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Vitalik Buterin divulges the 'largest remaining challenge' in Ethereum

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Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” on Ethereum — privacy.In a blog post on Jan.

20, Buterin acknowledged the need to come up with a privacy solution because by default, all information that goes onto a “public blockchain” is public too.He then arrived at the concept of “stealth addresses” — which he said can potentially anonymize peer-to-peer transactions, nonfungible token (NFT) transfers, and Ethereum Name Service (ENS) registrations, protecting users.

An incomplete guide to stealth addresses: the blog post, Buterin explained how on-chain transactions can be carried out between two parties with anonymity.

Firstly, a user looking to receive assets will generate and keep a “spending key” which is then used to generate a stealth meta-address.

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