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EigenLayer Unveils Restaked Rollups In Collaboration With AltLayer – The Defiant – DeFi News

December 21, 2023 | Author: admin

New tooling will enable developers to quickly spin up app-specific networks without compromising on decentralization.

Restaking protocol EigenLayer and rollup solution provider AltLayer have introduced a concept called restaked rollups, which could solve key issues for Ethereum scaling.

To that end, AltLayer is offering three services which will, in theory, allow developers to quickly spin up their own app-specific rollups, without sacrificing decentralization or compromising on speed.

EigenLayer allows users to restake their staked Ether or liquid staking tokens (LSTs) to secure other services in addition to the Ethereum blockchain. Third-party systems secured by EigenLayer are called Actively Validated Services (AVS).

In the context of the partnership, EigenLayer provides the security for AltLayers rollups as AVS.

Rollup networks, which are Layer 2 scaling solutions for Ethereum, have been a recurring theme this year, attracting more than $16B of assets to their chains. Arbitrum is currently the leading L2, with roughly half the sectors total value locked (TVL).

However, spinning up a rollup that offers fast and cheap transactions without compromising on decentralization has proved to be a massive technical challenge.

The biggest hurdle for rollup developers lies in sequencers, key pieces of software responsible for ordering, processing and aggregating transactions on a rollup before posting their results to the main chain.

Currently, leading rollups like Arbitrum and Optimism control their own sequencers. With the use of such centralized sequencers, the projects could potentially rearrange transactions to favor certain parties which would be antithetical to decentralization.

However, as AltLayer points out, the teams reputation and the number of people observing major chains like Aribitrum and Optimism have made centralized sequencers an acceptable design choice, at least in the short term.

This centralization risk increases when dealing with individual developers looking to spin up a small-scale rollup. Enough people arent watching the chain, so its hard for such projects to develop user trust.

Despite this, tooling has emerged for developers to deploy their own rollups Arbitrum, Optimism, and others have released software development kits (SDKs) to simplify the process. These SDKs dont provide all the tooling to make small-scale rollups strongly decentralized, which is where AltLayer and Eigenlayer are looking to step in.

Eigenlayer and AltLayer are part of an emerging design paradigm in the Ethereum space centered around modular blockchains. The core idea is that developers can pick and choose different providers to take on various aspects of a rollups architecture.

The restaking rollup framework may prove to be another step along the way to a crypto stack where developers can deploy fully decentralized rollups within minutes.

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OCEAN Aims To Further Bitcoin Mining Decentralisation In 2024 – Forbes

December 21, 2023 | Author: admin

EDITORIAL USE (Photo by BRIAN BIELMANN/AFP via Getty ImagesAFP via Getty Images

On Tuesday, Nov 28, legendary Bitcoin Core developer Luke Dashjr announced the launch of OCEAN mining, which closed a $6.2M round led by Block Head Jack Dorsey as a new type of mining pool that aims to decentralize bitcoin mining.

As Luke put it in a communique on Oct 31, OCEAN is "a new type of pool that enables miners to be truly miners again."

Bitcoin mining today is primarily done via pooled mining, which requires miners to point their hashrate to a mining pool that aggregates this towards mining blocks and subsequently makes payouts to these miners. Nearly all mining pools communicate using a now outdated protocol introduced in 2012 called Stratum V1, which only lets the pool have the final say on which transactions ultimately make it into a block.

In the aforementioned communique from Oct 31, Luke highlights that "the centralization and overreach of other pool operators has changed Bitcoin to the point where the security model of Bitcoin is at high risk." Adding, "Pools operate like custodial bank accounts and have the ability to decide who can and who can't use Bitcoin."

It is for these reasons that increasing efforts are underway to decentralize bitcoin mining to address the issues with the existing Stratum V1 protocol, the consequences of having dominant mining pools in certain regions, and having mining done by a handful of pools.

