensuring that investors have unlimited access and control over their assets. It does this by tokenizing a wide range of ETFs, from the crypto industry to healthcare and others, and making them available for trading on the blockchain.
By leveraging the blockchain, the platform enables traders to perform swaps, trade tokens, and access the ETF markets at any time of the day or week. Investors can also purchase crypto and other ETFs without passing through complex KYC procedures. It ensures that users are completely safe and their privacy is prioritized.
Another benefit of ETFSwap’s decentralized ecosystem is the platform’s transparency and security. ETFSwap (ETFS) runs on the Ethereum network, enabling investors to track their assets on the blockchain. The platform also benefits from the security of the proof-of-stake (PoS) consensus mechanism used by the Ethereum network.
Crypto users are more concerned about security than privacy, and ETFSwap (ETFS) provides a secure platform for token swaps, crypto ETF purchases, leverage trading, staking, and more. These features enable investors to maximize profits from the cryptocurrency ecosystem.
For example, staking lets DeFi investors earn passive income from the platform’s sales tax. Thus, long-term holders can benefit from the exponential increase in ETFS’ value while accumulating extra income from their staked assets. DeFi traders on ETFSwap (ETFS) can also benefit from the platform’s auto-rebalancing feature, which aids portfolio management. Traders can also use up to 10X leverage to boost their earning potential.
Undoubtedly, the ETFSwap (ETFS) platform offers crypto users ample opportunities to grow their portfolios. That explains the recent growth of the ecosystem and the surge in the purchase of the platform’s native token.
The ETFS token currently trades at $0.00854 in its ongoing presale, and thousands of crypto investors are biddy rapidly at this value. Early investors can get an 18% buy bonus with the code “ETFS18.”
For more information about the ETFS Presale:
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