`Vitalik` offers `invisible address` idea to disguise identity for NFT owners

Vitalik” offers an idea of ​​”invisible addresses” to help disguise the identity of NFT owners, along with examples of medical information owners should maintain. “Privacy Data” can be in the form of tokens. While the resistance is seen This will make it more difficult to track down stolen NFTs due to lack of a clear location.

Ethereum founder Vitalik Buterin on Monday tweeted his desire to enable stealth addresses for tokens based on the ERC-721 standard. It is a group of NFTs on the Ethereum network, with Buterin attaching a link to ethresear.ch in a Twitter message. Information from the website revealed that This system allows users to receive – send Including creating and destroying NFT tokens anonymously.

who writes research on invisible addresses Expanding on Buterin’s idea is Anton Wahrstätter, a researcher and lecturer at the Institute for Decentralized Accounting and Token Economics (WU) and research fellow at the Cryptocurrency Economics Research Institute. Wahrstätter was actually inspired by the Invisible Address blog that Buterin wrote in January.

In the blog, Buterin explains the need for a Proof of attendance protocol (POAP) for NFTs that can secure user privacy in a world that uses Soulbound tokens. (Soulbound is the concept of Buterin to use NFT tokens as documentation of users in the Web3) system.

Buterin, for example: Sensitive medical data, such as vaccination history, is necessary for data subjects to maintain the privacy of these data in the form of digital tokens. This is not just a privacy tool. But it will be an important cog of security for a wide range of online platform users.

See also  Test winner mattress Emma One greatly reduced

But not everyone agrees with this proposal. Buterin

***different perspective on safety

Although the discussion of enabling invisible addresses is consistent with the concept, Buterin’s “Decentralized Society” (DeSoc), but a number of users have expressed concerns online about how invisible addresses are used. This requires the digital signature of another person to authorize the transaction. With today’s NFT ecosystem, this invisible address is a boon to thieves and attackers as it makes it virtually impossible to retrieve spy NFTs. Because there is no clear address for cyber detectives to trace the bad guys on the blockchain network. This makes tracking stolen NFTs even more difficult.

However, in the Soulbound token’s technical whitepaper and on Buterin’s blog, the idea is that by the time social recovery crypto wallets are widely adopted, it will be able to address the problem of social recovery. It can be derived from the invisible address system for standard ERC-721 tokens.

[Social Recovery  Wallet คือ กระเป๋า    คริปโทฯ ที่สามารถตั้งค่าให้การอนุมัติธุรกรรมแต่ละครั้งจะต้องมีการลงลายเซ็นดิจิทัลจากบุคคลอื่นร่วมด้วย โดยที่เจ้าของกระเป๋าและบุคคลเหล่านี้สามารถร่วมกันเปลี่ยนข้อมูลของกุญแจดิจิทัลบนกระเป๋าได้ ซึ่งในกรณีที่ข้อมูลของกุญแจโดนขโมยไป คนร้ายจะไม่สามารถอนุมัติการทำธุรกรรมเนื่องจากกุญแจดิจิทัลที่ขโมยมาถูกเพิกถอนสิทธิ์ในการใช้งานไปแล้ว]

In the Social Recovery crypto wallet, users can authorize transactions to up to 5 trusted parties, who are listed as The “Guardian Group” of the respective crypto wallet, the “Guardian Group” has the power to change the private information. Key [กุญแจลับเข้ารหัสสำหรับการอนุมัติธุรกรรมและพิสูจน์ความเป็นเจ้าของสินทรัพย์ดิจิทัล] assigned to take care in the event that the key information is leaked to outsiders It can be said to be a security wall for crypto wallets. Because there will be another guard to help protect the crypto wallet.

Buterin states that the ability to authorize transactions to trusted individuals coupled with ease of use and ease of use are the three key features of a crypto wallet. that is truly safe

See also  Electricity and gas offers, how to compare rates to choose the best one. PHOTO

It is worth noting that Buterin has published a blog post on the issue of enhancing the security of crypto wallets. It has been around since January 2021, which is just a few months before the NFT market’s biggest bullish all year long. More than a year later crypto wallet There is still a risk of being attacked by a wide range of hacks. This is a recent incident when Solana Coin users were targeted for espionage. There are over 8,000 crypto wallets where data has been leaked and digital assets have been completely stolen.

Some may argue that Buterin’s idea is counterproductive to the core philosophy of blockchain technology in creating a new, centralized economy. by having transparent and publicly available transaction information This is one of the key features of NFT and all cryptocurrencies. There are also companies that are now pushing forward with Buterin’s vision for a long-term decentralized social system by making the world of Web3 happen. But all of this would be useless if the wallet that It is used to store our sensitive assets and personal data on the blockchain solely as a tool for the powers to play dishonestly by using clandestine trickery under the guise of protecting user privacy.

Source: nftnow

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.