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Ethereum Foundation has launched a service to protect against blind signing of transactions - ForkLog: cryptocurrencies, AI, singularity, the future
A working group involving the Ethereum Foundation (EF), wallet developers, and cybersecurity firms introduced the Clear Signing initiative — a protective mechanism against attacks through blind transaction signing.
The project's goal is to standardize blockchain operation descriptions and make them understandable for users.
As part of the initiative, EF introduced:
When confirming transactions, wallets often display technical data as a hash code. Scammers exploit this by inserting malicious contracts. ERC-7730 introduces the "what you see is what you sign" format. It allows applications to provide clear and structured descriptions of blockchain actions.
Ledger, MetaMask, WalletConnect, Fireblocks, Trezor, and other major industry players participated in developing the standard. The authors urged creators of decentralized applications and crypto wallets to adopt ERC-7730 so that "transparent signing" becomes the default standard on the Ethereum network.
Recall that in March, Gnosis and Zisk, with EF support, created a framework to unify the fragmented ecosystem of second-layer networks.
In April, Gnosis co-founder Frederike Ernst announced that the project might attract not only L2 solutions.