Blind signing is when users on a blockchain or crypto network sign a transaction without knowing what they’re actually signing, i.e. it’s basically like signing a blank check.
These networks are incapable of solving blind signing because they don’t natively understand what a token is, and so when the relevant wallet presents a user with a transaction to sign, it is presented as what appears to be a random string of numbers and letters.
This is the root cause of many hacks across Web3 and DeFi today.
Radix’s Transaction Manifest solves blind signing with human-readable transactions, and this is enabled by the native assets on the Radix network, part of Radix’s Full Stack approach.
Further reading:
- What are Transaction Manifests?
- Radix Blog - It’s 10PM: Do you know where your tokens are?
- Twitter - We Got That - Human Readable Transactions
- Radix Blog - Rekt Retweet #2 - Why the $120m Badger DAO hack could NEVER happen on Radix
- Radix Blog - Rekt Retweet #4 - Why your Bored Apes (and all other NFTs) aren’t safe… except on Radix
- Comparing Virtual Machines: Message Only vs Asset-Oriented