Category Archives: Vitalik Buterin
Proof of Personhood: Balancing Identity and Privacy in Web3 – The Coin Republic
Proof of personhood is an idea by Vitalik Buterin, co-founder of Ethereum, to authenticate that online accounts are tied to real human beings rather than bots or duplicate identities. The essential premise is for individuals to sign cryptographic statements asserting uniqueness about themselves digitally.
In a blog post, Buterin outlined some potential approaches to implementing proof of personhood using zero-knowledge proofs. One method would be to have users sign statements about unique attributes about themselves that would be difficult for bots to replicate, like I am 1.7 meters tall or My mothers maiden name is X. The user would then generate a zero-knowledge proof to show they possess the secret attributes without revealing the actual attributes.
Another approach is to leverage social graphs, where users prove they have long-standing social connections to other verified humans. This aims to show that the user is part of an authentic social network, not just a fake account. For example, users could prove they have at least 50 social media connections and have been on the platform for over 5 years.
Buterin notes significant challenges around preventing Sybil attacks, where a single entity pretends to be multiple accounts. He suggests combining techniques like proof of uniqueness, proof of humanity, and social graph verification to make l attacks economically infeasible.
In general, Buterin views proof of personhood as a concept that is aligned with Web3 values of self-sovereign identity and preventing centralized platforms from exploiting user data. He believes new cryptographic techniques can balance privacy and verification goals. However, he acknowledges the risks of bias, exclusion, and other issues that must be worked out.
There are also criticisms of proof of personhood as being potentially discriminatory. Requiring verified personal attributes could marginalize vulnerable groups who struggle to provide government IDs or biometric data. The verification costs exclude people in developing nations needing more computing resources.
Lately, demand for proof of personhood has increased since Worldcoin started. A distinct human verifies their World ID on average every 7.6 seconds, and daily records are broken.
Proof of personhood represents an emerging concept that is well-aligned with Web3s ideals of decentralization and user-controlled identity. However, there are still significant barriers to a viable real-world implementation. As Ethereum co-founder Vitalik Buterin outlined, proof of personhood aims to validate that online accounts are tied to unique human beings rather than bots or sybils. This has obvious appeal for Web3 platforms looking to build trust and prevent fraudulent behavior. Buterin has proposed approaches like zero-knowledge proofs and social graph verification, which balance privacy and accountability.
Buterin acknowledges these challenges and cautions that community input will be essential to avoid exclusionary effects and bias. For the foreseeable future, proof of personhood will likely remain theoretical than practical. While the concepts are intriguing, much work remains across cryptography, governance, and inclusive ethics before proof of personhood can be responsibly implemented at scale. Any real-world application must carefully weigh benefits against potential risks of increased surveillance, discrimination, and digital inequality.
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Proof of Personhood: Balancing Identity and Privacy in Web3 - The Coin Republic
Bitcoin Adoption Ignites The Market; Ethereum, Signuptoken.com … – Analytics Insight
Bitcoin (BTC) adoption has proven itself as something great. It has significantly affected Bitcoins price, and big companies like MicroStrategy have started hoarding the asset. With well-established businesses showing increasing interest in Bitcoin, other altcoins like Ethereum (ETH) and Signuptoken.com (SIGN) have started gaining popularity as well. While Ethereum is already a big name in the crypto market, SignUp Token is on its way to becoming great! In this article, we will examine and analyze the similarities and differences between Bitcoin, Ethereum, and SignUp Token, and explore how Bitcoin adoption can have a positive impact on Ethereum and SignUp Tokens crypto presale.
Bitcoin adoption has undeniably won the hearts of numerous established companies, and one of the notable names embracing the digital gold is MicroStrategy. The prominent business intelligence firm recently released its financial results for the second quarter of the fiscal year 2023, making headlines for its Bitcoin holdings as part of its capital allocation strategy.
