Fluidkey has introduced it has opened its Optimism-based alpha to extra customers, permitting them to check their non-public options. Fluidkey seeks to resolve 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 fee, and segregating these actions to keep away from linkability.
Fluidkey Opens Alpha to Deal with Fee Traceability in EVM Networks
Fluidkey, a privacy-oriented challenge, has introduced that it has opened the doorways for customers to be included in its alpha testing operations on prime of Optimism. The challenge 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 special self-custodial handle for every fee 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 fee linkability, stopping an exterior person from connecting a fee 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 comparable options.
The software is at the moment solely featured in Optimism, however it’s projected to be carried out on Ethereum Mainnet, Arbitrum, Polygon, Base, and Gnosis Chain.
The challenge has been within the works since 2023 when it was one of many winners of the Ethrome Web3 hackathon.
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