Ethereum Foundation together with several crypto wallet developers has launched a new security standard called “Clear Signing” to help users better understand the transactions they approve on the blockchain.
The move comes after the rise of phishing attacks and crypto wallet drain incidents that have caused billions of dollars in losses over the past few years. Many of these attacks happened because users performed “blind signing,” approving transactions without fully understanding the commands displayed on their screens.
Through the Clear Signing system, transaction displays in digital wallets will become simpler and easier to understand. Users will be able to clearly see details such as which assets are being transferred, the recipient address, and what permissions are being granted before approving a transaction.
Currently, most transactions on the Ethereum network still display complex technical code that is difficult for ordinary users to understand. This condition is considered one of the biggest security weaknesses in digital assets.
The new standard is built using the ERC-7730 proposal and a public registry that allows transaction descriptions to be verified by independent security researchers. Crypto wallets can then choose trusted information sources to display to users.
According to the Ethereum Foundation, improving security in the crypto industry does not only depend on more advanced technology, but also on users understanding what they are signing.
Trezor CTO Tomáš Sušánka described the standard as an important step toward solving one of the digital asset industry’s most fundamental problems.
“When users do not understand what they are signing, security becomes much harder,” he told CoinDesk.
The push for Clear Signing also reflects the growing focus of the crypto industry on user protection, especially as blockchain ecosystems try to attract more retail and institutional investors.
