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12/05/26 16:19 UTC-04

Ethereum Foundation Intends to Solve a Long-Standing Major Problem for ETH

Ethereum Foundation, together with wallet developers and security companies, has announced a new “Clear Signing” standard aimed at solving the long-discussed issue of “blind signing” within the Ethereum ecosystem.

The open standard, developed under the “1 Trillion Dollar Security Initiative (1TS),” is designed to prevent users from approving transactions without understanding their contents.

The Foundation stated that several recent major security incidents occurred because users approved transactions without fully understanding what they were signing. In particular, incidents such as the attack on Bybit demonstrated how critical the risks associated with “blind signatures” have become.

The main goal of the new system is to implement a “what you see is what you sign” approach. Under this framework, users will see clear, readable, and structured transaction descriptions in their wallets instead of complex machine code or hexadecimal data. To achieve this, the ecosystem has introduced the ERC-7730 standard, a transaction description recording system, a verification mechanism, and various developer tools that allow wallets to display transaction behavior in a standardized way.

According to the proposed framework, any developer or team will be able to create a transaction description for a protocol. These descriptions will then be reviewed and signed by independent experts. Wallet providers will be able to choose their own trusted data sources. Separating descriptive data from transaction infrastructure is said to ensure compatibility with both current and future Ethereum applications.

Ethereum Foundation also announced that it will support the Clean Signature infrastructure as a “trusted neutral framework” and promote its adoption across the industry.

The initiative is currently supported by several ecosystem participants, including Ledger, MetaMask, WalletConnect, Fireblocks, Trezor, Keycard, Cyfrin, Sourcify, ZKnox, and Zama.

See also: "BlackRock to Launch Two Tokenized Money Market Funds Focused on Crypto Users"

#Ethereum #Ethereum (ETH)

Editor: Alyona Nabok
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