Ethereum

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Security

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/vitalik-buterin-advocates-for-improved-security-and-privacy-in-web3-wallets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Vitalik Buterin Advocates for Improved Security and Privacy in Web3 Wallets</a><br></p>
<p style="text-align: justify">Vitalik Buterin, co-founder of Ethereum , urged <a href="https://en.coin-turk.com/vitalik-buterin-advocates-for-improved-security-and-privacy-in-web3-wallets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Web3</a> wallet developers to prioritize security and privacy in decentralized wallets. In a blog post dated December 3, 2024, Buterin emphasized that wallets should be designed to enhance decentralization and privacy.</p>
<h2 id="integration-of-privacy-features">Integration of Privacy Features</h2>
<p style="text-align: justify">Buterin stated that privacy in Web3 wallets should not be an optional feature but an integral part of all wallets. Currently, users have to resort to specialized “privacy wallets” when they wish to conduct private transactions. He pointed out that this approach creates additional challenges for users and limits the number of individuals willing to participate in private transfers.</p>
<h2 id="simplifying-layer-2-transfers">Simplifying Layer-2 Transfers</h2>
<p style="text-align: justify">Buterin proposed adopting a standard wallet address format to minimize the complexity of <a href="https://en.coin-turk.com/ripple-lawyer-targets-that-meme-token-major-allegation-fraud/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> transfers among Ethereum’s Layer-2 (L2) networks. This would facilitate token sending across different L2 networks and improve the overall user experience.</p>
<h2 id="advanced-security-systems">Advanced Security Systems</h2>
<p style="text-align: justify">Furthermore, Buterin highlighted the need for better security features in Web3 wallets to combat malicious activities. He suggested a two-layer security system incorporating social recovery and multi-signature combination with graded access control. In this system, users would hold the primary key for low-value transactions, while critical changes for high-value transactions would require the majority agreement of custodians.</p>
<p style="text-align: justify">Buterin’s call supports the principle of decentralization, previously emphasized in his plans for enhancing the Ethereum network. Prioritizing privacy, security, and user experience in the Web3 ecosystem could boost platform adoption.</p>
<p style="text-align: justify">In conclusion, implementing the proposed security and privacy improvements could enable Ethereum users to conduct safer and more confidential transactions.</p>
<p>The post <a href="https://en.coin-turk.com/vitalik-buterin-advocates-for-improved-security-and-privacy-in-web3-wallets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Vitalik Buterin Advocates for Improved Security and Privacy in Web3 Wallets</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Vitalik Buterin Advocates for Improved Security and Privacy in Web3 Wallets

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