DApp Store

All chains arrowright

All chains

EIP-7503

EIP-7503 is a Zero-Knowledge Wormholes build by Nobitex Labs. The EIP enable minting of secretly burnt Ethers as a native privacy solution for Ethereum.

What is EIP-7503?

EIP-7503, also known as Zero-Knowledge Wormholes, is an Ethereum Improvement Proposal aimed at enabling privacy-preserving transactions directly at the protocol level. Unlike external mixers, EIP-7503 integrates privacy features into Ethereum itself, ensuring transactions are private by default.

How Does EIP-7503 Work?

EIP-7503 introduces a method where users can send ETH to an unspendable address, effectively burning it. They can then generate a zero-knowledge proof (ZK-SNARK) to demonstrate this action without revealing transaction details. Upon verification, an equivalent amount of ETH is minted to a new address chosen by the user, breaking the link between sender and receiver.

What Makes EIP-7503 Unique?

EIP-7503's integration of privacy directly into the Ethereum protocol distinguishes it from external privacy tools. This approach enhances transaction confidentiality and security, providing users with plausible deniability and reducing the risk of regulatory scrutiny associated with external mixers.

Who Are the Founders of EIP-7503?

EIP-7503 was proposed by Keyvan Kambakhsh, Hamid Bateni, Amir Kahoori, and Nobitex Labs. Their collective expertise spans cryptography, blockchain development, and privacy solutions, contributing to the proposal's robust design.

Latest News

What Key Events Have There Been for EIP-7503?

EIP-7503 was introduced during Ethereum's All Core Developers Execution Call #171 in September 2023. The proposal has since been under discussion within the Ethereum community, focusing on its potential to enhance on-chain privacy and its implications for regulatory compliance.

Project Announcements

As of now, EIP-7503 remains in the draft stage, with ongoing discussions and evaluations by Ethereum developers and the broader community to assess its feasibility and potential integration into the Ethereum protocol.

Upcoming Events

No data

Projects Announcements

Where to Buy EIP-7503?

EIP-7503 Price

Daily Trading Volume

All-Time High

All-Time Low

Market Cap and Valuation

Market Cap

Fully Diluted Valuation

EIP-7503 Price Prediction

FAQ

What is the Purpose of EIP-7503?

How Can I Participate in EIP-7503's Ecosystem?

What Sets EIP-7503 Apart from Competitors?

Is EIP-7503 Secure?

What are the Risks Associated with EIP-7503?

Community Sentiment

25.34K Votes

50% 50%

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.