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“Stealth address” proposed by Mr. Buterin ── Strengthening privacy protection | Coin desk Japan | Coin desk Japan

Ethereum blockchain co-founder Vitalik Buterin updated his blog over the weekend, proposing a “stealth address system” to better protect the privacy of blockchain users.

Ensuring privacy remains a major challenge for the ecosystem, and “improving this situation is a key issue,” he said.

Stealth addresses are generated by wallets and hide your public key address to transact in a private way. Access to this private transaction requires the use of a special key called a “spending key”.

Privacy protection is a big concern for the Ethereum blockchain, which is a public blockchain. Multiple privacy protection mechanisms already exist.

hide ethereum

One notable example is mixing service Tornado Cash, which Buterin says can only hide “mainstream assets such as Ethereum (ETH) and major ERC-20 tokens.” . I say no.

Stealth addresses also add privacy protection to NFT and Ethereum Name Service (ENS) domain names.

Ethereum developer Toni Wahrstätter also confirmed Buterin’s blog and said: It has a lot of potential,” he told CoinDesk.

He touched on the need for stealth addresses to expand daily cryptocurrency use. “Think especially about donations and salaries,” he said, emphasizing that many people do not want others to see their private transactions on public blockchains.

“For example, when I buy coffee at the supermarket, I don’t want the supermarket to know who I’m with, what I’m paid for, or how I spend my money. Stealth addresses are a new and very easy tool,” he said.

|Translation: coindesk JAPAN
|Editing: Takayuki Masuda
| Image: Vitalik Buterin (Ethereum Foundation)
| Original: Ethereum’s Buterin proposes “stealth address” to strengthen privacy protection



https://bitcoinwarrior.net/2023/01/mr-buterin-proposes-stealth-address-%E2%94%80%E2%94%80-strengthen-privacy-protection-coindesk-japan-coin-desk-japan/ “Stealth address” proposed by Mr. Buterin ── Strengthening privacy protection | Coin desk Japan | Coin desk Japan

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