Ethereum: Is it actually possible to create a “verifiably unspendable” address?

An unstoppable address: Can Ethereum achieve this goal?

In recent years, the concept of unimaginable addresses (VUA) has attracted considerable attention to cryptocurrency enthusiasts and researchers. This term refers to a kind of digital address that cannot be issued or changed without disclosing the previous owner, which in theory makes it protected from double expenses. While some experts believe that Ethereum has the potential to introduce a POB mechanism (evidence of burns), others claim that this goal could be contradictory due to technical restrictions and scalability problems.

What is an unstoppable address?

An unacceptable address that can be verified is the Ethereum’s address with which the means can be issued without disclosing the identity of the previous owner. To achieve VUAS, one address must meet two conditions:

1
Burns Evidence : The address was burned using a certain transaction (i.e. its balance was reduced).

  • uncertainty : If the original owner issues his or her funds to this address, it cannot be changed or discharged without discovery.

ethereum’s drown of decinsmich

Ethereum POB is designed to ensure its blockchain integrity and constant. The burning mechanism of burn includes a user balance with a transaction containing Ethereum Gas GWei (GWei) payment. This payment ensures that the burn transaction is not too small. If the original owner issues his or her funds to this address, the gas consumption of the transaction is checked.

Can Ethereum obviously introduce unstoppable addresses?

Theoretically, Ethereum vuas could introduce with their POB mechanism to:

1
Introduction of new transaction types : Developers can create special types of transactions that meet both conditions: evidence of combustion, not safer.

  • A more sophisticated algorithm (evidence of work (POW) : Using: Researchers have suggested alternative POW algorithms, such as Byzantine Damage Tolerance (BFT), which may reach higher security standards and at the same time maintain Ethereum scalability.

However, there are several challenges to deal with:

* Scalability : Vuas may not be able to scale well due to its dependence on complex transactions and job mechanisms.

* Security : Pow -algorithm scalability restrictions could affect its overall security.

* Compatibility : VUA may need significant changes in Ethereum’s network architecture that could be difficult to implement.

Commission XCP solution

In the White Paper of 2020, the counterparty (decentralized organization) recommended an alternative solution with XCP (Ethereum Classic), an Ethereum blockchain fork. Your approach was to create a new type of transactions that meet both conditions: evidence of combustion, not safer.

Using their customized transaction types and the provision algorithm, they showed that using XCP addresses, it is really possible to create vuas on Ethereum. However, this solution is limited to the use of a special counterparty fork and can easily be transferred to other Ethereum -based networks.

Diploma

While Ethereum has promised promising, introducing immediately unstoppable addresses, considerable technical problems and scalability problems must be taken into account before implementing such a function. Ethereum of VUA requires expert cooperation from various areas, including cryptography, computer science and blockchain engineering.

Meanwhile, researchers continue to study alternative solutions with other blockchain platforms or customized solutions that may better meet the requirements of the address to be tested.

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