Super Protocol: The Solution to Web3 Crypto Hacks and Data Leaks?

Super Protocol: The Solution to Web3 Crypto Hacks and Data Leaks?
фото показано с : zycrypto.com

2022-9-29 23:53

Crypto hacks have become commonplace, with projects like Axie Infinity losing millions of dollars to such attacks. Hacks in 2022 alone have amounted to over $2 billion, and the year hasn’t ended yet.

Many attacks were possible because web3 projects find it difficult to balance security and decentralization. Security is usually traded for decentralization, which is why many web3 projects become vulnerable to attacks.

While developers may succeed at developing complex systems combining two or more solutions, such projects are exposed to attacks due to one compromise or another. The increasing number of hacks can dent the image of web3 and make an effort to sell it to the public futile.

Super Protocol is a project that is out to change this. By leveraging the industry-leading security delivered by Intel® Software Guard Extensions (Intel® SGX), the project seeks to increase the security of web3 projects while maintaining decentralization.

Intel® SGX is designed to support trusted computation. Based on the application and data isolation principle, it also enables developers to partition code into hardened enclaves. 

These enclaves secure platforms because data processed using them is invisible to other applications, the operating system or hypervisor, and even rogue employees with credential-protected access.

“Built to provide a foundation of confidentiality, Super Protocol is a blockchain-based cloud computing platform with no single point of failure; as a result, it is more resilient than centralized security solutions,” the Intel Solution Brief concerning Super Protocol states.

The brief further states that “In essence, Super Protocol is a global, decentralized, unstoppable “super cloud” that enables easy deployment of a wide range of workloads—a rich ecosystem of interoperable solutions and services, including databases, web services, ready-to-use applications, confidential data sources, and much more.”

Super Protocol brings confidential computations to web3 by creating a decentralized network of Intel-certified hardware providers. It also provides a more secure and protected environment for developers to build while maintaining decentralization.

CloudSigma is responsible for providing Software Guard Extensions by Intel (SGX). CloudSigma is a company with advanced hybrid hosting solutions that enables bespoke SGX-powered cloud servers with high-performance and local data sovereignty. 

The CCO of CloudSigma, Borislav Ivanov, speaking on the company, said:

“Our unique global network of cloud locations powered by local service providers is an ideal fit for Web 3.0 requirements. We offer truly independent, decentralised local infrastructure options to Super Protocol with a unified service delivery globally.” “Perfect provisioning, local data sovereignty, and Intel SGX availability underpin the cost-effectiveness, reliability, and security of Super Protocol’s service offerings,” he added. 

Who can use Super Protocol?

A wide range of applications can work with Super Protocol, including complex applications that work with sensitive personal data. Applications that wish to stay decentralized without exposing their users’ data will also find it helpful, e.g. decentralized exchanges. 

With Super Protocol, product, project team, or even a single developer can now build with the familiar convenience and workflow of traditional cloud services a decentralized application and web3 ecosystem. 

Website | Twitter | Telegram | Discord | LinkedIn 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

hacks crypto dollars alone 2022 such attacks

hacks crypto → Результатов: 126


Фото:

Mt. Gox Victims Must Go To Tokyo, Not US

The Mt. Gox exchange hacks still lurk in the air despite its implosion four years ago in 2014. The United States District Court for the Eastern District of Pennsylvania determined recently it doesn’t have jurisdiction in a case that involves Gox victims and a closely associated bank, in effect condemning the victims to redress their problems at the scene of the crime which is in Tokyo, not the US.

2018-9-13 13:30


Cryptocurrency Exchanges Are Fundamentally Flawed: Imperfections To Fix?

The Mt. Gox disgrace which took place in 2014 saw the advent of thefts and hacks, which have characterized a number of crypto exchanges, with the most recent occurring early this year. In this particular scandal, approximately $500 million worth of clients’ virtual assets disappeared from Coincheck, a Japan based crypto exchange. Apart from these […]

2018-9-2 12:15


Hacked Accounts on Crypto Exchanges Rose 369% in 2017, Research Finds

New research has found that crypto hacks are increasing, with a majority of criminal activity originating from the U. S. , according to International cybersecurity firm Group-IB. Poor Security Measures According to Group-IB, hacked accounts rose 369 per cent in 2017 compared to the previous year, with 720 usernames and passwords stolen across 19 of the top exchanges,.

2018-8-6 19:00


EtherScamDB: Ethereum (ETH) Scam Database For Active Threats?

The continued rise of cryptocurrency popularity has created a breeding ground for malicious attacks, phishing attempts, and the occasional PC hacks. While a large popularity of crypto users is earning from their efforts, there is another group that has chosen to earn a living by stealing from the hard workers. What Is EtherScamDB? EtherScamDB was […]

2018-7-15 14:09


How To Prevent Breaches Like Bancor

Although it appears that exchange hacks are becoming the new normal within the crypto industry, this could have been prevented if the smart contracts were properly tested for vulnerabilities. Yo Kwon, CEO and Founder of Hosho, the world’s leading blockchain security firm, has provided commentary on the breach and the importance of smart contract auditing […]

2018-7-11 10:06