Michael Saylor, the co-founder and chairman of MicroStrategy, disclosed that the company added another 467 BTC, amounting to $14.4 million. With its latest addition, MicroStrategy now holds a staggering 152,800 BTC, valued at approximately $4.53 billion. This significant move is poised to have a ripple effect on the cryptocurrency market, further elevating the reputation of Bitcoin adoption as well as digital assets.
Ethereum, launched in 2015 by Vitalik Buterin, is not just a cryptocurrency but a versatile platform that supports smart contracts and decentralized applications (dApps). Its adoption has also been on the rise, with various industries exploring its potential for streamlining processes and creating innovative solutions. Ethereums blockchain enables developers to create decentralized applications, making it a hub for new projects and tokens.
Compared to Bitcoin, Ethereums value proposition is rooted in its utility and flexibility. Its growing ecosystem attracts developers and businesses, which further fuels its adoption. Additionally, Ethereums upgrades, like Ethereum 2.0, aim to address scalability issues and improve transaction speed, making it an appealing choice for both developers and users.
SignUp Token is a relatively new player in the crypto market, but its already creating waves with its unique approach to presales and community building. As a crypto coin, SignUp Token positions itself to offer a promising 72x ROI, starting at $0.01 and expected to reach $0.72 upon its launch on Uniswap.
SignUp Tokens success lies in its focus on community engagement. The team encourages users to refer family and friends to the project, fostering a strong and genuine community. This referral system allows the project to grow organically and ensures that early investors receive perks, such as early notifications about the token launch on Uniswap.
With an approved audit and a clear roadmap, SignUp Token aims to capture the attention of crypto investors looking for high ROI opportunities. Its unique approach to presales without multiple stages sets it apart from other projects, emphasizing simplicity and transparency.
Bitcoin adoption as well as Ethereums has ignited the cryptocurrency market, attracting institutional interest and driving mainstream recognition. While Bitcoins status as a store of value remains strong, Ethereums versatile platform and ongoing upgrades have positioned it as a prominent player in the crypto space.
Amidst this crypto frenzy, SignUp Token emerges as a promising presale opportunity. By focusing on building a strong and genuine community through referrals, SignUp Token sets itself on a path to success. Its approved audit, high ROI potential, and straightforward roadmap make it an appealing investment option for those seeking new opportunities in the crypto market.
Visit SignUp Tokens official website and social media channels to be a part of this amazing investment opportunity. Click on the links below to learn more.
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken
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Bitcoin Adoption Ignites The Market; Ethereum, Signuptoken.com ... - Analytics Insight
BSV blockchain sets new world record with 128M transactions in 24 … – CoinGeek
August 8, 2023, was yet another record-breaking day for the BSV blockchain.
In a 24-hour period, 128.691 million on-chain transactions were processed on the original Bitcoin protocol, proving once again that theoretical scaling limits are illusory.
Powering the transactions was Rekord IoT, a company focused on building the bridges between devices, machines, and indeed anything with IoT connectivity and the BSV Blockchain, according to its founder James Marchant.
Despite the massive number of transactions, which would have crippled most other blockchains, the fee per transaction remained a tiny $0.000005, according to BSVdata.com. This demonstrates BSV blockchains capability to power applications that utilize micropayments at scale.
Why is BSV blockchains massive scalability important?
In a statement on the record-breaking number of transactions, Ayre Group and CoinGeek founder Calvin Ayre highlighted why on-chain scalability is important. Ayre pointed to how scaling records like this give enterprises and startups confidence to build on the BSV blockchain, which in turn will lead to more transactions, incentivizing miners to focus on BSV, thus securing the network a virtuous feedback loop that builds a stronger, better blockchain at every step.
Just like theres no need to be two internets, there will only be one platform. And that platform has to be, by definition, the one that scales, Calvin Ayre
Ayre should knowsince day one, he has been an outspoken proponent of big-block Bitcoin and a believer in its ability to scale on-chain, as its inventor Dr. Craig Wright has always said. Truthfully, this record-breaking day will be a blip on the radar as BSV blockchain scales to the sort of enterprise levels Dr. Wright, Ayre, and others envision.
