Ethereum co-founder Vitalik Buterin urged Web3 wallet developers to implement features improving privacy and security in a Dec. 3 blog post.
“[A] user only benefits from any decentralization, censorship resistance, security, privacy, or other properties that Ethereum and its applications offer to the extent that the wallet itself also has these properties,” Buterin said in the blog post.
He also proposed ways to ease transfers among Ethereum’s layer-2 (L2) scaling networks, such as Optimism and Arbitrum.
Ethereum hosts dozens of L2 scaling networks, which collectively handle more than $50 billion in total value locked (TVL), according to data from L2Beat. ...
On Nov. 26, a United States court ruled in favor of Tornado Cash, saying the US Treasury Department overstepped in sanctioning the privacy protocol. This potentially paves the way for more onchain privacy features.
Buterin also recommended integrating multisignature authorization — where several signers must authorize transactions — into all Web3 wallets for added security. ...
See the full story here: https://cointelegraph.com/news/vitalik-buterin-web3-wallets-improve-security-privacy