Fluidkey has introduced it has opened its Optimism-based alpha to extra customers, permitting them to check their personal options. Fluidkey seeks to unravel the transaction privateness downside in EVM chains by leveraging ENS and stealth addresses, permitting customers to make use of a brand new self-custodial asset for every cost, and segregating these actions to keep away from linkability.
Fluidkey Opens Alpha to Sort out Cost Traceability in EVM Networks
Fluidkey, a privacy-oriented venture, has introduced that it has opened the doorways for customers to be included in its alpha testing operations on high of Optimism. The venture seeks to sort out the privateness downside of public addresses in Ethereum Digital Machine (EVM) chains, the place all transactions are related to only one handle.
Fluidkey combines Ethereum Title Service (ENS) domains with stealth addresses to this finish, permitting the person to generate a distinct self-custodial handle for every cost 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 person, 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 answer that enables for ENS area integration, facilitating its implementation throughout a number of initiatives with out rewriting software program for this activity.
Whereas Fluidkey breaks cost linkability, stopping an exterior person from connecting a cost with a receiving handle, 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 related options.
The instrument is presently solely featured in Optimism, however it’s projected to be applied on Ethereum Mainnet, Arbitrum, Polygon, Base, and Gnosis Chain.
The venture has been within the works since 2023 when it was one of many winners of the Ethrome Web3 hackathon.
What do you concentrate on Fluidkey and its strategy to tackling the privateness points offered in EVN public chains? Inform us within the feedback part beneath.
