Vitalik Buterin believes that this practice for Ethereum will strengthen the security of the network. The checksum address is a key concept in Ethereum that could reduce the risk of errors and possible losses in transactions. significantly.
Vitalik Buterin believes that this practice for Ethereum will strengthen the security of the network. The checksum address is a key concept in Ethereum that could reduce the risk of errors and possible losses in transactions. significantly.
In ERC-3770, Buterin made some important recommendations, one of which was that this might be the best opportunity to require mixed case checksum addresses. Buterin urges all wallets, especially those using ERC-3770, to ensure they only produce checksum addresses.
To help prevent errors, Ethereum addresses can be hashed using checksum addresses, but what exactly are checksum addresses? In an address string they mix uppercase and lowercase letters. EIP-55 describes this system and shows how to use a checksum on Ethereum addresses to identify characters that have been misspelled.
The likelihood of an incorrectly typed address being accepted as legitimate is greatly decreased when mixed-case checksums are used to increase transaction security. Beyond simply printing checksum addresses, Buterin’s proposal does more. Additionally, he proposes requiring input to have checksum addresses. This can be done in several ways, such as making it mandatory or including an annoying click if an address is entered without having been verified.
Gamza KhanzadaevBy taking this precaution, users will be more likely to enter addresses correctly and reduce the chance of sending money to the wrong address. Backward compatibility with many current hexadecimal parsers that support mixed-case addresses is a useful advantage of this approach.
This implies that it is possible to gradually switch to checksum addresses without interfering with already built systems. Checksum addresses also retain the conventional 40-character length, helping to maintain the usability and familiarity of Ethereum addresses.
