NFTs

Ledger Reveals Clear Signing Initiative, Combats Blind Signing Risks

1 Mins read

What is Clear Signing and how does it work?

Ledger’s Clear Signing initiative aims to make transaction details transparent and understandable. The initiative is based on two main principles:

  • Clear Transaction Intent: Wallets will show the type of approval being requested and the dApp making the request.
  • Human-Readable Transaction Fields: Transactions will be displayed in a format that outlines the assets involved, making them easily understandable.

This converts complex smart contract data into a human-readable format using a simple JSON schema, ensuring integration with digital asset wallets and dApps, reducing the risks associated with blind signing.

Ledger plans to release Clear Signing tools, libraries, and APIs this summer, with standards accessible via their GitHub repository to encourage adoption with the goal of making Clear Signing a standard for secure and transparent digital transactions.

Ledger encourages the digital asset community to contribute to refining the standard.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Telegram
Follow us on Twitter
Like us on Facebook

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.



Source link

Related posts
NFTs

Digital Asset Funds' AUM Climbs to New High After Drawing $2.2 Billion in a Week

1 Mins read
Bitcoin leads with $1.9 billion in inflows, as total YTD investments reach $2.8 billion. Source link
NFTs

Uniswap Plans to Release its V4 This Week

1 Mins read
The latest update aims to add flexibility to the top decentralized exchange. Source link
NFTs

TORN Surges Over 150% After US Appeals Court Lifted Tornado Cash Sanctions

1 Mins read
The U.S. court found that smart contracts can’t be considered property of a foreign national entity and, therefore, cannot be sanctioned. Source…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *