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🔥Ethereum Foundation Launches Clear Signing
@ethereumfndn just announced Clear Signing to address the biggest issue in Web3 wallets: users must sign transactions without verification of who they are granting permissions to, and with how much assets.
With Clear Signing, wallets can display transactions more clearly: which token is swapped for which, how much money is sent, what assets are received, which contract is approved, token usage limits... Simply put, users will know what they are signing before pressing confirm.
This feature is quite basic but has been a UX vulnerability that has existed since Ethereum's inception. Many wallet drains are not caused by complex hacks but by blind signing — users are tricked into signing malicious transactions, but the wallet does not display enough information to recognize it.
Ethereum took nearly a decade to launch a basic feature of CeFi.