But its just test data!
Of course, critics will say that the 128+ million transactions are not due to real demandits just BSV blockchain entrepreneurs putting things on-chain for the sake of it.
While its true that these are tests, the critics, as per usual, miss the forest for the trees. The point is to demonstrate that even at this relatively early stage, BSV is capable of scaling to levels other blockchains simply cant.
Already, before the release of Teranode, BSV blockchain is running laps around other blockchains, and its only getting started. This is the sort of scalability required if the Internet of Things is to run on blockchain technology.
Right now, BSV entrepreneurs are like Thomas Edison in his labtinkering, testing, iterating, and trying to find out where the limits are so as to make improvements and find out what needs to be done so that, in the future, BSV blockchain is capable of handling 100+ million transactions per second, let alone per day.
And if other blockchains do manage to figure out scalability on BSVs level, theyre going to run straight into a brick wall of patents belonging to nChainDr. Craig Wright and his team have been working diligently to make sure that his vision for Bitcoin is fulfilled and his invention reaches its potential.
Entrepreneurs, developers, and builders of all kinds would do well to pay attention to BSV blockchain. In the end, promises of scaling someday will not allow for business applications that work today, and by the time snake oil salesmen like Vitalik Buterin are found out, it will be too late.
The time to build is nowand theres only one blockchain capable of handling the heatthe original Bitcoin, BSV blockchain.
Watch Calvin Ayre on CoinGeek Backstage: Floodgates will be opened once we can prove unbounded scaling
New to blockchain? Check out CoinGeeks Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.
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BSV blockchain sets new world record with 128M transactions in 24 ... - CoinGeek
Decentralization at its Finest: Comparing DogeMiyagis DAO … – Tekedia
In order to empower users, build confidence, and support democratic decision-making, decentralization is a fundamental principle of the crypto sphere. What sets DogeMiyagi(MIYAGI) apart isnt just its catchy name; its the transition to a Decentralized Autonomous Organization (DAO) and the unique governance. Solana (SOL), the high-performance blockchain network, and Ethereum (ETH), the ground-breaking smart contract platform but 2500 ETH burns is a notable event, as it contributes to the overall reduction of Ethereums circulating supply, potentially impacting its scarcity and value over time.
However, as Ethereum experiences notable market activity with the recent 2500 ETH Burns, an alternative contender steps into the limelight DogeMiyagi. In this comparative article, we delve into the intricacies of these three entities, exploring the benefits of decentralized decision-making within the DogeMiyagi ecosystem, and offering a fresh perspective on project development in the world of fintech.
Ethereum, often referred to as the world computer, laid the foundation for decentralized applications and smart contracts. Launched in 2015 by Vitalik Buterin, Ethereum introduced a groundbreaking concept that extended beyond mere transactions. The Ethereum market has been experiencing significant movement lately, driven in part by the 2500 ETH burns. Smart contracts, self-executing agreements with terms directly written into code, brought a new dimension to blockchain technology. 2500 ETH burns involves sending it to an address where it becomes unspendable, effectively reducing the total supply of Ethereum in circulation.
Ethereums governance primarily relies on a community-driven approach. Decisions are proposed and discussed within the Ethereum Improvement Proposal (EIP) process, where participants debate changes, improvements, and upgrades to the network. Ethereums transition to Ethereum 2.0 further underscores its unwavering commitment to decentralization. This move involves shifting from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, empowering token holders to take a more proactive role in the networks decision-making processes.
Solana, a relatively newer player in the blockchain ecosystem, differentiates itself with its remarkable transaction speeds and scalability. Solana was designed to address the scalability issues faced by many other blockchains, leveraging a unique consensus mechanism known as Proof of History (PoH) alongside PoS. This combination enables Solana to process thousands of transactions per second without compromising on security.
Solanas governance model, similar to Ethereums, encourages community involvement. Proposals for protocol upgrades and changes are submitted through the Solana Improvement Proposal (SIP) process. Community members and validators collaborate to assess and vote on these proposals, ensuring a collective voice guides the platforms evolution.
