MEJ毛毛姐
MEJ毛毛姐|Feb 24, 2025 09:34
Due to the frequent occurrence of blockchain security incidents today, these underlying security issues are closely related to everyone's assets. We must relearn and pay attention to them! Sun Ge @ Justinsuntron just put forward a suggestion on storing large amounts of USDT in a tweet. Here are some of my summarized and reasonable opinions on Sun Ge's proposal: 1、 Background analysis 1. Security of USDT on Tron Chain -Endorsement from Tether The USDT on the Tron chain is recognized and supported by Tether in a 1:1 ratio, just like the USDT on the Ethereum chain. This means that regardless of which chain is chosen, the asset value and legitimacy of USDT are guaranteed, and there are no trust issues caused by the chain itself. -Issuance and Acceptance At present, 62 billion USDT has been issued on the Tron chain, indicating that USDT on the Tron chain has been widely used and accepted, with high market recognition. This provides additional confidence in choosing Tron Chain as the storage platform. 2. Advantages of Tron Chain over Ethereum (1) Native multi signature support -Characteristics of Tron Chain The multi signature feature of Tron chain is natively supported by blockchain protocols, which means that the implementation of multi signature does not rely on additional smart contracts. The security of multiple signatures is directly linked to the security of the entire Tron chain. As long as the Tron chain itself is not breached, the multi signature mechanism is reliable. -Comparison of Ethereum Multi signature on Ethereum is usually implemented through smart contracts, such as Safe (formerly known as Gnosis Safe). Although Safe is a widely validated tool, smart contracts themselves may have code vulnerabilities or the risk of being attacked. This design that relies on external contracts makes Ethereum's multi signature security lower than chain level. conclusion The native multi signature feature of Tron chain avoids the additional risks brought by smart contracts and provides higher security from a technical architecture perspective. 2、 Transparent transactions and security -Display on Ledger On the Tron chain, multi signature transactions are highly transparent when presented through hardware wallets such as Ledger. For example: USDT transfer: The transaction will fully display the token name (such as USDT), transfer quantity, sending address (from), and receiving address (to), allowing users to clearly verify the transaction content. -Change of multi signature permission Ledger will label such operations as "unknown type" and strictly distinguish them from transfer transactions to avoid confusion. -The blind signing risk of Ethereum Multi signature transactions on Ethereum, especially smart contract operations, may sometimes involve 'blind signing', where users cannot intuitively see the complete details of the transaction. This opacity increases the risk of misoperation or malicious inducement, which may lead to theft of wallet ownership. -Technical support The Tron chain's ability to achieve transaction transparency and differentiation is inseparable from its native multi signature design. This is an advantage that Ethereum cannot fully replicate by relying on smart contracts. 3、 Summary of the rationality of the suggestions Based on the above analysis, using the multi signature method on the Tron chain to store large amounts of USDT has the following advantages: -Higher security The native multi signature support links security to the Tron chain itself, avoiding the vulnerability risks that Ethereum smart contracts may bring. -Better user control Transparent transaction display (such as on Ledger) allows users to clearly understand the content of each transaction, reducing the possibility of asset loss due to incorrect or blind signing. -Technical advantages The design of Tron Chain in terms of multi signature management and transaction transparency makes it more competitive in storing large amounts of USDT. final recommendation Overall, it is very reasonable to store large amounts of USDT on the Tron chain in a multi signature manner. This choice not only utilizes the technological advantages of Tron chain, such as native multi signature and transaction transparency, but also ensures the safety and reliability of assets through Teda's 1:1 endorsement and large issuance volume. Compared to Ethereum, Tron Chain provides higher security and better user experience in multi signature scenarios, making it the preferred solution for storing large amounts of USDT. Sun Ge has always been concerned about on chain security issues and user fund security. He gives a big thumbs up 👍🏼 Should I say that Tiktok has a good face @justinsuntron TRONEcoStar TronMemeSeason ToTheSun
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