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Ethereum co-founder Vitalik Buterin proposed stealth addresses as a potential way to obscure NFT ownership. But Erin did a post saying that this would be a lighter solution for private nfts versus certain alternative methods.
Ethereum co-founder vitalik buterin offered stealth addresses for anonymous nft ownership. But Erin did an article in August. 8, To suggest that stealth addresses would be a much lighter solution for NFT's private ownership, responding to an article on the use of merkles or zk-snarks for the same. He also suggested that the system could be extended to smart portfolios.
Idea: addresses furtives for erc721s.
A low-tech approach to add a large portion of privacy to the TN ecosystem.
So you would be able to eg. Send an nft to vitalik.eth without anyone other than me (the new landlord) being able to see who the new landlord is.https://t.co/UdqK6NAYjn
— vitalik.eth (@VitalikButerin) August 8, 2022
Buterin did note that there would be the challenge of working out how to pay fees. On August 8, 2022Buterin noted that determining how to pay the fees would be a challenge. He said,
“If you get an ERC721 without enough ETH, then you can tornado some ETH in to keep the transfer chain going. He said, "If you get an ERC721 without sufficient ETH, then you can tornado a few ETH in to maintain the current transfer chain.
However, there may be a better generic solution that uses specialized researchers or block builders." It’s an idea with a lot of potential for NFTs, and it may not be long before the market sees such a feature.
This is an idea that has great potential for ETFs, and it is possible that the market will soon see such functionality.
But Erin doesn't expect that Ethereum will get hurt by a pitchfork. With respect to the upcoming merger event expected in September.”
He believes that “pretty much everyone” supports the transition to proof-of-stake, and that he does not expect substantial, long-term adoption of a proof-of-work alternative. "He believes that "just about everyone" supports the transition towards proof of the issue, and that he does not expect substantial adoption, in the long run, of proof of alternative work.
But Erin just insisted on the fact that he didn't want people losing money, no matter what.
The Merge event slated for September is one of the biggest developments in the Ethereum ecosystem and will set the stage for the network’s future. The merger event scheduled for September is one of the most important developments in the Ethereum ecosystem and will pave the way for the future of the network.
The ETH asset has been performing well in the lead-up to the Merge, with inflows for six weeks straight. There has also been some discussion about ETH becoming more attractive to institutional investors after the Merge.