OCEAN, a Wyoming-based company, co-founded by Bitcoin Core developer Luke Dashjr, is a non-custodial pool that requires only a bitcoin address to join, and is the successor of the Eligius bitcoin mining pool (a popular zero-fee mining pool that had mined over 11,631 blocks), which Luke founded and was operated from 2010-2017.

Since its launch, OCEAN has successfully found two blocks and operates at a hash rate of around 422.8 Ph/s. Additionally, as part of its commitment to transparency, the company displays its node policy and block templates on its website.

Over the last few weeks, discussions around handling data such as inscriptions on-chain have surfaced, with OCEAN being accused censoring these transactions, but seems to be a misunderstanding.

Due to OCEAN running a parallel implantation of the bitcoin node software, Knots, maintained by Luke, certain transactions in the above bucket go beyond the default maximum 42-byte datacarriersize limit (responsible for dictating the maximum size of data in data carrier transactions that get relayed and mined) which cause them to be excluded from the blocks it mines.

Currently, there are no Stratum V2 mining pools that engage in pooled mining, however, OCEAN intends to fully transition into using Stratum V2 and allow for payouts to miners over the Lightning Network.

As posted by Luke on Dec 8 on X, formerly Twitter, "OCEAN is on a path to decentralization, and very soon, we are going to be in a position where hashers will be able to fully participate as miners and perform the intelligent parts of mining such as deciding which version of node software to run and what filters or other policies to apply to block template construction."

Additionally, OCEAN is on a mission to build on its three core principles of being non-custodial, transparent, and permissionless by focusing its efforts in 2024, amongst other things, on "leveraging and improving Stratum V2" and incorporating "Lightning payouts, which will solve the dust problem for small miners."

The options for miners in 2024 are promising. The overall landscape of efforts focused on decentralizing bitcoin mining is also on a positive trend and, undoubtedly, a welcomed change for all miners globally.

I'm a Nigerian Bitcoin core contributor and the CEO of the Bitcoin venture capital firm Recursive Capital. I also serve as a board member of trust, a non-profit focused on training African bitcoin and lightning developers via Btrust builders and growing the African Bitcoin ecosystem.

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BNP’s Election Strategy: Focus on Decentralization & Responsible Opposition – BNN Breaking

December 21, 2023 | Author: admin

BNPs Strategic Stance: Abstaining from Elections & Emphasizing Decentralization

Majibur Rahaman, the Joint General Secretary of the Bangladesh Nationalist Party (BNP), has announced the partys decision to abstain from the forthcoming city corporation elections. During a recent press conference at the BNP Central Office, Rahaman stated that this move was a strategic choice rather than an indication of weakness. He emphasized the BNPs role as a responsible opposition party, consistently opposing any governmental policies or actions perceived as corrupt or unjust, while avoiding strikes, rallies, or destructive activities.

The BNP, during the press conference, unveiled a 24-point election manifesto that primarily focuses on decentralization. The party plans to upgrade existing divisions into provinces and rename them. New proposed names include Uttar Banga, Barindra, Jahangirnagar, Jalalabad, Jahanabad, Chandradwip, Pahar Maynamoti, and Chattala Province. A core part of this decentralization initiative entails transferring at least 50% of central government departments to these provincial capitals.

This restructuring aligns with the BNPs objective to establish a federal government structure in Bangladesh. This would also involve a complete overhaul of the Election Commission, ensuring it operates as a fully autonomous and impartial entity. Rahaman underlined that the BNPs primary aim has always been to safeguard the peoples interests and instigate positive changes in governance and administrative systems without resorting to disruptive measures.

In stark contrast to the BNPs stance, recent disruptions, including vandalism and arson attacks on the railway during a BNP-Jamaat called blockade, have caused physical harm to citizens and extensive damage to government property. These actions aim to obstruct the upcoming elections and the nations progress. The government and the people of Bangladesh are steadfastly against such acts of violence. They are resolute in preserving peace and continuing the countrys socio-economic development, even in the face of these challenges. A non-cooperation movement, urging people to boycott the upcoming general elections on 7 January, was announced by the BNP Senior Joint Secretary General Ruhul Kabir Rizvi during a virtual press conference.

