Does the very unfounding abundance go: can Ethereum achieve this goal?
In recent years, the concept of verifiably essential addresses (VUA) has attracted significant attention among cryptocurrency fans and researchers. This notion refers to a type of digital direction that cannot be spent or modified without being revealed to its former owner, which makes it theoretically safe against double expense attacks. While some experts think that Ethereum has the potential to implement the VUA using its burning test mechanism (POB), others argue that this objective can be impracticable due to technical limitations and scalability problems.
What is a verifiable address that is not respectable?
An unfounded verifiable address is an Ethereum address that can be used to spend funds without revealing the identity of the previous owner. To get to the VUA, an address must meet two conditions:
- Burning test : The address burned (that is, its balance was reduced) using a specific transaction.
- Independence : When the original owner spends his funds in this direction, he cannot be modified or spent without being revealed to them.
Ethereum burns mechanism
Ethereum Pob is designed to guarantee the integrity and immutability of its blockchain. The combustion mechanism test implies burning a user’s balance using a transaction that includes a GWEI Gas Ethereum (GWEI) payment. This payment guarantees that the burning transaction is not insignificant and when the original owner spends his funds in this direction, the use of transaction gas will be verified.
Ethereum can implement verifiable addresses that are not respectable?
In theory, Ethereum could implement vua using its poor mechanism by:
- Presentation of new types of transactions : developers could create specific types of transactions that meet the two conditions: burns and independence test.
- Use of a more sophisticated work test algorithm (POW) : Researchers have offered alternative Pow algorithms such as Byzantine defects (BFT), which could achieve the safety of standards while maintaining scalability of Ethereum.
However, several challenges must be met:
* Evolution : VUA cannot evolve well due to their dependence on complex transactions and work test mechanisms.
* Security : Limitations of scalability of the Pow algorithm could compromise their general safety.
* Interoperability : VUA may require significant changes in the architecture of the Ethereum Network, which could be difficult to implement.
Connect XCP solution
In a white paper in 2020, the counterpart (a decentralized organization) proposed an alternative solution using XCP (Ethereum Classic), a blockchain ethhereum fork. Its approach involved the creation of a new type of transaction that satisfies the two conditions: burns and registration test.
Using their personalized transaction types and work evidence, they have shown that in fact it is possible to create VUA in Ethereum using XCP addresses. However, this solution is limited to the specific use of the counterpart fork and may not be easily transferable to other networks based on Ethereum.
Conclusion
While Ethereum turned out to be promising in the implementation of checks that can be verified, important technical challenges and scalability problems must be solved before such functionality can be implemented. The development of Vuas Sur Ethereum will require the collaboration of experts from several fields, including cryptography, computer science and engineering.
Meanwhile, researchers continue to explore alternative solutions using other blockchain platforms or solutions as they could better meet the requirements of verifiable and non -compensable addresses.
