Vitalik Buterin Leads Ethereum Name Service Commemoration on Twitter Despite Privacy Concerns
The Ethereum Name Service is currently being commemorated by crypto enthusiasts across the community. Popular figures within the blockchain and crypto arena have added the extension ‘.eth’ on their social media identities for platforms like twitter.
This innovation by Ethereum is not far from the email concept invented back when the internet was at its early stages. Ideally, the ENS gives users a digital identity that is stored and verifiable on the Ethereum blockchain. However, the service has been under criticism for exposing one’s transaction history on the blockchain-based on their ENS name.
Ethereum Name Service Features
The ENS is designed to actualize the idea of the easily-identifiable web as the world moves to storing information on digital ledgers. Users can link accounts to the Ethereum blockchain through this service; their addresses will be saved on the network and linked to other ecosystems such as decentralized websites or crypto addresses.
In a move to support the innovation, Vitalik Buterin led other crypto enthusiasts in adding the ‘.eth’ on their twitter handles. As it stands, a number of ENS supporters have already added the extension with some optimistic that ETH demand will surge to level of being shilled by banks.
ENS Privacy Shortcomings
The public ledger concept by ENS however has some pitfalls within its privacy design. Users who link their accounts by the ‘.eth’ extension risk the exposure of personal information given the public nature of Ethereum’s blockchain. Furthermore, the information will not be erasable once stored on the immutable platform.
In terms of crypto transactions, clients whose Eth addresses are linked to the ENS service can be viewed on the Ethereum blockchain history.
However, none of these shortcomings are necessarily a disadvantage as the developers were aware of the design. The most important thing would be for ‘.eth’ ID users to understand the privacy risk they are accommodated by using the ENS.