DogeMiyagi, often celebrated as a top new memecoin, has captured the attention of the crypto community with its playful yet purposeful approach. Beyond the humor, DogeMiyagi is making a profound shift by transitioning to a DAO. This transition empowers its community members to actively participate in decision-making processes, aligning with the broader theme of decentralization within the crypto space.
At the core of DogeMiyagis model is decentralized decision-making. Through its DAO structure, token holders are granted voting power on important matters, such as project development, partnerships, and even meme contests. This approach ensures that the communitys collective wisdom shapes the projects trajectory, reducing centralized control and fostering a sense of ownership among members.
In the realm of cryptocurrency and fintech, Ethereum and Solana have paved the way for blockchain innovation, each with its unique strengths. However, the emergence of DogeMiyagi and its transition to a DAO introduces a novel approach that emphasizes community empowerment and inclusivity.The 2500 ETH burns is a notable event, as it contributes to the overall reduction of Ethereums circulating supply, potentially impacting its scarcity and value over time. As the fintech landscape continues to evolve, the concept of DAOs and decentralized decision-making could become a cornerstone, enabling projects like DogeMiyagi to stand out as leaders in the crypto market.
Be a part of this groundbreaking movement, and consider joining the DogeMiyagi presalean opportunity to contribute to a network poised to lead the crypto market with its innovative approach.
Find out more about DogeMiyagi (MIYAGI):
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
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The Evolution of Crypto Wallets: Exploring The History and Future of … – Techopedia
The first-ever cryptocurrency wallet was released alongside bitcoin (BTC) in 2009. Over the past decade, technology has evolved to become more advanced and gain a variety of features.
In this article, we delve deeper into the evolution of cryptocurrency wallets and how they work.
Like with any other form of currency, cryptocurrencies need a place where they can be stored. This is where crypto wallets come in.
They allow users to manage all of their cryptocurrency balances in one place and support easy transfers through the blockchain. Some wallets allow users to sell or buy assets, as well as interact with decentralized applications (dApps).
Cryptocurrency wallets work by utilizing cryptographic keys, a long string of random and unpredictable characters, to secure and manage a users currency holdings. These keys are essential for conducting transactions on a blockchain network. There are two types of cryptographic keys every crypto wallet has: public and private.
The first ever cryptocurrency wallet was created by Satoshi Nakamoto alongside the first ever digital asset, bitcoin (BTC).
In order for the wallet to be usable, a user had to download the entire history of the BTC blockchain. This was doable at the start, however, as the coin gained more popularity and expanded, so did the period of synchronization.
According to a review published by Ethereum founder Vitalik Buterin in 2012, by then, the cryptocurrency wallet had to be running practically constantly so that it could always be updated with new BTC data.
Because it is a full node, the client must download the entire (currently 6 gigabyte) blockchain to operate, which can take up to a few days the first time you start the client and several minutes to an hour every time you start the client afterward if you do not keep it running constantly.
The first ever mobile bitcoin wallet application released for Android was created in 2011 by Electrum. The company claims to be one of the most popular bitcoin wallets to exist and made it easier for users to manage their BTC holdings on the go.
With the growing interest in cryptocurrencies, third-party wallet services began to emerge, offering users alternatives to the original bitcoin clients built-in wallet. Such services aimed to provide more user-friendly interfaces and additional features, contributing to the diversification of the cryptocurrency wallet ecosystem.
Around 2014, hardware or cold wallets entered the cryptocurrency scene.
Such wallets specialize in storing private keys offline, reducing the risk of online attacks, and became more popular among users who prioritized the safety of their cryptocurrency holdings.
One of the pioneers of these hardware wallets was Trezor.
Multisignature (also known as Multisig) cryptocurrency wallets require multiple signatures to authorize a transaction.
Unlike traditional wallets that rely on a single private key to initiate transactions, multisig wallets involve multiple parties or private keys collaborating to validate and authorize transactions. This added layer of security makes these wallets particularly useful for enhancing the protection of cryptocurrency holdings, especially in scenarios where multiple individuals or entities are involved.
