The advancement of computing power over the past few decades has been extraordinary. As computers become more powerful, hackers gain access to more sophisticated tools to launch attacks against crypto platforms. The threat of quantum and AI-driven hacks will soon be a major challenge for crypto entrepreneurs and developers.
Web3 hacks are one of the biggest challenges the industry is facing and a significant barrier to institutional adoption and mainstream usage. According to Cyvers’s data, more than $2.1 billion has already been stolen this year, with almost a quarter of the year still remaining.
Cybercriminals are always exploring new techniques to exploit their targets, and cybersecurity experts must stay ahead of them. This ongoing back-and-forth has shaped internet
Articles by Guest Author
DVT 101: All You Need to Know on ETH Staking with Decentralized Validator Technology
May 13, 2024By Adam Efrima
The crypto space is full of buzzwords and abbreviations, and today, I’ll be discussing one that’s not quite so widespread yet: Decentralized Validator Technology, or DVT. It promises to fix a major worry about how traditional validator setups operate on Ethereum by significantly decentralizing and securing the process.
Validators are the entities that build blocks in Proof-of-Stake (PoS) blockchains, similar to miners in Bitcoin (and other Proof-of-Work (PoW) protocols). Ever since Ethereum moved entirely to PoS in September 2022 with The Merge, the blockchain has been supported by a set of approximately 900,000 validators, which theoretically makes it the most decentralized PoS network currently live.
However, not all that glitter is gold in this space.
What 600 Startup Applications Tell About Blockchain & AI in 2024
November 20, 2023This is an opinion post written for CryptoPotato by Ken Timsit, Head of Cronos Labs
2023 is the year of artificial intelligence, and there’s no better time than now to take a deeper dive into the different types and use cases of AI — especially for startups and projects working at the intersection of AI and blockchain.
To carry the momentum into 2024, Web3 startups should get a better sense of what to focus on when developing projects at the intersection of blockchain and AI. The Cronos Accelerator Program has evaluated over 600 Web3 startup applications, which allowed us to gain an accurate sense of the current blockchain and AI landscape.
Coming from all around the world, the teams reviewed were working on the development of projects related to GameFi, NFT, DeFi, data,
How to achieve 1.5 GB block size without losing transaction speed?
September 12, 2019[Featured]For years now, cryptocurrency and blockchain developers had a problem that revolved around making blockchain networks large enough to handle a significant number of transactions per block without sacrificing efficiency and speed. Numerous projects tried to come up with solutions that would address the issue, although they all resulted in failures. Even if they saw some amount of success, there were often additional difficulties — new problems and troubles that emerged along the way.Bitcoin (BTC) itself is a prime example of it. Its scalability issues were detected almost as soon as its white paper was published – and despite a decade of searching for solutions, developers are still having trouble with increasing its blockchain size. Ethereum’s Vitalik Buterin once claimed that
Read More »Can Blockchain Provide the Push Needed for VR Adoption?
September 8, 2019When most people think of use cases for virtual reality (VR), gaming tends to be the first to spring to mind. Ironically, the VR gaming market simply isn’t taking off in the way that the industry hoped it would. At this year’s E3, an annual event dedicated to all things video gaming, the VR presence was eerily quiet.However, the reality is that VR has been gaining traction in many other areas besides gaming.Training is a case in point. In 2018, the US military issued a white paper in which it described its plans for setting up a synthetic training environment (STE) in virtual reality. The STE simulates real combat conditions covering ground, air, and sea scenarios, enabling the military to train personnel in the necessary tactics and responses to emerging situations.The healthcare sector
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