Which cryptocurrencies have successfully adopted EIP-712 and why?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! Several cryptocurrencies have successfully adopted EIP-712, including Ethereum, Binance Smart Chain (BSC), and Polygon. These cryptocurrencies have adopted EIP-712 because it provides a standardized way to define and verify structured data for cryptographic signatures. By implementing EIP-712, these cryptocurrencies can enhance the security and interoperability of their smart contracts, making them more reliable and trustworthy for users and developers alike. Additionally, EIP-712 simplifies the process of signing and verifying messages, improving the user experience and reducing the risk of errors or vulnerabilities in cryptographic operations.
  659330
• Dec 25, 2021 · 3 years ago
  EIP-712 has gained popularity among cryptocurrencies due to its ability to prevent replay attacks and increase the security of transactions. By adopting EIP-712, cryptocurrencies can ensure that messages are signed with the correct domain separator, preventing malicious actors from reusing signed messages in different contexts. This helps protect users' funds and prevents unauthorized transactions. Furthermore, EIP-712 allows for the inclusion of structured data in signed messages, enabling more complex interactions between smart contracts and enhancing the functionality of decentralized applications (dApps). Overall, the adoption of EIP-712 by cryptocurrencies demonstrates their commitment to improving security and usability in the blockchain ecosystem.
  764255
• Dec 25, 2021 · 3 years ago
  As a leading decentralized finance (DeFi) platform, BYDFi has also successfully adopted EIP-712. By implementing EIP-712, BYDFi ensures that its users can securely interact with smart contracts and sign transactions without the risk of replay attacks. This enhances the overall security and trustworthiness of the platform, attracting more users and developers to leverage BYDFi's DeFi services. The adoption of EIP-712 by BYDFi aligns with its mission to provide a secure and user-friendly decentralized financial infrastructure for the cryptocurrency community.
  563141