“Living happily … Transparency is one of the integral characteristics of blockchain. Therefore, the data contained in the networks are available to all. Although this increased visibility allows you to view the smallest transactions, it also exposes users to a certain form of exposure. Countless data leaks aimed at this sector have allowed to establish links between cryptomamen and their owners. Hackers widely use these disadvantages […]”, – WRITE: Businessua.com.ua
Living happily … Transparency is one of the integral characteristics of blockchain. Therefore, the data contained in the networks are available to all. Although this increased visibility allows you to view the smallest transactions, it also exposes users to a certain form of exposure. Countless data leaks aimed at this sector have allowed to establish links between cryptomamen and their owners. Hackers are widely used by these disadvantages in different ways to assign cryptophils. Vitalik Butherin, The confidential defender is convinced, Hinkal has protested the purse, which is equipped with privacy.
The key points of this article:
- Vitalik Butherin protested the Hinkal innovative wallet, which promises to improve the privacy of blockchain transactions.
- Fusaka updates for Ethereum, planned for December, are expected to increase the scalability and network safety.
When privacy rhymes with security Imagine that your IBAN provides access not only to your personal data, but also to extracts from your account, your subscriptions, sellers and sites where you buy … It would not be very convenient to disclose your income and your small expenses.
Well, blockchain transparency allows such an invasion by turning your wallet into a target for intruders. Numerous cybercrime methods, such as address poisoning and some harmful software, are insidious traps for your cryptocurrency.
The solution may well come from Hinkal, which has developed a wallet, which allows you to hide not only the balance but also interact with other addresses.
Vitalik Butherin shows great interest in any decision that protects the confidentiality of users. Ethereum co -founder protested this concept last August, sending 0.01 ETH to the invisible Hinkal wallet.
The Ethercan researcher monitors the initial transaction, but further movements are not publicly disclosed.
Transaction of the invisible khinkal wallet. Source
Hinkal’s invisible wallet offers a technical breakthrough that greatly interferes with opportunistic hackers. However, this decision does not release users from elementary care and prudence to avoid greed.
In addition, it will be necessary to succeed in coordinating privacy with the requirements of compliance with regulatory requirements.
Expecting the ability to integrate privacy protection directly into Ethereum, the network prepares its next major update.
Fusaka, the latest evolution of Ethereum, will appear in the near future. Ethereum is a blockchain that is based on the largest number of decentralized finances, tokenization and other Web3 applications. Such intensive use requires advanced opportunities for processing the increasing number of transactions and performing smart contracts. Fusaka will improve the scale of the network while maintaining security. The update will be tested since October, in various test networks. It affects both the level of consensus (FULU) and the level of execution (OSAKA).
Here’s a brief overview
Data accessibility: Perdas is a major change in this update. Second level nodes publish their transactions in blocks on Ethereum. As the second level increases, the amount of data stored in the blocks increases. This imposes significant hardware resources on the operators of the nodes. Perdas will distribute this data between different nodes to facilitate their load.
Gas restriction: The EIP-7825 limits the gas limit to 224 units for a transaction to reduce the risk of DOS.
At the same time, the block gas limit will increase more than 45 million to further improve Ethereum processing capabilities.
Fusaka has many more adjustments, and theoretically they will be deployed in the main network on December 3.
Keeping privacy in blockchains is a critical safety issue for users. Cyberincyders occur often, but physical threats to cryptocurrency owners are also anxiously increasing. However, it is necessary to dispel suspicions about illegal activities that arise in the minds and discussions of some people when the topic of privacy concerns the blockchain sector.
Source: Journalducoin.com
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