In conclusion, while political unrest persists in Bangladesh, the BNP continues to emphasize its dedication to positive change and the protection of peoples interests. Despite the decision to abstain from the upcoming city corporation elections, the party remains committed to its strategies, focusing on decentralization and the establishment of a federal government structure. The BNPs stance is a testament to their aspiration for a more democratic and just society, without resorting to disruptive protests or acts of violence.

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EthereumPOW Core Team Disbands to Achieve Full Decentralization as OneDAO Provides Transitional Support – Cryptonews

December 21, 2023 | Author: admin

The EthereumPOW core team is disbanding to achieve decentralized governance, with OneDAO providing temporary support. Image by Sergey Nivens, Adobe Stock.

The core development team behind the proof-of-work (PoW) fork of Ethereum announced on Tuesday its decision to dissolve EthereumPOWs centralized structure in favor of complete decentralization.

According to the announcement, the EthereumPOW core team will be disbanded in order to achieve full autonomy. Going forward, EthereumPOW will rely solely on PoW consensus and decentralized governance to become a deity-less public chain. This move hands over governance of the EthereumPOW blockchain to its community of users and miners.

Servers supporting the network will be transferred to OneDAO, a decentralized protocol on the Harmony blockchain. OneDAO will provide transitional maintenance for EthereumPOW until long-term ecosystem partners can be established.

Lead EthereumPOW developer Jadal Page explained the reasoning behind relinquishing centralized control.

We have explored and validated the feasibility of ETHW operating independently without Cores support, confirming the fundamental technical and operational conditions for ETHW in such a scenario, Page wrote in the announcement.

The Ethereum hard fork occurred in September 2022, just before the main Ethereum blockchain transitioned from PoW consensus to a more energy-efficient proof-of-stake model following the Merge upgrade.

Some developers and miners unhappy with the perceived centralization and loss of revenues created EthereumPOW to preserve the original PoW-based Ethereum. Since its launch, the forked token ETHW has struggled to gain adoption, however.

Grayscale decided against supporting ETHW in September, citing a lack of liquidity and custodial support. This removed a major source of potential demand. As a result, ETHW has declined from its launch price of $100 to around $2.59 currently.

By dissolving centralized control and embracing community governance, the EthereumPOW team hopes to reinvigorate the network. OneDAO will provide technical assistance during the transitional period as the developers step back. Still, success will ultimately hinge on whether the cryptocurrency community chooses to adopt EthereumPOW over the dominant Ethereum PoS blockchain.

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Polkadot: Can this metric aid with DOT price prediction – AMBCrypto News

December 21, 2023 | Author: admin

Polkadot [DOT] has maintained its streak of sitting on top of the list of key metrics that signifies the degree of decentralization. This can generally be perceived as a positive update, and the blockchain technologys core value is decentralization.

But will this be enough for the token to register gains on its price chat?

Polkadot Insider recently posted a tweet highlighting the blockchains nakamoto coefficient.

For starters, the metric indicates the minimum amount of work required to disrupt any specific blockchain. Whenever the metric increases, it clearly indicates that it is more difficult to break a blockchain, making it more decentralized.

Coming back to the tweet, Polkadot Insider revealed that DOTs nakamoto coefficient stood at 92. This was commendable, as back in April 2023, DOTs metric was only at 70.

Apart from DOT, other notable blockchains that made it to the list include Mina Protocol [MINA], THORChain [RUNE], Avalanche [AVAX], and Solana [SOL]. However, decentralization alone might not be enough for DOT to make its investors profitable.

Like several cryptos, DOT has also witnessed a price correction in the recent past. To be precise, in the last 23 hours alone, the token was down by over 3%.

As per CoinMarketCap, at the time of writing, Polkadot was trading at $7.13 with a market capitalization of over $8.9 billion.

