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EigenLayer enhances EigenDA security to combat Sybil attacks
With the additional security feature, EigenLayer aims to protect the service it offers while guaranteeing its availability to all clients.
EigenLayer has implemented an additional security feature for its EigenDA data availability service on the Ethereum mainnet to prevent Sybil and distributed denial of service attacks.
According to an X post from EigenDA, the whitelist security measure utilizes either an internet protocol address or Ethereum's elliptic curve digital signature algorithm (ECDSA) authentication to ensure enhanced protection and secure access to the service.
ECDSA authentication is a cryptographic method for verifying the identity of a user, device or system. It is based on the principles of public-key cryptography and uses elliptic curve cryptography to ensure secure authentication. Read More
What is Toncoin (TON), and how to buy it?
Toincoin is a cryptocurrency that uses advanced blockchain technology to ensure efficiency and anonymity while enabling quick, safe transactions.
Toncoin (TON) is the native coin of The Open Network, a layer-1 blockchain known for its ability to scale and process transactions rapidly. Originally developed by the team behind the Telegram messaging app, TON is now managed by the TON Foundation.
Powering The Open Network ecosystem, Toncoin is used to pay transaction fees, for staking to secure the network, and to participate in the network’s governance. Within the network, it facilitates a broad range of decentralized applications (DApps) and services, including decentralized finance (DeFi), nonfungible tokens (NFTs) and more. With a strong community and extensive roadmap, TON is working to position itself as a promising player in the evolving blockchain landscape.
This article explains what TON is, its use cases, and how to buy Toncoin (TON) via centralized exchanges (CEXs), decentralized exchanges (DEXs) and Telegram bots. Read More
How DePIN is poised to disrupt the cloud computing industry: Report
Cointelegraph Research uncovers how DePIN networks and SwanChain’s ecosystem are changing the cloud computing industry.
For the past few years, cloud computing has been a growing sector. Its market capitalization is projected to quadruple to $2.3 trillion by 2032. However, as the market is dominated by few participants, such as AWS, Azure, and Google Cloud, companies and retail users worldwide would be badly affected by a systemic failure of one of these players. Meta’s outage in March 2024 affected at least 600,000 people worldwide.
DePINs (Decentralized Physical Infrastructure) and DeRENs (Decentralized Resource Networks) have the potential to not only minimize the risks of such incidents but also enhance the security and transparency of data processing while decreasing operational and administrative costs. Cointelegraph Research and SwanChain published a report which assesses critical issues of the cloud computing market and how DePINs and DeRENs can democratize and enhance it. Read More
How multichain indexing boosts blockchain data processing and query performance
Advanced blockchain indexing simplifies data retrieval, making it faster and more efficient for developers to access information.
Unlike centralized databases, a blockchain is a distributed ledger that records transactions across multiple computers, ensuring that no single entity has control. Since the records are stored in various locations, the data remains safe and accessible even if some network computers fail or are compromised.
Blockchain technology operates transparently, allowing network participants to view transactions and enhances security by making the data immutable once recorded. The strength of this immutability comes from storing data in blocks, each connected to the previous one with a cryptographic link. If someone tries to alter the data, the cryptographic links in all subsequent blocks will change, making tampering detectable.
Devices called nodes are responsible for turning data into blocks and adding these blocks to the chain. Nodes that maintain a synchronized copy of the entire blockchain also have the power to verify transactions. Read More
Unleashing the Power of Force Multipliers: How Markethive Amplifies Your Business Success
Entrepreneurs encounter many challenges that can impede their businesses' progress and prosperity. However, force multipliers such as technology, tactics, resources, software, and partnerships can enhance effectiveness and achieve significant results even with limited resources. Markethive, a social neural network, provides a range of force multipliers, including information and content sharing, user-generated content, blockchain technology, storefronts, campaigns, brand ambassadors, awareness of the market, and network connectivity. These force multipliers can expand a business's reach, influence, and development, making Markethive an invaluable asset for entrepreneurs.
