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🔒 Ethereum's EIP-3074 multiple entry points vs. Kadena's Pact single-entry permissions 🔒 Ethereum's upcoming 2025 upgrade includes EIP-3074, which may enhance functionality but raise serious security concerns. EIP-3074 Highlights: Increased Third-Party Access: Raises potential security risks by granting third parties greater control over user funds with multiple entry permissions. Security Risks: Potential for Exploits: Greater access might lead to increased vulnerabilities, raising the question of whether Ethereum is sacrificing security for functionality. Kadena’s Pact Approach: Built-in Security: Pact embeds signatures and keys within the transaction hash, preventing malleability and enhancing security. Chainweb Integration: This ensures that each command includes a signed hash, tightly links actions to the signer, and guards against impersonation. Read our latest blog to find out more about the difference that Pact makes for your security: https://lnkd.in/gxrXEz5b

New Post: Lightning Network Developer Warns About Major Vulnerability, Abandons Security Tasks - https://lnkd.in/dkxyXASb Riard, a Lightning Network (LN) developer, recently disclosed a major vulnerability affecting Bitcoin’s scaling layer. This vulnerability, which was addressed with a series of mitigations, involves a “new transaction-relay jamming attack” that can affect shared funds in channels. Riard abandoned LN-related work after testing the feasibility of these attacks in the open. Lightning Network […]

New Post: Lightning Network Developer Warns About Major Vulnerability, Abandons Security Tasks - https://lnkd.in/dkxyXASb Riard, a Lightning Network (LN) developer, recently disclosed a major vulnerability affecting Bitcoin’s scaling layer. This vulnerability, which was addressed with a series of mitigations, involves a “new transaction-relay jamming attack” that can affect shared funds in channels. Riard abandoned LN-related work after testing the feasibility of these attacks in the open. Lightning Network […]

GnosisDAO Debates Funding Ethereum Protocol Attackathon via Gnosis GnosisDAO is considering funding the Ethereum Protocol Attackathon, a large-scale security audit competition hosted on Immunefi. The event aims to enhance Ethereum's security and has already secured $500,000 from the Ethereum Foundation towards a $2 million goal. The proposal seeks $100,000 from GnosisDAO, citing shared vulnerabilities and the potential to strengthen the developer community. Community reactions are mixed: - 0xLajota opposes, arguing Ethereum Foundation's ample funds. - armog supports, noting security benefits for Gnosis Chain. - staworth supports, suggesting a structured funding approach but agrees on a one-off basis due to urgency. - Viszla supports, emphasizing closer ties with Ethereum and increased visibility for Gnosis. The proposal is praised for potential security improvements and community engagement but criticized for possibly unnecessary funding from GnosisDAO. No next actions have been determined.

Achieving top-notch cryptographic security shouldn't be limited to just hard work. Let's discover a different path today and delve into how you can embrace the Avocado Multisig by @Instadapp. Instadapp specializes in simplifying the complexities of DeFi by creating infrastructure. While their Instadapp Pro and Lite platforms gained recognition initially, they made headlines once again this year with the introduction of Avocado. https://lnkd.in/dzJPUccp Avocado is a next-generation smart contract wallet that enhances the user experience, allowing seamless transactions across multiple blockchains from a single-user environment. Avocado offers the convenience of multi-network transactions without the hassle of switching chains. What's more, gas payments are denominated in USDC rather than ETH, thanks to account abstraction. But wait, there's more! Instadapp recently unveiled Avocado Multisig, a specialized multi-signature wallet service. It builds upon the Avocado smart wallet system, providing enhanced security and utilizing streamlined multichain capabilities. What's unique about Avocado Multisig is that you don't need to generate an account yourself. Once you create an Avocado Wallet, a Multisig address is automatically created for you. Additionally, the Avocado Multisig system consolidates multiple. More: https://lnkd.in/dEjDGqAh

#Cryptovarsity Security Protocols and Measures in Leading DeFi Applications: In the web3 landscape, the need for security in DeFi applications remains a paramount concern for developers and users.  As DeFi continues to gain traction, the potential risks associated with smart contracts, decentralized exchanges (DEXs), and other financial instruments have become increasingly apparent.  However, proactive measures and innovative security protocols have emerged to mitigate these […] The post Security Protocols and Measures in Leading DeFi Applications appeared first on Coinscreed.

Narval has successfully integrated Blockdaemon Builder Vault to enhance Narval’s secure web3 access management with Blockdaemon’s cutting edge MPC key protection and multiparty signing technology. This integration applies attestations in one of the deployment models of Narvals policy engine to meet the highest standards and most stringent environments with institutional-grade security. Check out our blog to learn how this integration can streamline your crypto operations and ensure top-tier security for your assets 👇 .

To prepare for the quantum threat, organizations dealing with #cryptoassets can take the following steps: 1. Inventory Your Cryptographic Assets: - Begin by creating an inventory of your certificates, algorithms, and other cryptographic assets. - Prioritize them based on their criticality. - Ask questions like: - Which algorithms are your certificates currently using? - When do the certificates expire? - Which keys sign your software? 2. Identify Vulnerable Systems: - Identify business-critical systems, applications, and information that may be vulnerable to quantum-enabled attacks. - Extend crypto visibility into relevant future RFPs and with current vendors, contractors, and partners. 3. Engage with Technology Vendors: - Discuss post-quantum roadmaps with your technology vendors. - Insist that suppliers have a quantum-safe roadmap in place and ask them to share their plans. 4. Plan for Migration: - Start building your overall migration plan to quantum-safe security. - Understand that the transition process can take years. - Prioritize high-value assets for migration. Remember, acting now and preparing for quantum-safe cryptography will help secure your systems in the long term. 🚀🔐 Source: Bing, 04/04/2024 (1) Get a Handle on Your Crypto Assets to Prepare for PQC | CSA. https://lnkd.in/efHCQBYU. (2) The Quantum Threat To Cryptography: Don't Panic, But Prepare Now - Forbes. https://lnkd.in/eNkb-WSX. (3) Discovery of Quantum Vulnerable Cryptography and Migration to ... - NIST. https://lnkd.in/eZx48R-4. (4) Post-Quantum Cryptography: CISA, NIST, and NSA Recommend How to Prepare .... https://lnkd.in/e27dXbJf. (5) Quantum-Resistant Cryptos: A New Era for Bitcoin. https://lnkd.in/eE5MtPh8.

A New Era of DeFi: KELP’s Commitment to Security, Scalability, and User-Centric Innovation🔄🔒 To Know More👇 https://lnkd.in/gM3--giT #DeFi #Kelp Kelp

Post-quantum encryption: Crypto flexibility will prepare firms for quantum threat, experts say. NIST standards for quantum-safe encryption are due out this summer. As quantum computing advances, enterprises need to consider their encryption infrastructure and post-quantum security strategies. #quantum #encryption