To see what went wrong, AMBCrypto took a look at the tokens liquidation levels.

Upon checking, we found that DOT failed to go above a key resistance level in the recent past. The token experienced a substantial hike in liquidation when its price reached $7.77, which resulted in a price correction.

It will be interesting to watch when the market revives and how soon DOT will be able to go above that level.

Therefore, AMBCrypto checked DOTs daily chart to understand what to expect from Polkadot in the near term. Polkadots MACD displayed the possibility of a bearish crossover soon.

Read Polkadots [DOT] Price Prediction 2023-24

Its Money Flow Index (MFI) also registered a slight downtick from the overbought zone, meaning that selling pressure on the token was high.

The possibility of a further drop in price was pointed out by another indicator. DOTs price touched the upper limit of the Bollinger Bands, which generally results in a price correction.

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Toshiba Group Cuts Costs by 30% After Adopting Wasabi Hot Cloud Storage – The Fast Mode

December 21, 2023 | Author: admin

Wasabi Technologies has announced that Toshiba Group, one of the worlds leading electronics manufacturers, has reduced costs by 30 percent after adopting Wasabi as its cloud storage solution. Toshiba Group now stores 85 percent of its data on Wasabi, with unused data on its file servers automatically transferring to Wasabi cloud storage after 30 days, reducing costs and allowing the company to manage rapidly growing volumes of data more effectively. In addition, the elimination of file servers in each department has reduced the operational load.

Toshiba Group operates a 1PB file server with the volume of data growing 10 percent year-over-year as data accumulates through daily operations. The company was previously using NetApp on-premise as a file server to store data. However, scaling on-premise storage in anticipation of future data growth proved to be a significant investment. Rather than purchasing additional hardware, Toshiba Group adopted NTT Communications Wasabi Tiering for NetApp service. This solution uses NetApps tiering feature to automatically transfer and store infrequently accessed data from NetApp to Wasabis cloud storage.

In addition to its compliance with Toshiba Groups cloud standards, Wasabis ability to integrate within NTT Communications data centers was also critical for Toshiba Groups distributed file storage in key regions.

Katsuhiro Nigorikawa, General Manager, IT Platform Promotion Department, Toshiba I.S. Corporation

By migrating our NetApp data to Wasabi, we have been able to greatly expand our storage use while maintaining a lower cost. We have already achieved a 30 percent reduction in costs, and the more we use Wasabi, the more effective it becomes. Wasabi will also help us collect and utilize an even larger volume of data in the future.

Aki Wakimoto, Japan Country Manager, Wasabi

Wasabis next-generation cloud storage enables our customers and partners, like Toshiba Group and NTT Communications, to benefit from a scalable solution with predictable pricing that can grow with their data storage needs. We look forward to a continued partnership with Toshiba Group to reduce management costs with Wasabi hot cloud storage.

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Toshiba Group Cuts Costs by 30% After Adopting Wasabi Hot Cloud Storage - The Fast Mode

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EXCLUSIVE: Gift up to 10TB of cloud storage for life this holiday for only $99.99 – Boing Boing

December 21, 2023 | Author: admin

2:00 pm Mon, Dec 18, 2023

TL;DR: With so much of our lives now existing online, we all can use more cloud storage space to keep all our important photos, videos, documents, and other files safe. WithDegoo Premium, you get up to 10TB of cloud space, as well as special security features, AI tools, and more. While a lifetime subscription is valued at $1,080, you can now get it for just $99.99. No coupons needed!

When you're thinking of the perfect gift for someone, you should consider what they really need. For a lot of people, that would be storage space. We're not just talking physical storage with our most treasured memories and important documents existing online, having an abundance of cloud space is essential, too.

So, if you're scrambling to find a present for your loved one this holiday, we have the perfect idea:a Degoo Premium lifetime subscription.While it's usually valued at $1,080, it's nowon sale for just $99.99, no coupons needed. Plus, since it's entirely digital, you don't have to worry about shipping costs or it arriving on time, making it the ideal last-minute gift.