Popular examples of multisig crypto wallets include Armory, Guarda Wallet, and Linen Wallet.
In 2016, ether (ETH), the second-largest cryptocurrency on the market, had introduces its wallet ecosystem.
Ethereum wallets allow users to access their coins and are able to store any digital assets built on the Ethereum ecosystem.
The blockchain explained:
Ethereum wallets are applications that let you interact with your Ethereum account. Think of it like an internet banking app without the bank. Your wallet lets you read your balance, send transactions and connect to applications.
According to the Ethereum website, there are over 50 Ethereum wallets for users to choose from, including Rabby Wallet and Portis.
As the crypto industry continued to evolve, so did the cryptocurrency wallets.
By 2017, the world of cryptocurrencies continued to expand beyond BTC and ETH with the introduction of various other coins and tokens in the likes of cardano (ADA). This called for the creation of crypto wallets that would support a variety of tokens issued on different blockchain platforms.
This was the year when Coinbase decided to launch its self-custody wallet as a mobile application, with Robinhood rolling out its Polygon-based wallet on iOS.
In 2023, there are three popular types of crypto wallets:
According to data published on SkyQuest, the platform projects that the cryptocurrency wallet industry will surpass $60 billion by 2030 as preference for digital assets continues to grow.
Today,wallets range from simple apps to more complex security solutions. If you are looking for the best crypto wallet, ensure you do your own research and make decisions based on your personal needs, preferences, and goals.
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This AI Project Bridges Deepfakes to the Crypto Space – Investing.com India
With the advent of advanced models of artificial intelligence (AI), the technology space is evolving rapidly with revolutionary innovations. Out of them all, deepfakes, tech-enabled mimicries, and the synthetic media hold major hype and concern as the controversial technology trends of the decade.
Deepfake technology generates altered videos, images, or audio of real people combinedly using AI along with machine learning (ML), and facial mapping. Monetizing deepfakes was quite a rare attempt before 2020, as it garnered negative criticisms and warnings. However, nowadays some AI projects leverage this technology to open up economic value and new modes of content creation.
The AI project in the crypto industry, DeepFakeAI, gained fame among the community for its superimposed videos of Tesla (NASDAQ:) CEO Elon Musk, the SEO Chair Gary Gensler, Binance CEO Changpeng Zhao (CZ), and co-founder Vitalik Buterin.
Notably, the platform facilitates users to customize and create AI-generated videos through deepfake technology. Users could gain access to the platforms services through a native bot on Telegram or a web API on their website.
The process of developing deepfake videos on the platform is fast-paced and cost-effective. Initially, an AI voice is generated and fed through the platforms deepfake algorithm. Next, the voice is synchronized with a video snippet featuring a specific person using the lip-syncing process. In this way, new deepfake characters that mimic real-world personalities are created. These characters are then utilized as the principal elements of unique deepfake videos.
Highly-creative and entertaining promotional videos generated via this technology serve as fascinating use cases for commercial purposes. DeepFakeAI sheds light on a wide array of opportunities for users to generate revenue from deepfake videos. Users could create unique videos and resell them for profit. It has also been reported that a community member generated a revenue of $520 for fulfilling video orders via the platform.
Moreover, this AI project aims to bolster video creation services on video-streaming platforms such as YouTube and freelancing websites such as Fiverr.com, Freelancer, and the like.
Cryptocurrency FAKEAI is assigned as the native utility token of DeepFakeAI, enabling users to utilize the platforms services. Holding this token provides specific benefits such as free usage of certain packages on the platform. At the time of writing, according to CoinGecko data, FAKEAI traded at $0.00031306.
Despite the lucrative scenario, people of different generations GenX to GenZ fear the negative consequences of this technology. As a way to address these concerns, projects like DeepFakeAI encourage users to abide by ethical practices and transparency.
