A verifiable address: Can Ethereum achieve this goal?
In recent years, the concept of the unquested addresses (VUA) has acquired considerable attention among cryptocurrency enthusiasts and researchers. This concept refers to the type of digital address that cannot be spent or changed without disclosing its previous owner, making it theoretically safe against double spending attacks. While some experts believe that Ethereum has the potential to introduce vuas using their burn evidence (POB) mechanism, others claim that this goal may be impossible for technical restrictions and scalability problems.
What is a verifiable address?
A verifiable address is an Ethereum address that can be used to spend funds without disclosing the identity of the previous owner. The address must meet two conditions to achieve VUAS:
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Burn Proof: Address is burned (i.e. its balance is reduced) using a certain transaction.
- Infirmability: When the original owner spends money on this address, they cannot be changed or spent, they are not disclosed.
ethereum’s drown of decinsmich
Ethereum POB is designed to ensure its blockchain integrity and constant. The burning mechanism of burn involves burning the user balance using a transaction that includes an Ethereum Gas GWei (GWei) payment. This payment ensures that the burn transaction is not insignificant, and when the original owner consumes its funds on this address, the use of the transaction gas will be checked.
Can Ethereum be fulfilled by verifiable addresses?
Theoretically Ethereum could introduce vuas using your POB mechanism with:
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Introduction of new transaction types: Developers could create special types of transactions that meet both conditions: evidence of burn and non -exploration.
- Using more sophisticated work evidence (POW) algorithm: Researchers have proposed alternative POW algorithms, such as Byzantine guilt tolerance (BFT), which could reach higher security standards while maintaining Ethereum’s scalability.
However, there are several challenges to deal with:
* Scalability: Vuas should not be well -scaled to relying on difficult transactions and job proof mechanisms.
* Security: Pow algorithm scalability restrictions could endanger its overall security.
* Compatibility
: VUA may need significant changes in Ethereum’s network architecture that could be difficult to implement.
A business partner XCP solution
In the white paper of 2020, the counterparty (decentralized organization) proposed an alternative solution using the XCP (Ethereum Classic), an Ethereum blockchain fork. Their approach included new types of transactions that meet both conditions: evidence of burns and non -evaluation.
Using their customized transaction types and the provision algorithm, they showed that using XCP addresses, it is indeed possible to create VUA on Ethereum. However, this solution is limited to the particular case of the counterparty’s fork and may not be easy to transfer to other Ethereum -based networks.
Conclusion
While Ethereum has shown a promise to introduce an outstanding address, you need to deal with major technical problems and scalability problems before implementing such a function. The development of VUA on Ethereum will require collaboration between experts in various fields, including cryptography, computer science and blockchain engineering.
Meanwhile, researchers continue to study alternative solutions using other blockchain platforms or ordered solutions that could better meet the requirements of verified invalid addresses.