Cointime

Download App
iOS & Android

Vitalik Buterin floats simulated transactions to enhance crypto security

Ethereum co-founder Vitalik Buterin has suggested using “transaction simulations” and other similar features to improve the user experience and security of Ethereum wallets and smart contracts. 

In a post to X on Sunday, Buterin argued that security and user experience are not separate fields, as both revolve around user intent — ensuring protocols are doing what users intend them to do.

  Source: Vitalik Buterin

Buterin said an intent-based security approach could involve designing systems that double-check user actions and could apply to Ethereum wallets and smart contracts, as well as more broadly to operating systems and hardware. 

“The user specifies first what action they want to take, and then clicks ‘OK’ or ‘Cancel’ after seeing a simulation of the onchain consequences of that action,” he said. 

Other ways could include spending limits and multisig approvals, so execution only happens when the user’s intent, expected outcome, and risk limits all align, he said. 

The result is that it should be easier to do low-risk things and harder to do dangerous things, Buterin said.

User intent is difficult to define

However, Buterin noted that defining user intent is “extremely complex” and part of the reason why there is no such thing as a “perfect security” solution:

“[It’s not] because machines are ‘flawed’, or even because humans designing the machines are ‘flawed’, but because ‘the user's intent’ is fundamentally an extremely complex object that the user themselves does not have easy access to.”

“I would argue that the common trait of a good solution is: the user is specifying their intention in multiple, overlapping ways, and the system only acts when these specifications are aligned with each other,” he said. 

Security is one of three components of the blockchain trilemma, along with decentralization and scalability. 

The concept, coined by Buterin, theorizes that blockchains can optimize two of these aspects but must compromise on the other. 

Decentralization and scalability have arguably been bigger focuses in the Ethereum ecosystem in recent years, particularly the latter, given that Ethereum’s mainnet has lagged behind some of its biggest layer 1 competitors in scalability.

Comments

All Comments

Recommended for you

  • Trump States He Has Not Received News from Iran on Halting Negotiations

    On June 2, U.S. President Trump stated that he has not received any news from Iran regarding the suspension of negotiations. On June 1, reports from Iran indicated that, in light of Israel's ongoing military actions in Lebanon and considering that a ceasefire in Lebanon is one of the prerequisites for a ceasefire between Iran and the U.S., the Iranian negotiation team has suspended dialogue and text exchanges with the U.S. through intermediaries. Reports indicate that Iranian officials and negotiators have stated that Israel must immediately cease its aggressive and brutal military actions in Gaza and Lebanon and must completely withdraw from Lebanon. Iranian officials have made it clear that no negotiations will take place until these demands are met.

  • Anthropic Submits Draft S-1 Filing to SEC in Secret

    On June 2, Anthropic secretly submitted a draft S-1 filing to the U.S. Securities and Exchange Commission in preparation for its initial public offering.

  • Florida Attorney General Sues OpenAI Over AI-Related Damages

    On June 1, according to the Wall Street Journal, Florida has launched a fierce attack in an escalating protest against the alleged safety flaws of artificial intelligence chatbots, becoming the first state to sue OpenAI and its CEO Sam Altman. The lawsuit, filed by Florida Attorney General Ashley Moody on Monday, claims that OpenAI and Altman were aware of the safety risks associated with their products but ignored warnings about potential harm to users.

  • Cryptocurrency Stocks Decline: Strategy Down 6%, Circle Down 5.8%

    On June 1, Iranian state media reported that the country would suspend negotiations with the United States, causing Bitcoin to drop to a new low in over a month, leading to a widespread decline in cryptocurrency stocks. Strategy's stock fell by 6% after the company sold $2.5 million worth of Bitcoin. Coinbase Global's stock dropped by 5%, Robinhood's stock fell by 7.6%, and Circle's stock decreased by 5.8%. ProShares Bitcoin Strategy ETF and BlackRock's Bitcoin Trust both declined by 2.6%.

  • Spot Gold Drops to $4,450/Ounce, Nearly 2% Decline on the Day

    Spot gold has touched down to $4,450 per ounce, experiencing a nearly 2% decline during the day.

  • WTI Crude Oil Futures Surpass $94 per Barrel, Up 7.60% for the Day

    WTI crude oil futures have surpassed $94 per barrel, marking a 7.60% increase for the day.

  • SOL Falls Below $80

    Market data shows that SOL has fallen below $80, currently priced at $79.92, with a 24-hour decline of 3.44%. The market is experiencing significant volatility, so please ensure proper risk management.

  • AAVE Drops Below $80

    Market data shows that AAVE has fallen below $80, currently priced at $79.99, with a 24-hour decline of 3.04%. The market is experiencing significant volatility, so please ensure proper risk management.

  • VAST Secures Nearly $200 Million in Series A Funding for General Artificial Intelligence

    Recently, general artificial intelligence company VAST announced the completion of two rounds of financing, A+ and A++, totaling nearly $200 million. This round of financing was led by Yongce Capital and China Life's Yangtze River Delta Science and Technology Innovation Fund, with participation from the Shenzhen Artificial Intelligence Terminal Industry Fund (backed by leading global terminal manufacturer Honor), notable industry strategic investors, and Shanghai Semiconductor Industry Investment. Financial investors such as Shenzhen Capital Group, Yuan Sheng Capital, Wofu Venture Capital, and Fangguang Capital also joined the investment, while existing shareholders including Chuanghua Venture Capital, Jingya Capital, BV Baidu Venture Capital, and Dongfang Jiafu continued to invest significantly.

  • Arm (ARM.O) Initial Surge Exceeds 16%, Market Cap Surpasses $430 Billion

    On June 1, it was reported that Arm (ARM.O) saw its initial surge expand to over 16%, with a total market capitalization exceeding $430 billion.