ZenGo Proposes EIP-6384 to Tackle Offline Signature Exploits

The crypto security and wallet provider ZenGo proposed a solution, known as EIP-6384, to tackle the problem of offline signature exploits. Such exploits have led to attackers deceiving users into signing hard-to-read wallet messages to steal crypto assets and NFTs.

The EIP-6384 proposal seeks to make offline signatures both secure and easily readable for users. By building upon the existing offline signature standard EIP-712, ZenGo has added a view-only function to smart contracts that translates the message into a human-readable form.

By implementing EIP-6384, all Ethereum smart contracts would assume the responsibility of providing a clear explanation of the message, preserving the fee-less transaction experience of decentralized apps. This change would allow wallet users to receive a clear and understandable description of the message they are being asked to sign, allowing them to make an informed decision while signing transactions.

Source

Wallet

Related News
Crypto wallet Phantom confirms it won’t launch a token amid airdrop rumors Crypto wallet Phantom confirms it won’t launch a token amid airdrop rumors
BingX launches ‘ShieldX’ wallet firewall months after $52M hack BingX launches ‘ShieldX’ wallet firewall months after $52M hack
Crypto wallet Exodus donates $1.3M to help ‘mobilize’ US crypto voters Crypto wallet Exodus donates $1.3M to help ‘mobilize’ US crypto voters
MetaMask Wallet Introduces Ethereum Pooled Staking Service MetaMask Wallet Introduces Ethereum Pooled Staking Service
MetaMask Introduces New Feature Smart Transaction to Avoid MEV MetaMask Introduces New Feature Smart Transaction to Avoid MEV
Latest News More More
1 Day Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
1 Day Ago Fetch.ai launches $10M accelerator for AI agent startups
2 Days Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
2 Days Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
3 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open