Ethereum Founder Buterin Weighs a More Private Transaction System
- Buterin proposes ‘stealth addresses’ to improve user privacy
- The proposal comes amid more scrutiny on obscured transactions
Vitalik Buterin
Photographer: Lionel Ng/BloombergThis article is for subscribers only.
Ethereum co-founder Vitalik Buterin has proposed a new system that would allow the blockchain’s users to generate obfuscated addresses and receive funds privately on the network.
The new system can provide more privacy for user activities ranging from money and financial transactions as well as non-fungible token transfers by allowing users to create “stealth addresses” where they can conduct private transactions with a special code.