Blank features beyond basic privacy (#2): Protecting your IP in DeFi
This post is the second part of a series in which we will explore and detail the Blank Wallet’s upcoming features that go far beyond basic privacy.
While decentralized finance (DeFi) is unlocking unseen potential for permissionless and counterparty risk-free financial services, this nascent technology also comes with its caveats. Blockchain tech is mostly pseudonymous, especially when considering Ethereum. While there are no KYC verification requirements to interact with the Ethereum network, there are still privacy limitations.
These limitations and security concerns are some of the things we are aiming to fix here at BLANK, along with user-centric problems that can be detrimental to the user and the wider DeFi space.
In order to interact with the world of DeFi, users must rely on multiple third-party services: From node to service providers like price feeds, block explorers, transaction relayers, and others. These resources can sometimes have access to the user’s IP address along with compromising information regarding the addresses used and transactions made through the wallet’s API calls.
TOR and VPN Integration: The next step in crypto privacy
These resources can, in theory, track users’ IP addresses through the requests made for deposits or withdrawals. Put simply, this allows them to attach an identity (or narrow it down) to a wallet address when it is used on said platforms.
In order to ensure users can protect themselves, BLANK will be integrating with the Tor Network and with VPN service providers. These help hide users’ IP address when surfing the web. By integrating these technologies into the Blank wallet, we can protect users from this risk.
Data leaks can happen and users’ information can be exposed to ill-intent characters. We’ve witnessed over and over in the past with traditional finance platforms and many other websites. That is why we believe that integrating technologies like Tor and VPNs is extremely beneficial for our users and should be a high priority in our development roadmap. You can read more about this upcoming feature in our whitepaper.
Read our previous Blank Wallet features beyond basic privacy post: Tackling Frontrunning bots and stay tuned for additions to this segment.
About Blank Wallet
Blank is the most private, non-custodial Ethereum browser extension wallet.
Blank allows the user to easily interact with privacy smart contracts on Ethereum to hide the amounts and the origins of cryptocurrency held in a decentralized, non-custodial, and frictionless manner.
Blank solves the problem of privacy in crypto transactions. Each time you want to make a withdrawal, Blank will create a new wallet address for you with the amount of crypto you requested. This address originates from the smart contract, where everyone’s funds are pooled. All of this is achieved using cryptographic proofs to ensure that the user cannot be linked with the original depositing address.
With crypto transactions increasing, on-chain transaction privacy is being highly discussed to keep you safe from exposing yourself. Blank has developed a system that adds the ultimate protective layer to your crypto transactions while facilitating every function that other wallets offer.
Anyone can easily install Blank and start reaping the privacy benefits in no time at all. Besides the smart contract functionality, Blank wallet offers a higher level of privacy due to Tor integration. Upcoming functionality includes DeFi web3 integrations as well as support for Metamask Snaps Plugins to allow for seamless connectivity and usage.
Reclaim privacy on your Ethereum transfers. Go Blank.
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