103. What is privacy classification, and the right to decide privacy lie with the user?

Answer: In a chainless system, users can freely set the level of privacy protection according to their needs. The higher the level, the higher the protection requirements and the better the protection effect. The power to set this privacy level is entirely in the hands of the user. It is a more tolerant and safe solution to user needs and can hide the user’s transaction identity, asset amount, etc. Users can decide whether to use their real names or remain anonymous and how much personal data should be disclosed. Users can also set the privacy level based on the payment amount using a multi-signature and multi-backup wallet. In order to ensure payment security, when making large-amount payments, you can set a higher privacy level. Still, when making small-amount payments, you do not need to set up multi-signature (this is somewhat like the small-amount password-free payment in WeChat Pay), which ensures The security of payment and the speed of payment.

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