BNB Chain launches a new community-run security mechanism to protect users
The AvengerDAO was developed in association with some of the leading blockchain security analy firms and top DeFi projects in the crypto ecosystem. BNB Chain, the native blockchain of Binance, has launched AvengerDAO, a new community-driven security initiative to help protect users against scams, malicious actors and possible exploits.The security-centric decentralized autonomous organization (DAO) has been developed in association with leading security firms and popular crypto projects such as Certik, TrustWallet, PancakeSwap and Opera, to name a few. The AvengerDAO security initiative....
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The BNB Chain team released its official statement on Oct. 7 regarding the hack and stolen funds, and a second statement on Oct. 11 on network decentralization. BNB Chain, the native blockchain of Binance Coin (BNB) and the Binance crypto exchange, has been subject to security-related developments over the last month.On Thursday, Oct. 6 the network experienced a multi-million dollar cross-chain exploit. The incident caused BNB Chain to temporarily suspend all withdrawal and deposit activity on the network.Initially, the announcement of the network outage cited “irregular activity” with an....
There exists a security problem inherent to Bitcoin’s transparency that needs to be addressed by the community.
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Blockchain technology has brought us unparalleled tools that allow us to achieve some degree of financial freedom. However, several aspects of cryptocurrency force us to pick and choose which features we value the most: efficiency, privacy, stability, speed, etc. However, it does not have to be like this. The Komodo Platform has put tools in place that can help cryptocurrencies achieve mass adoption and consumer satisfaction by allowing users to benefit from all the advantages that they provide without the need to sacrifice what they like best about national currencies. Privacy and....