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What’s a Sybil Attack & How Do Blockchains Prevent Them?
A Sybil attack is an attempt to gain disproportionate control over a peer network by creating many fake identities. Learn how blockchains prevent them. The post What’s a Sybil Attack & How Do Blockchains Prevent Them? appeared first on CoinCentral. дальше »
2024-6-21 15:47 | |
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Binance to list ZKsync with token distribution program amid widespread criticism
Binance is listing ZKsync (ZK) trading pairs and announced a token distribution program to address community concerns surrounding the ZK token airdrop, which has been criticized for its lack of measures to prevent Sybil attacks. дальше »
2024-6-18 08:41 | |
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zkSync faces community backlash over lack of anti-Sybil measures in ZK airdrop
Ethereum scaling solution zkSync has come under fire over the lack of anti-Sybil measures for its ZK token airdrop. Industry pundits believe the airdrop could be compromised by Sybil attacks, leading to unfair token distribution and market instability. A Sybil… дальше »
2024-6-13 12:26 | |
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zkSync airdrop under fire for Sybil attacks and ineligibility cases
The zkSync airdrop controversy heated as Sybil attacks led to widespread exclusion and community backlash, with notorious personalities weighing on it. The post zkSync airdrop under fire for Sybil attacks and ineligibility cases appeared first on Crypto Briefing. дальше »
2024-6-11 18:25 | |
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LayerZero flags over 800k sybil addresses in airdrop farming crackdown
In a significant effort to combat fraudulent activities in decentralized finance (DeFi), LayerZero Labs has flagged 803,093 addresses as potential sybils. The targets “airdrop farming,” where users create multiple fake accounts to unfairly benefit from token distributions. дальше »
2024-5-20 12:36 | |
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LayerZero CEO confirms 100,000 wallets self-report Sybil activity
Up to 100,000 wallets have confessed to participating in Sybil farming activities, according to LayerZero Labs CEO Bryan Pellegrino. The post LayerZero CEO confirms 100,000 wallets self-report Sybil activity appeared first on Crypto Briefing. дальше »
2024-5-15 15:18 | |
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LayerZero excludes staff from airdrop, collaborates with Nansen, Chaos Labs to enhance Sybil detection
LayerZero collaborates with Nansen and Chaos Labs for a sybil detection report, ensuring airdrop fairness by excluding employees. The post LayerZero excludes staff from airdrop, collaborates with Nansen, Chaos Labs to enhance Sybil detection appeared first on Crypto Briefing. дальше »
2024-5-8 03:33 | |
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STRK drops 50% since airdrop: Sell-offs and Sybil attack to blame?
STRK's price dropped by over 50%. STRK came under attack as the airdrop continued. The Starknet [STRK] Foundation's airdrop of 700 million STRK tokens was fully implemented on the 20th of FeThe post STRK drops 50% since airdrop: Sell-offs and Sybil attack to blame? appeared first on AMBCrypto. дальше »
2024-2-22 05:30 | |
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Airdrop hunter made over 21k Sybil wallets to fake on-chain activity
An unknown individual generated 21,877 Sybil wallets, a token and even launched a DEX just to fake on-chain activity. An individual has made a whole ecosystem with its own token, wallets, and even launched a decentralized exchange (DEX) just to… дальше »
2023-9-11 14:51 | |
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Arbitrum airdrop marred by Sybil attacks
Arbitrum’s upcoming airdrop for its new governance token, ARB, has reportedly encountered significant Sybil activity, exacerbated by what experts have called “ineffective” detection rules. According to an analysis by crypto security researcher X-explore, Arbitrum’s Sybil detection rules had flaws that… дальше »
2023-3-22 17:48 | |
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FTX Exchange’s Traumatic Side of the Sybil Attack and Losses Story: The Analysis
Crypto exchange organization FTX reportedly faced Sybil attacks and losses. The company lost 111, 260 EUROS, with the largest number of estimated accounts (66.35), while that of users being less. White-capped users targeted bonuses offered from the exchange. A Complete… дальше »
2022-9-30 17:40 | |
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DeFi Sybil attack created $7.5B fake TVL on Solana from ‘anon’ developers
An investigation led by CoinDesk has revealed that two brothers — Ian Macalinao and Dylan Macalinao — used pseudonymous developer profiles to inflate the TVL on Solana by $7. 5 billion. The post DeFi Sybil attack created $7. дальше »
2022-8-5 12:40 | |
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ETH L2 network Optimism takes this route to remove 'sybil attackers'
The Ethereum Layer 2 network Optimism launched a token and new governance model in April. The team is supposed to distribute the token via an entire season of airdrops. In fact, the team also saw it aThe post ETH L2 network Optimism takes this route to remove 'sybil attackers' appeared first on AMBCrypto. дальше »
