Hi! It has been a while I blogged on here.
Since Gitcoin Grants Round 13 is near, I would like to make an announcement that the grant for the UTXO Smart Contract Wallet is on Gitcoin Grants.
Gitcoin Grants is a place where people like you and I can make donations to help make Open Source Software like this happen. The donations do not have to be much. You could donate any amount like $1 for example as every donation counts.
If you guys would like to contribute to my project, please click this link and make your donations. Your donations will mean a lot in terms of developing this project. Both Ethereum and Zilliqa are accepted.
Updates (From Previous Article):
1. Why You Should Support This Project?
If you have never seen this news yet, the news mentioned that some wallets have been refused transactions to "regulated financial firms". This shows that the need for a more private wallet that consists of many addresses is needed as any address can be blacklisted, rendering the address unable to transact with "regulated financial firms".
According to the Bitcoin wiki, this is a result of address reuse, which means that a single address is used repeatedly. This is not good for privacy as your transactions are public and if you happen to make many transactions in one address, people who are tracking the address may be able to identify who you are based on your transaction history. Not just that, since you are using only one address and if that address is being blacklisted like the news above, you will not be able to exchange all of the cryptos in that address.
Therefore, it is a good practice that with each transaction, regardless it is for receiving or sending, we should use a new address. The UTXO Smart Contract Wallet is designed specifically for this purpose, which is to change your address with each transaction on the Ethereum blockchain without the hassle of needing to track every single address for their balance and sending transactions address by address (which is very costly) as everything is done by the smart contract wallet.
More details can be found here
