Ethereum scaling protocols drive zero-knowledge proof use: Finance Redefined

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Algorand decentralized lending protocol Algofi to shut down by end of 2023, Arbitrum-based Rodeo Finance exploited for the second time, $1.5 million stolen, all these and more in the latest edition of Finance Redefined.

protocols dominate the use of ZK-rollups, with major launches, new research and healthy competition among the key highlights in a sector report published by ZKValidator.

According to a July 11 announcement, developers’ “belief in the strength of Algorand’s technology and novel consensus algorithm has not wavered,” however, the Algofi platform will wind down soon.Bug bounties are programs organizations offer to incentivize security researchers or ethical or white hat hackers to find and report vulnerabilities in their software, websites or systems.

According to data shared by blockchain analytic firm PeckShield, the exploiter later bridged the stolen funds from Arbitrum to Ethereum and swapped 285 ETH for unshETH. The exploiter then deposited the ETH on Eth2 staking. Finally, the exploiter routed the stolen ETH using the popular mixer service Tornado Cash, which exploiters often use as an exit route to obscure the transaction’s footprint.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bug bounties offer rewards for white hat hackers to enhance DeFi security, but analysis shows mixed results. Learn more about these programs and their impact on the ecosystem.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: Bitcoin Hits 14-Month High, Following Ripple Ruling – Market Updates Bitcoin NewsBTC rose towards the $32,000 mark late Thursday, as markets reacted to the news that a U.S. judge ruled XRP was not necessarily a security.
Source: BTCTN - 🏆 531. / 51 Read more »

Real-World Asset Platform Ondo Finance Expands Tokenized Treasurys to PolygonTokenized real-world asset platform OndoFinance is issuing its short-term Treasurys token $OUSG natively on 0xPolygon and also plans to bring its upcoming tokens and DeFi protocol FluxDeFi to the network. By sndr_krisztian
Source: CoinDesk - 🏆 291. / 63 Read more »