One of Buterin’s primary recommendations is to include privacy protections in all Web3 wallets. Currently, users who wish to conduct private transactions must use separate “privacy wallets,” which complicates the process and inhibits many from using these capabilities. Buterin proposes that Web3 wallets automatically support private transfers by putting a portion of a user’s assets in a “privacy pool,” allowing frictionless transactions while protecting the user’s privacy.
In addition to privacy, Buterin advocated for multisignature (multisig) permission in all Web3 wallets. This security feature would require multiple permissions for transactions, thereby offering an additional layer of protection against unwanted actions.
Buterin also noted the difficulties of transferring tokens between Ethereum’s layer-2 (L2) networks, such as Optimism and Arbitrum. He recommended standardizing wallet addresses so that consumers may simply send tokens across several L2s. This change would streamline transactions and enhance the user experience by eliminating the requirement for complex cross-network transfers.
These proposals are consistent with Buterin’s overall objective of improving security, scalability, and usability in the Web3 ecosystem; hence, making decentralized finance (DeFi) more accessible and secure for a wider audience.
