Giving Power Back to Your Users with Flow’s Account Model

  • 📰 hackernoon
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

In this article, we’ll look in detail at Flow's new account model, how it works, and how it might be able to solve difficult UX problems in blockchain.

Many alternative blockchains that have emerged recently are classified as “EVM” chains, meaning they operate exactly like but have a different execution layer. This helps the cross-compatibility of smart contracts across chains, but it doesn’t solve some of the crucial problems embedded in the EVM system. In particular, it hasn’t improved how user accounts are handled and protected. Ethereum , a layer-1 blockchain, is trying to change that pattern with its account model.

Flow account model Since there can be multiple keys for one account, the way Flow creates addresses is also unique. Unlike Ethereum—where addresses are derived from the public key—Flow account addresses are created with an internal on-chain checksum at the protocol level. This ensures addresses are unique but also makes them much easier to read and use. On other blockchains, it can be very easy to mistype or have bad punctuation and send assets to the wrong address.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 532. in COİN

Coin Coin Latest News, Coin Coin Headlines