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This AI Project Bridges Deepfakes to the Crypto Space - Investing.com India
Ethereum, Solana & Signuptoken.com: Which Is The Best Option To … – Analytics Insight
Cryptocurrencys ever-evolving world has two standout players Ethereum (ETH) and Solana (SOL). Their appeal extends to enthusiasts, potential investors, and those seeking fresh crypto opportunities. Amidst market volatility, a reliable and promising player is starting to gain significance. This article dives into Signuptoken.com (SIGN)s potential, comparing it to Ethereum and Solana, and highlighting its promise as a crypto market leader.
Ethereum, founded in 2015 by Vitalik Buterin, has sold over 120 million tokens, with its current price at $1,835.66 per Ether (ETH). As a pioneer in blockchain technology, Ethereums strong foundation has led to widespread adoption in the crypto community. Its ability to process thousands of transactions per second has revolutionized the crypto world.
Despite challenges like high gas fees, Ethereums flexibility and security have enabled the successful launch of several prominent DeFi projects, NFTs, and other groundbreaking applications. In more recent news, the much-anticipated Ethereum 2.0 upgrade aimed to improve scalability and efficiency by transitioning to a Proof-of-Stake consensus. With its market capitalization exceeding $200 billion, Ethereums growth potential remains high and is expected to surge. ETH holds a formidable position in the crypto market as the industry moves towards mass adoption.
Solana (SOL), the high-performance blockchain launched in 2020 by Anatoly Yakovenko, has rapidly gained traction in the crypto world. With its lightning-fast transaction speeds and low fees, Solana processed an impressive number of transactions, averaging thousands per second.
Currently, Solanas native cryptocurrency, SOL, has seen considerable demand making it a noteworthy player in the bullish market. The current price of SOL stands at $22.71, reflecting the growing interest and confidence in the project.
Solanas innovative scalability approach combining Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms has positioned it as an attractive Ethereum alternative. Boasting a surge in decentralized applications, particularly in gaming and NFTs, Solanas high performance and user-friendly experience have garnered widespread attention, promising a bright future for the blockchain in the evolving crypto space.
Amid the competitive landscape of cryptocurrencies, Signuptoken.com has emerged as a formidable contender. As a newcomer, SIGN sets itself apart with a unique approach that leverages the strengths of both Ethereum and Solana.
The innovative and community-driven approach of Signuptoken.com has garnered significant attention within the crypto community. Investors worldwide are recognizing the potential for long-term sustainability in the crypto space through SIGNs presale. The affordable price of $0.01 is attracting interest, making it an attractive entry point for investors enthusiastic about the crypto revolution. As a result, the presale has achieved massive success, selling over 17 million tokens globally.
Signuptoken.com, amidst the bullish market scenario, demonstrates the promising potential to carve a significant niche within the ever-expanding crypto industry. Through a well-thought-out and strategic approach, the platform not only aims to offer a seamless user experience but also seeks to actively engage with its growing community of crypto enthusiasts. These qualities collectively position SIGN as a formidable contender, catering to the needs of those investors who yearn for both stability and substantial growth in the highly volatile crypto market.
Ethereum and Solana have been at the forefront, each offering unique strengths and opportunities as a Layer 1 solution. However, as the market experiences turbulence, Signuptoken.com emerges as a promising player, offering something unique from both Ethereum and Solana. With a user-friendly platform, seamless experience, and innovative growth potential, Signuptoken.com presents itself as a compelling option for cryptocurrency enthusiasts and potential investors.
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken
Telegram: https://t.me/SignUpToken
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Ethereum, Solana & Signuptoken.com: Which Is The Best Option To ... - Analytics Insight
Worldcoin Bug Allowed Anyone to Become Orb Operator: CertiK – Decrypt
Crypto security firm CertiK revealed it recently unearthed a vulnerability in the Worldcoin protocol that allowed an attacker to bypass the verification process to become an Orb operator.