Here's how it works: Degoo offers a massive amount of storage space for life 10TB, to be exact. You can store photos, videos, apps, PDFs, documents, and more, uploading from all your devices. You no longer have to delete files and make digital sacrifices in order to save important things to your cloud. It's all more secure than ever, too, thanks to the 256-bit AES encryption.

And while the sheer size of storage space and the enhanced security is what makes Degoo special, there are also other fun features. Degoo makes it incredibly easy to share files with the right people, through email or text, and it even has an AI tool that will help you select the best photos to send!

Basically, Degoo Premium makes everything about online files simpler. And isn't making someone's life easier the best gift you can give? So, geta lifetime subscription to Degoo Premium for $99.99,now through December 25.

Prices subject to change.

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EXCLUSIVE: Gift up to 10TB of cloud storage for life this holiday for only $99.99 - Boing Boing

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Score unlimited access to 1TB of cloud storage for life for only $120 – Popular Science

December 21, 2023 | Author: admin

We may earn revenue from the products available on this page and participate in affiliate programs. Learn more

Every piece of data housed inside your phone, tablet, or computer is important. Whether its the secret recipe to your grandmas famous cookies or tens and thousands of pictures of your cat, each one deserves protection, and you cant just rely on your devices storage to safeguard them. The wise thing to do is to back them all up in the cloud, lest you risk losing everything in a snap.

While its convenient to just succumb to whatever default cloud service your device manufacturer offers, you stand to lose some money on those pesky recurring fees. Opting for a one-and-done solution is a much more economical choice, which Koofr cloud storage provides. In time for the holidays, you can get a lifetime subscription to the service for $119.97, its best-on-web price.

A worthy present for your memory hoarder friends and families (plus points that this one doesnt involve wrapping and shipping), Koofr offers 1TB of secure cloud storage with a one-time payment. To put things into perspective, 1TB can effectively store a quarter of a million 12MP photos, 500 hours of HD video, or 6.5 million digital document pages. It integrates with your other cloud accounts like Dropbox, Google Drive, Amazon, and OneDrive, allowing you to move data from one platform to another seamlessly.

Koofr boasts a handful of advanced file management features to help you organize your files and media easily. Renaming options and link appearance customization are available, along with a duplicate finder that removes identical files. It also happens to be the only cloud storage provider that doesnt monitor the activity of its users, providing an added layer of privacy and security. Its pretty easy to use, too, regardless of the device youre accessing it from.

One verified buyer gushed: It works great by itself, it has had a ton of updates, and its getting upgrades and new features all the time and the ability to connect Dropbox and other cloud networks is just the cherry on top, awesome product, really happy with it.

Through Dec. 25, you can grab a lifetime subscription to Koofr for only $119.97, an almost $700 discount from the usual $810.

Prices subject to change.

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Back up anything with $169 off the Offcloud cloud storage – BleepingComputer

December 21, 2023 | Author: admin

By BleepingComputer Deals

If you need to preserve materials for research projects or document something online, printing a web page isn't going to cut it. An Offcloud lifetime subscription provides a swift, simple way to turn anything you find online into an accessible file to share securely.

Rated 4.5 out of five stars by TrustPilot, Offcloud is an online software toolkit that allows you to securely manage downloads, convert files into more accessible formats, and make better use of the web overall. Offcloud has a large server network that you tap into that helps remove geographic restrictions and other frustrations. Working through any modern browser, all you need to do is log in.

Offcloud's servers are paired with useful conversion tools. For example, if you need to retain any webpage, Offcloud can convert it into a PDF or read-later HTML format to preserve the look and feel of a page. It synchronizes with video sites to enable downloads, so you can keep them on file for reference instead of sending users to potential dead-end links. It also works with other hard-to-preserve sources like BitTorrent and Usenet to export what you need and keep track of it.