The challenges that entrepreneurs encounter can hinder their businesses' long-term success and growth. One common obstacle is figuring out how to effectively utilize the limited resources at their disposal, whether time or money, to achieve the most significant impact and profitability. This is where force multipliers come into play. It is essential to understand what force multipliers are and how powerful they are in addressing these challenges.
The armed forces have long understood the importance of force multipliers. A troop multiplier, for instance, enhances an existing military capability by either increasing its size or utilizing machine guns as force multipliers for rifles. The military would integrate sniper training into various subjects to enhance the value of snipers as a force multiplier and ensure their survival in combat.
Force multipliers are a means to accomplish more remarkable results with the same or reduced amount of effort, similar to how using a drill instead of a screwdriver can make tasks more manageable. These force multipliers can be vital in ensuring the business's survival. Read More
Most profitable crypto sectors in first half of 2024 revealed
Blockchain gaming, decentralized finance and layer-2 platforms lagged behind newly emerging sectors and the current memecoin frenzy.
The most profitable sectors of the cryptocurrency industry in the first half of 2024 have been revealed, with memecoins and newly emerging sectors scooping up the lion’s share of profits.
According to data from BitEye, CoinGecko and Wu Blockchain, memecoins led the competition by recording a staggering 1,834% returns since the start of 2024.
In second place was the real-world asset tokenization sector, which returned 214% to investors. Artificial intelligence blockchain projects returned a healthy 72%, while decentralized physical infrastructure networks (DePIN) saw returns of 59%.
Digital asset staples Bitcoin and Ether continued to perform well, with ETH showcasing year-to-date gains of 50% and Bitcoin returning roughly 45%. Read More
Blast airdrop to launch June 26, distributing 17% of supply to early users
The Blast team announced that its token airdrop would commence on June 26 and that users who bridged assets to the network or used its apps would receive tokens.
Ethereum layer-2 Blast network will launch an airdrop for its early adopters on June 26, according to a June 25 social media post from the team. Seventeen percent of the total supply will be released in the airdrop, 7% of which will go to users who bridged either Ether or US Dollar Blast (USDB) to the network. Another 7% will go to those who “contributed to the success of DApps [decentralized applications]” on Blast, and 3% will go to the Blur Foundation for future airdrops to its community.
An accompanying report stated that wallets ranked in the top 1,000 in terms of points will “vest part of their airdrop linearly” for six months, implying that these accounts will not be able to sell all of their tokens for another six months.
The Blur Foundation claimed that it is going to distribute its share of the token rewards to traders and holders who have used or will use its platform. One percent of the total supply will go to traders and holders in Season 3, 0.5% will be reserved for traders and holders in Season 4, and another 0.5% will be reserved for future use. Blur did not state how the remaining 0.5% will be utilized. Read More
Tether Announces Shift to 'Community Driven Support' Regarding USDT in Eos and Algorand
Tether, one of the largest companies in the cryptocurrency space, has made relevant changes in its approach to supporting its products in different blockchains. According to a press release issued on Monday, the company announced a strategic transition to “prioritize community-driven blockchain support.”
In this regard, Tether communicated that community interest was one of the key issues when taking USDT to a specific blockchain, evaluating several elements like the network’s security architecture to ensure the sustainability of USDT in the chosen blockchain. In this regard, Tether stated:
Our goal is to allocate resources where they can best enhance security and efficiency while continuing to support innovation across the crypto landscape. Read More
Many Hackers Now Attacking Users Through Telegram To Infiltrate TON Wallets: Report
The messaging app Telegram is witnessing a rise in the number of Toncoin (TON) ecosystem-focused scams, according to a report by blockchain reporter Colin Wu.
Citing the blockchain security firm SlowMist, Wu says that there are currently “many phishing attacks” occurring in the ecosystem of the layer-1 blockchain aided by Telegram.
“Many phishing links (or bots) are spread through groups, using fake airdrops and other methods to hack assets in users’ TON wallets, especially Anonymous Telegram Numbers. Many people use it to create Telegram accounts, and if it is stolen, it means that the corresponding Telegram account may also be stolen unless a separate password is enabled.”
Besides the phishing scams, cybersecurity firm Kaspersky in April highlighted a Toncoin-focused pyramid scheme being conducted on Telegram. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