According to CertiK, this vulnerability would have reportedly enabled anyone to circumvent the verification requirements to become a Worldcoin Orb operator. The individual wouldn't be obligated, for instance, to be a legitimate company, undergo proper ID verification, or pass a vetting interview.
In a normal case, only legit businesses that pass the Worldcoins strict identification verification process can run an Orb operation, which collects users iris information, reads CertiKs thread.
The security firm stated that it reported the issue to Worldcoin through a standard whitehat disclosure procedure, after which the projects security team confirmed the vulnerability and promptly issued a fix.
CertiK, in turn, reportedly verified and confirmed that the fix mitigated the threat. The security company added that it will make details of the finding and how the vulnerability was mitigated public at some point in future.
On May 29, CertiKs Security Team reported a bug to Worldcoin that could allow an attacker to create an inactive Operator account," a Worldcoin spokesperson told Decrypt. "The bug did not allow anyone to bypass the manual review for establishing an Operator account and at no point was access to Orbs or data enabled through the bug. The Worldcoin security team acknowledged and fixed the issue within 24 hours of receipt of information from CertiK and verified that it has not been abused."
Its worth noting that CertiKs revelation just a week after Worldcoin released a report on security audits of the Worldcoin protocol conducted by audit firms Nethermind and Least Authority.
These audits covered an extensive number of areas, including vulnerabilities in the code leading to adversarial actions and other attacks, as well as protection against malicious attacks and other methods of exploitation.
The Nethermind audit flagged 26 items during its security assessment, of which 24 were identified as fixed after the verification stage, while one was mitigated and the remaining one was acknowledged.
Least Authority identified three issues in the protocol and offered six suggestions, all of which have either been resolved or have planned resolutions, according to Worldcoin.
CertiK didnt immediately respond to Decrypts requests for comment.
Launched earlier this summer, Worldcoin is a crypto project aimed at establishing a novel global identity and financial network centered around iris scans.
The company claims that these World IDs will be crucial as artificial intelligence becomes more influential, allowing humans to prove they aren't robots.
To participate in this network, individuals are required to have their irises scanned using a device known as the Orb. As an incentive, users are rewarded with the project's native WLD token in exchange for their iris scan.
The project has sparked several concerns regarding data privacy and security. Critics, including famed whistleblower Edward Snowden and Ethereum co-founder Vitalik Buterin, argue that Worldcoin might be gathering an excessive amount of personal data, which could potentially be misused for malicious purposes.
There are also apprehensions about the security of the irisas Buterin pointed out in his recent blog post, Orbs are hardware devices where backdoors could be installed into the system, allowing malicious manufacturers to create multiple fake human identities.
MIT Technology Review has also accused Worldcoin of engaging in deceptive marketing practices and gathering a larger amount of personal data than initially disclosed.
In response to these concerns, Worldcoin has asserted its commitment to safeguarding user privacy.
The companys website states the project is fully compliant with all laws and regulations governing biometric data collection and data transfer, including Europes General Data Protection Regulation ('GDPR').
The firm added that the Worldcoin Foundation and its contributor Tools for Humanity never have and never will sell any personal data.
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Happy Birthday, Ethereum!: Vitalik Buterin celebrates Ethereum’s birthday in Bengaluru with ‘ghevar’ cake, masala dosa – Business Today
Ethereum founder and Russian-Canadian computer programmer Vitalik Buterin on July 30 celebrated the eighth birthday of Ethereum, the world's second-largest cryptocurrency by market capitalization. Buterin conceived Ethereum back in 2013.
Buterin was seen relishing a 'ghevar' cake and a Darshini style masala dosa. Ghevar, a disc-shaped sweet made with flour, ghee, and milk, soaked in sugar syrup, is a traditional Rajasthani dessert associated with the festivals of Teej and Raksha Bandhan.
Polygon COO Sandeep Nailwal, who was present at the celebration took to Twitter to share the glimpse of Buterin enjoying this Indian delicacy.
"Celebrating Ethereums eighth birthday with Vitalik Buterin with Indian 'Ghever' as a cake in Bengaluru. Happy Birthday, Ethereum!" Polygon COO Sandeep Nailwal, one of the entrepreneurs Buterin met during his visit to the city, tweeted.
