{"id":165770,"date":"2024-05-08T11:11:27","date_gmt":"2024-05-08T11:11:27","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=165770"},"modified":"2024-05-08T11:11:31","modified_gmt":"2024-05-08T11:11:31","slug":"vitalik-buterin-proposes-game-changing-security-boost-for-ethereum-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/vitalik-buterin-proposes-game-changing-security-boost-for-ethereum-what-you-need-to-know\/","title":{"rendered":"Vitalik Buterin Proposes Game-Changing Security Boost for Ethereum: What You Need to Know"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Buterin\u2019s Security Proposal<\/span><\/strong><span data-preserver-spaces=\"true\">: Vitalik Buterin suggests a new transaction type for Ethereum, enhancing security by separating contract code and transaction origin and simplifying interactions with minimal changes for developers.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Advantages and Concerns<\/span><\/strong><span data-preserver-spaces=\"true\">: The proposal promises a unified code ecosystem and improved\u00a0<\/span><span data-preserver-spaces=\"true\">security,<\/span><span data-preserver-spaces=\"true\">\u00a0but raises centralization concerns due to reliance on managed code pieces.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Pectra Upgrade Anticipation<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: The Ethereum community looks forward to the Pectra upgrade, which will integrate EIP 3074, introduce a social recovery tool, and enable transactions without ETH in wallets, aiming to make Ethereum more accessible and user-friendly.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/vitalik-buterin\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Vitalik Buterin<\/span><\/a><span data-preserver-spaces=\"true\">,<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0the visionary co-founder of Ethereum,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">has recently\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/hackmd.io\/@vbuterin\/3074_via_tx_type\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">unveiled\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">a groundbreaking proposal\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">that could significantly enhance the security and reliability of the Ethereum network.\u00a0<\/span><span data-preserver-spaces=\"true\">His alternative to EIP 3074 introduces innovative features\u00a0<\/span><span data-preserver-spaces=\"true\">aimed at minimizing<\/span><span data-preserver-spaces=\"true\">\u00a0risks for core developers and\u00a0<\/span><span data-preserver-spaces=\"true\">improving<\/span><span data-preserver-spaces=\"true\">\u00a0the overall ecosystem.<\/span><!--more--><\/p>\n<h2 style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Vitalik Buterin&#8217;s Proposal in a Nutshell<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Buterin\u2019s proposal centers around a novel transaction type, drawing inspiration from EIP-2930. Here are the key components:<\/span><\/p>\n<ol style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Contract Code String and Signature<\/span><\/strong><span data-preserver-spaces=\"true\">: The new approach involves verifying that the contract code of the signer is initially empty. Subsequently, it sets the contract code to a specified value during the transaction, only to reset it to empty again at the transaction\u2019s conclusion.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">This clever design ensures that the signer\u2019s contract code and the transaction origin remain distinct<\/span><\/strong><span data-preserver-spaces=\"true\">, providing\u00a0<\/span><span data-preserver-spaces=\"true\">both<\/span><span data-preserver-spaces=\"true\">\u00a0flexibility and heightened security.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Streamlined Interactions<\/span><\/strong><span data-preserver-spaces=\"true\">: Buterin\u2019s proposal aims for compatibility with existing EIP-3074 workflows.\u00a0<\/span><span data-preserver-spaces=\"true\">By<\/span><span data-preserver-spaces=\"true\">\u00a0transforming complex commands like AUTH and AUTHCALL into simpler verify and execute functions associated with externally owned accounts (EOAs)<\/span><span data-preserver-spaces=\"true\">,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">the proposal maintains operational integrity while enhancing process efficiency<\/span><span data-preserver-spaces=\"true\">.<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Minimal Integration Adjustments<\/span><\/strong><span data-preserver-spaces=\"true\">: Buterin emphasizes that his method seamlessly aligns with any EIP-3074 workflow. Developers won\u2019t need to make significant changes to integrate this security boost. Moreover,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">it supports forward compatibility with endgame account abstraction, avoiding the introduction of new opcodes<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0that could lead to redundancy in future blockchain contexts.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Temporary Contract Functionalities for EOAs<\/span><\/strong><span data-preserver-spaces=\"true\">: The proposal also enables EOAs to temporarily take on contract functionalities.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">This flexibility ensures compatibility with the current EntryPoint architecture,<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0allowing EOAs to perform specific tasks without compromising security.<\/span><\/li>\n<\/ol>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-165772\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/VitalikButerinEIP.jpg\" alt=\"Vitalik Buterin Proposes Game-Changing Security Boost for Ethereum: What You Need to Know\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/VitalikButerinEIP.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/VitalikButerinEIP-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/VitalikButerinEIP-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Advantages and Potential Drawbacks<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Buterin\u2019s proposal offers several advantages:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Unified Code Ecosystem<\/span><\/strong><span data-preserver-spaces=\"true\">:\u00a0<\/span><span data-preserver-spaces=\"true\">By maintaining compatibility with existing workflows,<\/span><span data-preserver-spaces=\"true\">\u00a0the proposal ensures a unified code ecosystem.<\/span><span data-preserver-spaces=\"true\">\u00a0This cohesion will likely remain relevant as\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-ethereum\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Ethereum\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">evolves.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Enhanced Security<\/span><\/strong><span data-preserver-spaces=\"true\">: The distinct separation of contract code and transaction origin enhances security, reducing the risk of vulnerabilities.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">However, there are potential drawbacks:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Centralization Concerns<\/span><\/strong><span data-preserver-spaces=\"true\">: Critics argue that the proposal may introduce centralization, as it relies on managed code pieces. Trust in these components becomes crucial.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Pectra Upgrade on the Horizon<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">As the Ethereum community eagerly awaits the Pectra upgrade, scheduled for late 2024 or early 2025, excitement is palpable.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">This significant update will centrally integrate EIP 3074, revolutionizing how users interact with Ethereum wallets.<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Key features include a novel social recovery tool and the ability to conduct transactions without holding ETH in wallets.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">These advancements promise to lower barriers for newcomers and empower users in unprecedented ways. Stay tuned for further developments as Ethereum continues its journey toward a more secure and user-friendly future.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Buterin\u2019s Security Proposal: Vitalik Buterin suggests a new transaction type for Ethereum, enhancing security by separating contract code and transaction origin and simplifying interactions with minimal changes for developers. Advantages and Concerns: The proposal promises a unified code ecosystem and improved\u00a0security,\u00a0but raises centralization concerns due to reliance on managed code pieces. Pectra Upgrade Anticipation: &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Vitalik Buterin Proposes Game-Changing Security Boost for Ethereum: What You Need to Know\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/vitalik-buterin-proposes-game-changing-security-boost-for-ethereum-what-you-need-to-know\/#more-165770\" aria-label=\"More on Vitalik Buterin Proposes Game-Changing Security Boost for Ethereum: What You Need to Know\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":165771,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,70,74],"tags":[4620,4679,4872],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165770"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=165770"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165770\/revisions"}],"predecessor-version":[{"id":165773,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165770\/revisions\/165773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/165771"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=165770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=165770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=165770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}