DAO Vulnerability Raises Questions of Trust and the Human Factor
The discussion and debate around the DAO vulnerability raises questions about trust and the human factor in the evolving realm of distributed ledger technology, Sean Neville, co-founder and president of Circle, noted in a Medium blog. Trust in the safety of assets and data in blockchain systems does not depend on human gatekeepers, Neville noted. But governance over software deployment of specific implementations still requires votes of trust. A P2P Network Is Built On Trust. Everyone in a peer-to-peer network implicitly if not explicitly executes trust decisions in the software, its....
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The CEO of Synereo, Dor Konforty, has pointed out that the lesson to be learnt out of this whole situation is the fact that the human factor must be put into consideration and respected. Nevertheless, Konforty makes clear his support for Ethereum and states the position of his company over the June 17 attack on the DAO. Rollback shouldn’t be an option, Despite being a major ETH and DAO holder, Konforty insists that a rollback will set a wrong precedent. He says: “A rollback will set a precedent. This is a decision that is crucial to the growth of the decentralization movement and to the....
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the upcoming listing of HUB on the 1st of December 2020 at 14:00 UTC. HUB was created by the Human Trust Protocol Network, under founding member Eric Ly. HUB will be listed with BTC and USDT trading pairs. What is the Human Trust Protocol? Human Trust Protocol solves endemic trust problems, and provides verifiable and portable trust. The vision of the Human Trust Protocol, and that of its HUB token is to encode identity and reputation on the blockchain, to become the next digital identity protocol interoperable across multiple....
During security testing a vulnerability was exposed on the Authy app, a two-factor authentication tool. Less than 0.2% of Authy users were affected. An outside security research team discovered the vulnerability which affects users who changed the phone number on Authy accounts since February 2014. The users affected were no longer able to access their original phone and so thus had to prove phone ownership. This process included government issued ID’s. Authy immediately moved to patch the vulnerability and has no evidence the vulnerability was exploited by nefarious characters. Authy sent....
Three weeks ago, Tyler and Cameron Winklevoss announced the formation of a new trust, Bitcoin Water Trust. A trust whose aim is to bring drinkable water to people who do not have access to it. The Winklevoss twins announced the launch of the trust in Miami earlier this year. The unique model for the trust […]
HUMAN Protocol has launched on the Ethereum Mainnet. To complement this launch – which also involved the listing of HMT (the native token of HUMAN Protocol) on FTX and Gate.io on the 10th of August – the HUMAN Protocol Foundation has now released the HUMAN App: the first opportunity for people to earn HMT directly for completing data-labeling tasks, and the first gateway into the HUMAN experience. HUMAN Protocol provides the end-to-end infrastructure – the tools, plugins, integrations, and APIs – to hire, manage, validate, and compensate individuals at scale. It is....