Buterin, along with other Ethereum founders Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin, has seen Ethereum grow exponentially since its inception. It is only in second position to Bitcoin in terms of market capitalization. On July 31, Ethereum price stands at Rs 153,578.57
Ethereum is not just a cryptocurrency but a platform that allows anyone to deploy permanent and immutable decentralized applications onto it. It has given birth to decentralized finance (DeFi) applications, providing financial instruments that do not directly rely on intermediaries like brokerages, exchanges, or banks.
Buterin had earlier discussed the future of Ethereum, particularly the upcoming Ethereum 2.0 upgrades. These upgrades promise a more scalable, secure, and sustainable Ethereum, with the Beacon Chain, one of Ethereum 2.0's distinct sections, allowing users to be Eth2 validators by staking Ethereum.
Recently, OpenAIs CEO, Sam Altman, came up with his new cryptocurrency project, Worldcoin, which aims to resolve the issues of proof of personhood by creating a system that uses biometrics to confirm identities. Buterin released a long form response about his thoughts on Worldcoin and said that as artificial intelligence increases with time, it will be really tough to distinguish between humans and machines.
In 2021, Buterin made an unprecedented donation to support India's fight against the Covid-19 pandemic. He donated $1 billion worth of Shiba Inu cryptocurrency coins to CryptoRelief, a Covid relief fund established by Sandeep Nailwal, co-founder of crypto organization Polygon.
However, a report from Cryptonews indicates that only 5 percent of Buterin's original donation was utilized for Covid relief efforts in India. This was due to the volatile nature of the meme coins, which saw their value fluctuate dramatically following the donation.
CryptoRelief sending $100m of the $SHIBA funds back to me. I plan to personally deploy these funds with the help of science advisors to complement CryptoReliefs existing excellent work with some higher-risk higher-reward COVID science and relief projects worldwide," the worlds youngest cryptocurrency billionaire had said in a tweet.
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Ethereum boss in Benglauru: ‘Ghevar’ cake, masala dosa on 8th anniversary – Moneycontrol
Etherium founder and Russian-Canadian computer programmerVitalik Buterin celebrated the cryptocurrency's eighth birthday in Bengaluru with some 'ghevar' cake, masala dosa, and a bit of 'Bharat darshanam'.
Ghevar is a Rajasthani disc-shaped sweet made with flour, ghee, and milk, soaked in sugar syrup.
"Celebrating Ethereums eighth birthday with Vitalik Buterin with Indian 'Ghever' as cake in Bengaluru. Happy Birthday, Ethereum!"Polygon COO Sandeep Nailwal andfounder of CryptoRelief tweeted.
Ethereum went live on July 30, 2015, and the cryptocurrency has grown rapidly to become the second only to bitcoin in market capitalisation.
Vitalik Buterin's connection with India, however, stretches beyond the delicacies as the programmer had in 2021 made a legendary donation of $1bn in Shiba Inu cryptocurrency coin to support Covid efforts in the country via Nailwal's CryptoRelief. But, only 5 per cent of the original donation made it to Covid relief efforts in India, as per a report in Cryptonews.
Moreover, CryptoRelief returned$100 million (roughly Rs 747 crores) in cryptocurrencyto Buterinto avoid conflict with Indian laws and the distribution of relief funds, News18 reported. CryptoRelief sending $100m of the $SHIBA funds back to me. I plan to personally deploy these funds with the help of science advisors to complement CryptoReliefs existing excellent work with some higher-risk higher-reward COVID science and relief projects worldwide,"the worlds youngest cryptocurrency billionaire had said in a tweet.
Read more:Elon Musk, Ethereum co-founder Vitalik Buterin, Sahil Lavignia discuss ways to boost population, moot 'synthetic wombs'
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Ethereum boss in Benglauru: 'Ghevar' cake, masala dosa on 8th anniversary - Moneycontrol