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Casa Introduces Enhanced Privacy Features for Ethereum Transactions

Algoine News
Summary:
Cryptocurrency self-custody platform Casa has introduced new functionality for its Ethereum vaults, allowing users to transact with added privacy via a relay. This mechanism utilizes an ETH Pay Wallet as a relay to conduct transactions from the vault. This feature aims to enhance transactional privacy for users, while still maintaining on-chain visibility.
Casa, a self-custody platform for cryptocurrencies, has introduced new functionality for its Ethereum (ETH) vaults to enhance privacy during transactions. The platform initially launched a multi-signature Ethereum self-custody vault in June 2023, allowing users to secure their ETH assets with up to five private keys. Now, Casa has introduced a mechanism that enables users to use an ETH Pay Wallet as a relay to create and transact from their vaults, providing more transactional privacy. This new feature allows users to conduct actions such as deploying contracts and sending transactions while fronting gas costs, thus maintaining privacy by not associating gas fees and transactions with Casa on-chain. However, it is important to note that the on-chain activity will still be viewable, and this feature does not provide complete anonymity or obfuscation of transactions.

Published At

9/7/2023 7:39:34 AM

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