In addition, Offcloud has a range of automation and labor saving features, including support for Zapier and IFTTT, and can be tied into storage solutions like NAS, WebDAV, and FTP servers for automatic backup and file protection. It also supports upload and sync to your preferred cloud, including Google Drive, OneDrive, and Dropbox. 50GB of cloud storage and unlimited link generation also provides quick backup, storage, and sharing when you need it.

While we may joke that the internet is forever, it can often be anything but. This lifetime subscription to Offcloud helps you keep what matters for $39.99, $169 off the $209 MSRP.

Prices subject to change.

Disclosure: This is a StackCommerce deal in partnership with BleepingComputer.com. In order to participate in this deal or giveaway you are required to register an account in our StackCommerce store. To learn more about how StackCommerce handles your registration information please see the StackCommerce Privacy Policy. Furthermore, BleepingComputer.com earns a commission for every sale made through StackCommerce.

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Navigating the Complexity of AWS Data Transfer Costs – Enterprise Apps Today

December 21, 2023 | Author: admin

By Ilan Shamir, co-founder and Chief Product Officer, Resilio

Picture this. You use Amazon Web Services (AWS), harnessing its vast capabilities to store and transfer data across the digital landscape. Everything seems smooth until one day, an AWS bill arrivesa bill that leaves you scratching your head in disbelief. The data transfer costs are significantly higher than you expected.

Welcome to the labyrinthine world of Amazons data transfer pricing. Its a world where complexity reigns, costs vary based on region, and surprises in your bill are common.

AWS does offer a free tier, covering up to 1GB of data transfer per month. But for many, this is not enough. And when it comes time to settle the bill, the shock can be substantial.

Adding to the confusion, Amazon charges a premium for data egressa hefty markup based on location. A study by Cloudflare shows:

In this article, well explain Amazons data egress fees for different data transfer scenarios. Well also share six valuable strategies to help you optimize AWS data transfer costs and keep your cloud storage expenses in check.

Unraveling AWS Data Egress Fees

The AWS cloud includes numerous regions worldwide, private Direct Connect links (i.e., private connections from on-premises sites to AWS), and AWS Edge locations (i.e., data centers connected to Amazon CloudFront).

Data transfers into AWS from outside are free. AWS wants to entice users to its platform, so it makes onboarding as frictionless as possible.

But when you start moving data aroundeither outbound to the internet or within the AWS cloud (from one region to another)costs come into play.

Outbound Data Over the Internet

Sending data from AWS to the broader Internet incurs charges, and these costs vary depending on the region. Its a tiered system where the more data you send, the more you pay. The numbers can add up quickly.

For example, the chart below shows data transfer costs at each tier in the US East (Ohio) region.

You can also visit Amazons On-Demand Instance Pricing page for more information.

Data Movement Within AWS

Organizations can incur data ingress and egress costs in various ways. A few possible scenarios are listed below:

The Intricacies of Moving Data Within the Same AWS Region

Transferring data within the same AWS region seems straightforward, but dont be fooled; there are intricate rules governing these intra-regional transfers. The table below shows a list of rules and their associated costs to keep you on the right path.

How to Tame AWS Data Egress Fees

With the complexities of AWS data transfer costs, it quickly becomes apparent that keeping a tight rein on expenses is vital. Here are six ways to help you chart a course to reduce AWS data transfer expenses:

As you see, there are many intricacies of AWS data transfer costs. As you navigate these digital waters armed with newfound knowledge and strategic tools, youll be better equipped to master the art of controlling AWS data egress fees, ensuring your cloud storage expenses stay on course without surprises.

Ilan Shamir

Ilan is co-founder and Chief Product Officer of Resilio, where he leads the Product and Engineering teams. Before Resilio, he served in leadership roles for many leading technology companies, including BitTorrent, Check Point Technologies, and Decru. Ilan has also served as a visiting scientist at the MIT Media Lab, focusing on peer-to-peer software research.

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