2022-5-25 20:30 | |
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IOTA Foundation Unveils New Version of Pollen Testnet
The IOTA Foundation has introduced a new version of the Pollen Testnet with a range of significant changes and enhancements. IOTA-Mana Collab According to the report, this release marks the official start of IOTA’s journey with Mana, a new reputation framework incorporated into pollen to mitigate Sybil attacks. Mana is perhaps best thought of asRead More дальше »
2021-3-13 18:00 | |
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Uniswap launches on-chain delegation tied to Twitter usernames
DeFi protocol Uniswap recently announced the integration of Sybil, a new governance tool for discovering delegation. [embed]https://twitter.com/UniswapProtocol/status/1338936054494203904[/embed] The post Uniswap launches on-chain delegation tied to Twitter usernames appeared first on AMBCrypto. дальше »
2020-12-17 17:00 | |
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Рикардо Спаньи рассказал об атаке на сеть Monero
Неизвестный злоумышленник предпринял неудачную атаку Сивиллы на сеть анонимной криптовалюты Monero, сообщил ее бывший сопроводитель Рикардо «Fluffypony» Спаньи. Recently, a largely incompetent attacker bumbled their way through a Sybil attack against Monero, trying to correlate transactions to the IP address of the node that broadcast it. дальше »
2020-11-11 09:52 | |
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Hard Problems in Cryptocurrency: Five Years Later
Special thanks to Justin Drake and Jinglan Wang for feedback In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity. дальше »
2019-11-25 04:03 | |
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Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem
Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems. дальше »
2019-3-23 17:29 | |
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Brave founder admits his ‘decentralized’ web platform is ‘semi-centralized’
Fledging web browser Brave, which doubles as an ecosystem for rewarding content creators with its native cryptocurrency, has drawn heavy criticism for the way it intends to combat fraudsters looking to exploit its platform for profit. дальше »
2018-11-24 19:18 | |
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Hoskinson: Satoshi Did “An Amazing Thing”...But There Are Lessons to Learn
Charles Hoskinson is best known today as a co-founder of both Ethereum and IOHK, where he leads the research, design and development of Cardano. But before these projects, there was Bitcoin. дальше »
2018-11-20 23:08 | |
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What’s a Sybil Attack & How Do Blockchains Mitigate Them?
A Sybil attack is an attempt to gain disproportionate control over a peer network by creating many fake identities. Learn how blockchains prevent them. The post What’s a Sybil Attack & How Do Blockchains Mitigate Them? appeared first on CoinCentral. дальше »
2018-8-31 18:47 | |
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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin
As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name. дальше »
2018-7-13 17:16 | |
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FCoin Manipulation of Ethereum Network Spurs Threat of Legal Action
Activity on the Ethereum network spiked at the end of last week causing transaction fees to hit all-time highs and now fingers are pointing to an obscure Chinese trading platform called FCoin. Accusations are being made against founder Zhang Jian, formerly of Huobi, of orchestrating a series of Sybil attacks in order to drive up traffic,. дальше »
2018-7-10 13:30 | |
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Komodo Price Analysis - Battling to stand out
Komodo is a blockchain that has improved upon what has come before it. In the delayed-Proof-of-Work algorithm, it has developed a novel solution to Sybil resistance. Additionally, with atomic swaps and DEX products, it has created unique use cases for its network. дальше »
2018-7-10 01:48 | |
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EOS Transaction Costs Stall Airdrops, One Individual Might Control Half of BPs, Plus Dan Larimer Throws Out the Constitution
A sybil attack is where one individual pretends to be 100 different accounts, with eos seemingly having no defense against it where it concerns Block Producers (BP) which effectively run... The post EOS Transaction Costs Stall Airdrops, One Individual Might Control Half of BPs, Plus Dan Larimer Throws Out the Constitution appeared first on Trustnodes. дальше »
2018-6-27 16:28 | |
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Op Ed: Venmo Offers the Ultimate Cryptocurrency Experience
Venmo could be the ultimate cryptocurrency experience from a user-experience perspective. Any cryptocurrency that seeks to power the future of global transactions must ensure that it is supported by a payment system that is simple, user-friendly and free — like Venmo. дальше »
2018-6-11 16:51 | |
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