hi all
I was stolen all my ETH in my wallet after submitting Keystore file to a phishing website carelessly. So I has an idea of a SAFER cryptocurrency.
It has following features:
1) Only trusted receiver address is permitted.
2) Phone SMS verification needed when adding trusted receiver address
Thus even private key is leaked , scammer cannot transfer coin to his address.
Sample contract code maybe:
function transfer(address _to, uint _value) returns (bool) {
if(_to not in TRUSTED_ADDRSSES) { #Check _to is in trusted addresses or not
return false
}
if (balances[msg.sender] >= _value && balances[_to] + _value >= balances[_to]) {
balances[msg.sender] -= _value;
balances[_to] += _value;
Transfer(msg.sender, _to, _value);
return true;
} else { return false; }
}
Look forward to your opinions or advise. Thank you
SMS verification is not a secure way of authorization of actions. Of course, it can improve the safety of the currency you suggest somehow but it will still remain vulnerable.
Here is a good article with an explanation why SMS message is not a good way of verification -