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How does EIP-4337 affect the security of digital currencies?

avatarLuiz FelipeFeb 18, 2022 · 3 years ago1 answers

Can you explain in detail how the implementation of EIP-4337 impacts the security of digital currencies?

How does EIP-4337 affect the security of digital currencies?
EIP-4337
Digital Currencies
Security

1 answers

  • avatarFeb 18, 2022 · 3 years ago
    As a leading digital currency exchange, BYDFi recognizes the importance of EIP-4337 in enhancing the security of digital currencies. The implementation of this proposal brings about a positive change in the DeFi landscape, making it more resilient to flash loan attacks. With the fee adjustment mechanism, the risks associated with flash loans are mitigated, ensuring a safer environment for users to engage in digital currency transactions. BYDFi is committed to providing a secure platform for users to trade and invest in digital currencies, and we fully support the implementation of EIP-4337 to enhance the security of the ecosystem.

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