Vitalik Buterin recently shared his ideas on Twitter for a faster Ethereum. Another feature may be imminent in the Ethereum ecosystem as the founder shares possible solution suggestions.
Vitalik Buterin introduced a new feature for Ethereum: Private addresses
A developer from the Ethereum community introduced the “hidden addresses” feature on ethresear.com on August 8. Each secret address consists of a user’s address hash, token ID, and a unique secret parameter. The address used to store assets is determined from the user’s “leaf” in the Blockchain data hash tree.
Without secret address technology, public ledgers are “pseudo-anonymous”. This means that the address is linked to a specific person unknown to the general public. But using Blockchain analysis, the necessary links to identify the person behind the address can be quickly gathered.
Some investors and large businesses looking to avoid unwanted attention or even legal troubles may prefer this layer of security. There are special cryptocurrencies such as Monero and even Litecoin to facilitate confidential transactions that hide the sender or receiver. Private addresses in Ethereum are preparing to carry the features of cryptocurrencies in this category.
Ethereum founder says stablecoins will be decision makers
Buterin thinks centralized stablecoins like Tether (USDT) and Circle USD (USDC) could be key decision makers in future controversial hard forks. cryptocoin.comWe have quoted the explanations in this article.
