The co-founder of Ethereum, Vitalik Buterin, is using a mundane multisig check and found that a lot of wallets do not pass basic usability and the walkaway testThe co-founder of Ethereum, Vitalik Buterin, is using a mundane multisig check and found that a lot of wallets do not pass basic usability and the walkaway test

Vitalik Buterin Flags Wallet UX Gaps With Multisig Walkaway Test

2 min read
  • Vitalik Buterin leveraged Etherscan’s read contract feature to examine multisig from a phone that didn’t have the Safe app. 
  • He described the loophole as a quiet yet critical win for open infrastructure. 

The co-founder of Ethereum, Vitalik Buterin, is using a mundane multisig check and found that a lot of wallets do not pass basic usability and the walkaway test. 

The co-founder revealed that, “This morning I thought to check the addresses of those who were signers on my multisig and on my phone; I hadn’t installed any Safe app.” He further mentioned that instead of reinstalling Safe, he realised that he could just look up the address on Etherscan and use the ‘read contract’ feature to get directly what he wants. 

He described the loophole as a quiet yet critical win for open infrastructure. These are some kinds of extra UX benefits you get if your wallet or application is open source and clears the walkaway test. 

Simply put, if the front end vanishes, users must still access core functions through neutral tools such as block explorers. Buterin alerted that this same plan will somehow have to break due to privacy. 

Co-founder’s suggestion

His suggested direction is a viewing key… an extended version of their address and also comprises extra private info, having block explorers read that client-side through URL hash fields. 

He admits the trade-off and informs people that pasting any kinds of secrets into URLs or web pages is risky, and in the end, you’ll just be capable of doing more things via your wallets directly. 

Developers swiftly came up with alternatives. One reply highlighted an open-source tool, SwissKnifeXYZ, as one more open-source alternative, while Microchain Labs underlined microchain zk signers displacing explicit multisig signatures having a zk proof of authorisation, securing only a state root on-chain. 

The experiments now sit against a distinct backdrop: the appearance of U.S. spot ETH ETFs, where structural flows have initiated to redesign how Ethereum trades. The initial weeks of trading witnessed ETH ETF inflows concentrate liquidity at the front of the curve, reflecting patterns once linked with BTC products. 

Highlighted Crypto News Today: 

Kalshi Traders are Bearish on Bitcoin, Will BTC Price Stand the Test?

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

GBP/USD rises as Fed rate cut odds boost Sterling

GBP/USD rises as Fed rate cut odds boost Sterling

The post GBP/USD rises as Fed rate cut odds boost Sterling appeared on BitcoinEthereumNews.com. GBP/USD resumes its uptrend on Friday, trimming some of Thursday’s losses as the US Dollar (USD) recovers some ground. Inflation data in the US kept steady the chances of a Federal Reserve (Fed) cut at the December meeting, weighing on the Greenback. At the time of writing, the pair trades at 1.3349, up 0.19%. GBP/USD rallies as US Core PCE reaffirms Fed rate cut in December The Core Personal Consumption Expenditures (PCE) Price Index, the Fed’s favorite inflation gauge, which excludes food and energy, rose by 0.2% MoM in September, unchanged from August and aligned with estimates. In the twelve months to September, it ticked lower from 2.9% to 2.8%. At the same time, the University of Michigan Consumer Sentiment in December rose to 53.3, above estimates of 52 and up from November’s final reading of 51. Joanne Hsu, the Director of the Surveys of Consumer, noted that “consumers see modest improvements from November on a few dimensions, but the overall tenor of views is broadly somber.” Americans’ one-year inflation expectations in December dipped from 4.5% to 4.1%. For a five-year period, it decreased from 3.4% in November to 3.2%. Given the backdrop, expectations for a 25 basis points (bps) Fed rate cut next week remained unchanged at 84%, as revealed by Capital Edge Rate Expectations Overview data. Source: Capital Edge After the data release, GBP/USD bounced towards 1.3350 after meandering around 1.3340 as the US Dollar tumbled to expectations of further easing. In a note, Morgan Stanley said it expects a 25-bps cut in December, in January, and in April of 2026. They expect the Fed funds rate to end at 3%-3.25%. The British Pound (GBP) shrugged off worries about last month’s budget, while business activity showed some improvement, according to S&P Global. Despite this, the Bank of England…
Share
BitcoinEthereumNews2025/12/06 02:24
Crossmint Partners with MoneyGram for USDC Remittances in Colombia

Crossmint Partners with MoneyGram for USDC Remittances in Colombia

TLDR Crossmint enables MoneyGram’s new stablecoin payment app for cross-border transfers. The new app allows USDC transfers from the US to Colombia, boosting financial inclusion. MoneyGram offers USDC savings and Visa-linked spending for Colombian users. The collaboration simplifies cross-border payments with enterprise-grade blockchain tech. MoneyGram, a global leader in remittance services, launched its stablecoin-powered cross-border [...] The post Crossmint Partners with MoneyGram for USDC Remittances in Colombia appeared first on CoinCentral.
Share
Coincentral2025/09/18 21:02
MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows

MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows

The post MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows appeared on BitcoinEthereumNews.com. MOEX to Launch $XRP Indices/Futures: $MAXI Adoption
Share
BitcoinEthereumNews2026/02/04 06:00