š Ethereumās New Security Idea Could Stop a Bad Transaction Before It Settles
The Ethereum Foundation is exploring a way for transactions to check their actual outcomeānot just what a user thought they signed.
RESEARCH / PROPOSED: In an October 5 post, the Foundation described ānative transaction assertionsā as one possible defense against blind signing and unexpected transaction results.
In simple terms, a transaction could include a ruleāsuch as āreceive at least this muchā or ādonāt change this accountās control settings.ā If the final result breaks the rule, the transactionās actions would revert.
But this is not live on Ethereum. The Foundation discusses EIP-7906 as one possible design; it is āConsidered for Inclusion,ā not confirmed for an upgrade.
Thereās also a catch: wallets or protocols would need to include and enforce the right assertions. A poorly chosen ruleāor no rule at allāwould not protect the user.
The takeaway: Ethereum is researching a stronger safety check for transaction outcomes, but this remains a design-stage idea, not a feature users can rely on today.
Click the $ETH widget below and check the latest developments.
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#Ethereum #Crypto #Write2Earn
Not financial advice. DYOR.
The Ethereum Foundation is exploring a way for transactions to check their actual outcomeānot just what a user thought they signed.
RESEARCH / PROPOSED: In an October 5 post, the Foundation described ānative transaction assertionsā as one possible defense against blind signing and unexpected transaction results.
In simple terms, a transaction could include a ruleāsuch as āreceive at least this muchā or ādonāt change this accountās control settings.ā If the final result breaks the rule, the transactionās actions would revert.
But this is not live on Ethereum. The Foundation discusses EIP-7906 as one possible design; it is āConsidered for Inclusion,ā not confirmed for an upgrade.
Thereās also a catch: wallets or protocols would need to include and enforce the right assertions. A poorly chosen ruleāor no rule at allāwould not protect the user.
The takeaway: Ethereum is researching a stronger safety check for transaction outcomes, but this remains a design-stage idea, not a feature users can rely on today.
Click the $ETH widget below and check the latest developments.
$ETH
.
.
.
#Ethereum #Crypto #Write2Earn
Not financial advice. DYOR.