Permissionless Blockchain Recent Trends, Privacy Concerns, Potential Solutions and Secure Development Lifecycle †
Bayan T. Yazici A. Banach R.
December 2025Multidisciplinary Digital Publishing Institute (MDPI)
Future Internet
2025#17Issue 12
Permissionless blockchains have evolved beyond cryptocurrency into foundations for Web3 applications, decentralized finance (DeFi), and digital asset ownership, yet this rapid expansion has intensified privacy vulnerabilities. This study provides a comprehensive review of recent trends, emerging privacy threats, and mitigation strategies in permissionless blockchain ecosystems. We examine six developments reshaping the landscape: meme coin proliferation on high-throughput networks, real-world asset tokenization linking on-chain activity to regulated identities, perpetual derivatives exposing trading strategies, institutional adoption concentrating holdings under regulatory oversight, prediction markets creating permanent records of beliefs, and blockchain–AI integration enabling both privacy-preserving analytics and advanced deanonymization. Through this work and forensic analysis of documented incidents, we analyze seven critical privacy threats grounded in verifiable 2024–2025 transaction data: dust attacks, private key management failures, transaction linking, remote procedure call exposure, maximal extractable value extraction, signature hijacking, and smart contract vulnerabilities. Blockchain exploits reached $2.36 billion in 2024 and $2.47 billion in the first half of 2025, with over 80% attributed to compromised private keys and signature vulnerabilities. We evaluate privacy-enhancing technologies, including zero-knowledge proofs, ring signatures, and stealth addresses, identifying the gap between academic proposals and production deployment. We further propose a Secure Development Lifecycle framework incorporating measurable security controls validated against incident data. This work bridges the disconnect between privacy research and industrial practice by synthesizing current trends, providing insights, documenting real-world threats with forensic evidence, and providing actionable insights for both researchers advancing privacy-preserving techniques and developers building secure blockchain applications.
blockchain privacy , DeFi security , permissionless blockchain , privacy threats , privacy vulnerabilities , secure development lifecycle , smart contract security , Web3
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Department of Computer Science, Nazarbayev University, Qabanbay Batyr Ave 53, Astana, 010000, Kazakhstan
Department of Computer Science, University of Manchester, Oxford Rd, Manchester, M13 9PL, United Kingdom
Department of Computer Science
Department of Computer Science
10 лет помогаем публиковать статьи Международный издатель
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