Fluidkey Launches to Tackle the Transaction Privacy Issues on EVM Chains
Fluidkey has introduced it has opened its Optimism-based alpha to extra customers, permitting them to check their non-public options. Fluidkey seeks to resolve the transaction privateness drawback in EVM chains by leveraging ENS and stealth addresses, permitting customers to make use of a brand new self-custodial asset for every fee, and segregating these actions to keep away from linkability.
Fluidkey Opens Alpha to Deal with Fee Traceability in EVM Networks
Fluidkey, a privacy-oriented undertaking, has introduced that it has opened the doorways for customers to be included in its alpha testing operations on high of Optimism. The undertaking seeks to sort out the privateness drawback of public addresses in Ethereum Digital Machine (EVM) chains, the place all transactions are related to only one deal with.
Fluidkey combines Ethereum Identify Service (ENS) domains with stealth addresses to this finish, permitting the consumer to generate a unique self-custodial deal with for every fee made, addressing the privateness and likability points for EVM chains.
Whereas this may be achieved with out utilizing Fluidkey by managing a plethora of wallets manually, Fluidkey makes it clear to the consumer, grouping all funds below the identical ENS area to be viewable below a centralized dashboard. The answer is designed to be built-in into each resolution that permits for ENS area integration, facilitating its implementation throughout a number of initiatives with out rewriting software program for this activity.
Whereas Fluidkey breaks fee linkability, stopping an exterior consumer from connecting a fee with a receiving deal with, it does allow transaction traceability. This eases the work for customers to reveal the origin funds to trusted third events like tax authorities or auditors, differentiating from mixers and different comparable options.
The software is at the moment solely featured in Optimism, however it’s projected to be applied on Ethereum Mainnet, Arbitrum, Polygon, Base, and Gnosis Chain.
The undertaking has been within the works since 2023 when it was one of many winners of the Ethrome Web3 hackathon.
What do you consider Fluidkey and its strategy to tackling the privateness points introduced in EVN public chains? Inform us within the feedback part beneath.
