🥷 Vitalik proposes new stealth address system to increase privacy on ETH

🥷 Vitalik proposes new stealth address system to increase privacy on ETH 💱 US banks unveil plans for a new digital wallet 🏋️‍♂️ OpenSea notches a monthly sales increases for first time in a year

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🥷 Vitalik proposes new stealth address system to increase privacy on ETH

💱 US banks unveil plans for a new digital wallet

🏋️‍♂️ OpenSea notches a monthly sales increases for first time in a year

Vitalik proposes new stealth address system to increase privacy on ETH

Ethereum development is continuing to evolve and improve, as evidenced by the recent proposal from Vitalik Buterin.

He proposes a "stealth address system" to improve privacy and security of transactions on the Ethereum blockchain. Stealth addresses are cryptographically obfuscated public addresses that would allow any Ethereum wallet to receive funds in a private manner. When someone is sending funds, they would have to provide both the stealth address and a special code called a "spending key" in order to access the funds.

This proposed system would help secure user anonymity by making it much harder for third parties to determine who is sending or receiving payments on the Ethereum blockchain. It would also be a major step forward in terms of overall security, as it would make it more difficult for malicious actors to target specific users or funds.

Not sure whether the government would allow this system to be implemented, as it could still potentially lead to money laundering or other illicit activities. It would be interesting to see what the final outcome is of Vitalik's proposal and whether or not it will be adopted in the future.

US banks unveil plans for a new digital wallet

The largest US banks have made a move to compete in the digital payments space. The banks have announced plans to launch a new digital wallet service, powered by the money-transfer system Zelle, that will allow customers to make transactions quickly and securely.

The platform is expected to rival existing services like Apple Pay and PayPal while giving users access to enhanced security features and a streamlined checkout experience. The digital wallet will allow customers to make payments and receive money from friends, family or businesses with just a few clicks. Additionally, users will be able to store credit and debit cards in the app for quick access at checkout.

This future wallet will also allow customers to make online purchases without the need to enter their card numbers each time. Instead, banks will use EWS (Enhanced Payment System) to access user information and connect it with banks, so they can take their pick or give up on the purchase.

This move by US banks comes at a time when digital payment solutions are in high demand. With this new digital wallet, banks are hoping to provide customers with a secure, user-friendly option for making online payments and transferring funds. The platform is expected to be available some time in 2023.

Crypto and blockchain enthusiasts are optimistic about this move as it will make the banking industry more competitive, leading to increased security and more options for customers.

OpenSea notches a monthly sales increases for first time in a year

It seems that the NFTs are slowly popping back up after a year of stagnation. The increase in sales has been attributed to Ethereum's growth and the increasing popularity of NFTs among collectors and investors.

OpenSea's sales growth has been steady over the past few months, with more than double the amount of transactions being made in January compared to December. This suggests that the NFT market is gaining traction and may eventually reach heights not seen since at least April 2022.

This increase in popularity can be attributed to a number of factors such as the increasing acceptance of blockchain technology, the ability to trade NFTs securely, and the wide variety of digital assets being offered on platforms such as OpenSea. Collectors have been more willing to invest in these non-fungible tokens, with some even trading them for a profit.

It remains to be seen if OpenSea can maintain its upward trend or if it will eventually level off. Nevertheless, the recent surge in NFT sales is certainly good news for the blockchain industry. As more people become aware of the benefits of buying and trading non-fungible tokens, it could open up a world of opportunities for both investors and collectors alike.