Security

In order to strengthen supervision, in July 2024, Turkey passed the "Amendment of the Capital Market Law", establishing a preliminary regulatory framework for crypto asset service providers (CASPs), including authorization by the Turkish Capital Market Commission (CMB), Monitoring and Sanctions. This amendment also clarifies the severe penalties for unauthorized operation of encryption businesses, laying the foundation for the standardization and compliance development of the market. It is expected to attract more compliant companies to participate and promote the further maturity and growth of the Turkish encryption market.

The Bitcoin network is the most valuable decentralized network, and many BTCFi projects, including Babylon, have the potential to transform it into the foundational layer of the entire crypto industry, bringing new possibilities to the Bitcoin ecosystem.

Gavin has recently focused on the issue of Sybil attacks (civil resistance). This article revisits Dr. Gavin Wood's keynote speech at Polkadot Decoded 2024, exploring some of his insights on preventing Sybil attacks.

Gitcoin Passport is a decentralized identity verification tool that integrates Web2 and Web3 authentication methods. It safeguards user privacy and protects against Sybil Attacks. It aims to enhance the security and transparency of the Web3 ecosystem.

This article explores Ethereum's positioning and roadmap, analyzing the future development of decentralization, ownership utility, and Rollups. In the midst of ongoing debates about Ethereum, this piece may help the market gain a deeper understanding of Ethereum's operational strategies and development trajectory.

Exploring the smart contract features of the TON blockchain platform, including its unique asynchronous messaging mechanism, account model, and gas fee model. The article provides a detailed analysis of the TON blockchain architecture, including the design of the main chain, work chains, and shard chains, and how they work together to enhance network throughput and scalability. It also emphasizes the security issues to be mindful of when writing smart contracts and offers practical advice and best practices to help developers avoid common security vulnerabilities.

Rug pulls, where project developers abandon a project after stealing investor funds, are a growing threat in cryptocurrency. These scams often involve creating a new token, artificially inflating its price, and suddenly withdrawing liquidity. Common tactics include liquidity theft, sell-order restrictions, and token dumps. To protect yourself, conduct thorough research on projects, diversify your investments, and be wary of projects with vague whitepapers or anonymous teams. Utilize blockchain analytics tools to assess project risks and consider using security tools like contract auditors.

Understanding the importance and risks of token approvals is crucial as it is a key mechanism for accessing and managing tokens in smart contracts and wallets. The article delves into the approval processes for ERC-20 and NFT tokens, including how they work in MetaMask and the potential for malicious exploitation. It emphasizes the necessity of approvals in DeFi interactions while warning about the dangers of unlimited approvals. Additionally, it provides best practices for protecting your assets, such as using hardware wallets like Ledger to enhance security.

The article provides an in-depth analysis of the challenges associated with linking identities to public keys in public key cryptography and proposes three solutions: public key directories, identity-based encryption (IBE), and registration-based encryption (RBE). It discusses the application of these solutions in blockchain technology, including their impact on anonymity, interactivity, and efficiency. The article also explores the advantages and limitations of each method, such as IBE's reliance on a strong trust foundation and RBE's optimization of on-chain storage requirements. By comparing these approaches, readers gain a better understanding of the challenges and trade-offs involved in building secure, decentralized systems.

The main argument of this post is that if the desirable end-state is to have programmable privacy infrastructure that can handle shared private state without any single point of failure, then all roads lead to MPC. We also explore the maturity of MPC and its trust assumptions, highlight alternative approaches, compare tradeoffs, and provide an industry overview.

Discover everything about Forta Network, the Web3 security watchtower. Learn about $FORT tokenomics, subscription plans, developer earnings, and investment potential.

This article argues that privacy in blockchain networks is essential for broader adoption, rather than merely a desirable feature. It highlights the challenges posed by the current transparency of blockchains and emphasizes that varying users and use cases will necessitate different levels of privacy, suggesting that a one-size-fits-all approach is not sufficient.

This article provides a detailed analysis of the security challenges and threats of BTC Layer 2 technology. As the demand for the Bitcoin network grows, Layer 2 solutions such as Lightning Network, Rootstock, Stacks, etc. are developed to improve transaction speed and scalability, but at the same time bring new security issues, such as channel attacks, smart contract vulnerabilities, double Flower attack etc.

As the demand for privacy protection grows, TEE technology has once again become a focal point. TEE provides a secure execution environment independent of the main system, protecting sensitive data and code. Multiple blockchain projects, such as Flashbots, Taiko, and Scroll, are exploring TEE applications to achieve private transactions, decentralized block building, and multi-proof systems. While TEE offers advantages in security and privacy, it still faces centralization risks. In the future, it may need to be compatible with more hardware vendors and set node ratios to reduce reliance on a single supplier, thereby further enhancing decentralization.

In this issue, we use the TRON wallet as an example to explain the concept of multi-signature phishing, including the multi-signature mechanism, common hacker operations, and how to prevent your wallet from being maliciously multi-signed.