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Ethereum: Remove from dynamic reception addresses
From the second quarter of 2023, the Ethereum network of dynamic reception addresses for all eliminated wallets, including those using QT -Wallet (QT) software. This change is part of a greater effort to improve the security and reduce the risk of malicious actors who use this security sensitivity.
The problem with dynamic reception addresses
The dynamic reception addresses are generated by the software on the basis of the user’s or private key seed phrase. This method has been spread in the past, but has been used by attackers who can use these addresses to reject the accounts without being recognized.
In particular, the problem was that dynamic reception addresses with phishing attacks or other forms of social engineering could be easily false. If an attacker has received a user or phrase of private key seeds, he can generate a clear wallet address and then transfer money into it, which actually drains the account.
New approach: Static Reception Addresses
Ethereum followed a new approach for receiving addresses, which are based more on static keys than on dynamic phrases of seeds. This change was possible by significant improvements in the security of the Ethereum network, partly due to the activity of Vitalik Buterin and other team members.
According to an official Ethereum announcement, the new approach uses a combination of cryptographic techniques to generate unique reception addresses based on the user’s private key. This method is safer than dynamic addresses, as it eliminates the possibility of attackers who use the address for falsifying or using phishing attacks.
Advantages of new approaches
The use of static reception addresses has several advantages:
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* Increased user control : Users no longer have to worry about managing several phrases of seed and private keys for each wallet.
* Faster on board : Users can quickly configure their accounts with a static reception address, without having to go through a new address.
Diploma
The transition of dynamic reception addresses is an important step forward for Ethereum safety. Using static keys, users can enjoy improved security and increased comfort when handling their wallets. If you currently use dynamic reception addresses and want to migrate to a new approach, the changes made are taken into account.