Join Our Mailing List
Thursday February 09, 2023
Bitcoin (BTC) $22,696.08   Ethereum (ETH) $1,634.36
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Exchanges

P2P ETH market LocalEthereum adds recycled wallet addresses for frequent users

Published by CryptoNinjas.net
12/10/2018
P2P ETH market LocalEthereum adds recycled wallet addresses for frequent users

LocalEthereum, an Ether (ETH) P2P marketplace has launched a new feature empowering users to re-use Ethereum addresses across multiple trades. This will help frequent traders to have less “clutter” in their wallets.

Previously, and still the default, users need to choose a brand new Ethereum address for every new trade. This means that each time receiving ether, it will go into a new wallet address This protects privacy because it makes it harder for partners and onlookers to view aggregate balances and activity.

However, it can cause a hassle when wanting to send ether out of the web wallet:

“Because of the way Ethereum is designed, it’s not possible to send ether from multiple addresses in a single transaction. In cryptocurrencies like Bitcoin that use what are called UXTOs, users can create a single transaction to send amounts from many different addresses at once. Unfortunately, that ability is lost in Ethereum, which can cause headaches and privacy concerns for end-users. When transacting on localethereum, both parties can see each others’ Ethereum address for that trade.”

LocalEtherum Team

Example:

If Alice sells 1 ETH to Bob, then Bob can see the address from which the ETH came from, and Alice can see Bob’s receiving address.
If both parties used only one Ethereum address, Alice and Bob would be able to see each others’ complete Ethereum financial history — including their current ETH balance, past transactions, their token inventory, and which smart contracts they play with.

This is the crux of the problem: Many privacy-concerned users want to obfuscate this information. This is why localethereum chooses a brand new Ethereum address for each trade by default.
To keep the current behavior, the default option is to never recycle Ethereum addresses (i.e. use a new address for each trade).

Note: If using an external wallet (e.g. MetaMask, imToken or another wallet app), this feature won’t apply. The upgrade is for users who managing the non-custodial web wallet.

32
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

P2P market LocalCryptos begins vote on what to list next: DASH, EOS or LTC

02/10/2020
P2P market LocalCryptos begins vote on what to list next: DASH, EOS or LTC

P2P cryptocurrency exchange service LocalCryptos (rebranded from LocalEthereum late last year), has announced the start of a new community vote to decide which crypto gets to join the LocalCryptos peer-to-peer marketplace. Starting today, the three...

Read more

LocalEthereum P2P exchange re-brands to LocalCryptos to support bitcoin (BTC)

11/18/2019
LocalEthereum P2P exchange re-brands to LocalCryptos to support bitcoin (BTC)

LocalEthereum, a P2P cryptocurrency marketplace founded in 2017 for non-custodial trading of ETH, announced today a re-branding to LocalCryptos to support more crypto-assets, including bitcoin (BTC). The platform will remain a one-stop-shop for fiat-to-crypto...

Read more

P2P Ether (ETH) marketplace LocalEthereum removes fee on cash trades

06/03/2019
P2P Ether (ETH) marketplace LocalEthereum removes fee on cash trades

In response to the user dismay regarding LocalBitcoins removing the cash offer option, LocalEthereum, a P2P Ethereum (ETH) marketplace, announced it will remove fees on cash trades until July 1st. Meeting in person is...

Read more

P2P Ether exchange localethereum combats phishing with PhishFort

10/16/2018
P2P Ether exchange localethereum combats phishing with PhishFort

P2P Ether (ETH) exchange announced today it is ramping up its security by partnering with the team at PhishFort to help tackle phishing attacks. This will allow localethereum to more effectively detect and take...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Bluzelle Launches Layer One Chain to Drive Gaming Adoption for Cosmos

Bluzelle Launches Layer One Chain to Drive Gaming Adoption for Cosmos

02/06/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy