Casa Wallet Introduces New Functionality for ETH Vault to Enhance Privacy

12:17 pm
September 7, 2023

Casa, the cryptocurrency self-custody platform, has added new functionality to its recently launched Ethereum (ETH) vault. The new feature allows users to carry out transactions over a relay for increased privacy. Casa initially offered a multi-signature BTC custody service in June 2023, and later expanded to include an Ethereum self-custody vault. However, the previous relay service, called Casa Relay, did not provide privacy as users’ Ethereum addresses could be seen by anyone using blockchain scanning tools. The new relay service, called ETH pay wallet, addresses this limitation by providing a single-signature alternative wallet that operates as a relay for transactions from the vault. While the ETH pay wallet enhances privacy, it does require additional steps and users must pay petrol costs with their own wallets.

Upgrading Communication for Enhanced Privacy

The Casa Relay allowed users to communicate between their ETH vaults and the Ethereum blockchain, enabling them to deploy contracts and send transactions. However, the lack of privacy was a concern. The new ETH pay wallet provides a solution by ensuring that gas fees and transactions received from the wallet are not connected to Casa on-chain. Casa CEO Nick Neuman explained that the feature was in development prior to the launch of the ETH custody vault and offers users customization options. However, it’s important to note that the ETH pay wallet does not provide the anonymity associated with obfuscation technologies across the cryptocurrency ecosystem. Despite requiring more steps and personal wallet payments for gas fees, the enhanced privacy it offers is valuable for customers who want to avoid having their on-chain ETH addresses linked to Casa.

FAQs

What is Casa Wallet?

Casa Wallet is a cryptocurrency self-custody platform that allows users to securely store and control their digital assets.

What is an ETH vault?

An ETH vault is a secure storage option provided by Casa Wallet that enables users to control the self-custody of their Ethereum holdings using multiple private keys.

What is Casa Relay?

Casa Relay is a communication service provided by Casa Wallet that allows users to interact with the Ethereum blockchain from their ETH vaults.

What is the new feature introduced in the ETH vault?

The new feature introduced in the ETH vault is the ETH pay wallet, which serves as a relay for transactions from the vault, offering increased privacy by ensuring that gas fees and transactions are not connected to Casa on-chain.

Does the ETH pay wallet provide complete anonymity?

No, the ETH pay wallet does not provide complete anonymity. While it enhances privacy by separating transactions from Casa on-chain, it does not offer the anonymity associated with obfuscation technologies used in the broader cryptocurrency ecosystem.

Are there any additional costs or requirements for using the ETH pay wallet?

Yes, using the ETH pay wallet requires additional steps and users must pay petrol costs with their own wallets.

Can the ETH pay wallet be used with other cryptocurrencies?

No, the ETH pay wallet is specifically designed for transactions involving Ethereum (ETH) and the ETH vault provided by Casa Wallet.

Summary

Casa Wallet has introduced new functionality for its Ethereum (ETH) vault, allowing users to conduct transactions through a relay for enhanced privacy. The previous relay service provided by Casa did not offer privacy, as users’ Ethereum addresses were visible to anyone using blockchain scanning tools. The new relay service, called ETH pay wallet, addresses this limitation by providing a separate wallet that operates as a relay for transactions from the ETH vault, ensuring that gas fees and transactions are not connected to Casa on-chain. While the ETH pay wallet requires additional steps and personal wallet payments, it offers increased privacy for customers who want to avoid linking their on-chain ETH addresses to Casa.


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