Blockchain
Crypto Sleuth Ogle Proposes Security-Centric ‘Glue’ Blockchain
Pseudonymous crypto sleuth Ogle has witnessed many failures while investigating DeFi hacks. He belongs to a niche group of security experts who clean up the mess from frequent attacks on crypto-finance projects. His specialty is tracking down attackers and recovering stolen funds.
Stopping these heists relies on robust smart contract code and adept security. In an interview with CoinDesk, Ogle mentioned that it also comes down to incentives. If attackers perceive the personal cost of their exploits as too high, they might refrain from attempting them. This principle underpins Ogle’s upcoming blockchain, Glue, which aims to fund a security blanket that raises the stakes for black hats, encouraging them to target other platforms.
Despite its $1.4 billion valuation raised in a public token sale, Glue has remained relatively unnoticed this year. It’s another new layer 1 blockchain competing for the attention of crypto traders and developers amidst many rivals. Unlike well-known platforms like Monad and Berachain, Glue has used guerilla marketing tactics, such as distributing spy-style manila envelopes at industry conferences, to generate intrigue.
In interviews with CoinDesk, Ogle and co-founder SnapShot discussed Glue’s philosophy, security, and design. They believe Glue can appeal to both “regular people who don’t do crypto all day long” and traditional financial professionals who seek a secure platform.
Glue will feature an activity “hub” that aggregates DeFi services for users, setting it apart from most blockchains where users must find services independently. SnapShot mentioned that while “centralization” is often viewed negatively in crypto, a more centralized user interface can improve the user experience. Ogle added that Glue Hub aims to make on-chain onboarding as smooth as using Coinbase.
This approach targets the 90% of crypto users who prefer centralized exchanges over the relatively few who operate on-chain. Although Glue Hub will be the primary trading venue, the chain is permissionless, allowing anyone to build and launch services. These can be integrated with Glue Hub if they pass security checks, including audits commissioned by Glue.
Audits have become a marketing tool in crypto, with projects using positive reports to attract users. However, Ogle, a former auditor, criticized this practice, noting that many projects hide negative reports. To counter this, Glue plans to subject high-caliber projects to audits funded by the Glue Security Fund (GSF), which will be financed by a small tax on every transaction. The GSF will support various security initiatives across the chain.
Despite audits, vulnerabilities remain. For instance, the lending protocol Euler lost $200 million in a hack despite undergoing ten audits. Ogle, who helped recover Euler’s funds, claims a 65% success rate in retrieving money for the 40-odd exploited projects he has assisted.
Glue’s GSF aims to deter hackers by funding efforts to chase them down. Ogle acknowledged they won’t catch everyone but hopes the threat of pursuit will make hackers think twice about targeting Glue. Transactions on Glue will require multiple approvals (multi-sig), allowing third-party services to build tools enhancing user security by flagging suspicious activities.
This setup could help prevent users from losing money to seemingly innocent wallet interactions.
Source: coindesk.com
The post Crypto Sleuth Ogle Proposes Security-Centric ‘Glue’ Blockchain appeared first on HIPTHER Alerts.
Blockchain
Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
Digital Payment Gateway Market
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
-
Blockchain7 days ago
Pelican AI and Christie Capital Announce Launch of Brokered Financing
-
Blockchain Press Releases6 days agoBybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
-
Blockchain6 days ago
Sportsbet.io Becomes New Title Partner of Snooker’s Players Championship, Tour Championship and Champion of Champions
-
Blockchain Press Releases5 days agoThe Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
-
Blockchain Press Releases7 days agoBybit & SignalPlus Unveil the 100,000 USDC Global Trading Showdown
-
Blockchain6 days agoFast, Secure, and Seamless: Bybit Card QR Pay Set to Transform Payments in Brazil
-
Blockchain2 days agoCoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
-
Blockchain Press Releases7 days ago
Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake
