Vitalik Buterin blockchain Ethereum business Adoption privacy Vitalik Buterin

Vitalik Buterin divulges the 'largest remaining challenge' in Ethereum

Reading now: 863
cointelegraph.com

Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” on Ethereum — privacy.In a blog post on Jan.

20, Buterin acknowledged the need to come up with a privacy solution because by default, all information that goes onto a “public blockchain” is public too.He then arrived at the concept of “stealth addresses” — which he said can potentially anonymize peer-to-peer transactions, nonfungible token (NFT) transfers, and Ethereum Name Service (ENS) registrations, protecting users.

An incomplete guide to stealth addresses:https://t.co/21Q18BrD30In the blog post, Buterin explained how on-chain transactions can be carried out between two parties with anonymity.

Firstly, a user looking to receive assets will generate and keep a “spending key” which is then used to generate a stealth meta-address.

Read more on cointelegraph.com
The website financemag.cash is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA