Decentralized

Mitigating MEV Attacks in Crypto Transactions

Tuesday. August 20 at 11:00 AM

1 min. read

Decentralized exchange aggregator ParaSwap is introducing an intent-based trading protocol to address MEV attacks, which have cost users billions in the crypto space. MEV, or maximal extractable value, allows validators to profit by manipulating onchain transactions. ParaSwap's founder, Mounir Benchemled, highlighted the negative impact of MEV on user experience and DeFi efficiency. The intent-based trading model aims to protect users by defining their trading intent before submitting transactions. MEV has been a significant issue in DeFi, with popular protocols like Uniswap being targeted by bots. ParaSwap's Delta protocol tackles this problem by processing trades in three steps, involving AI agents to propose efficient execution strategies. Other platforms, such as 0x, have also developed strategies to combat MEV attacks. ParaSwap has facilitated over $76 billion in transactions since 2019 and plans to expand its services to more chains and incorporate AI-driven agents.

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Solana Introduces Roam: A Decentralized WiFi Network

Wednesday. January 15 at 12:00 PM

Solana has launched Roam, a decentralized WiFi network aimed at revolutionizing global connectivity. The project plans to integrate over 1 million WiFi hotspots into a secure network, incentivizing users for their participation. Roam utilizes Open Roaming protocols, positioning itself as a leader in the Decentralized Wireless (DeWi) space. This initiative reflects Solana's commitment to redefining global connectivity by providing secure, reliable, and seamless internet access. Users can earn rewards by accessing free WiFi points, checking in daily, and staking Roam Tokens (ROAM). Despite facing criticism for being ahead of its time, Solana's innovations like Roam and the Seeker Phone demonstrate its dedication to driving blockchain innovation. The market response to Roam has been cautious, with SOL token prices seeing a modest increase. Solana's ability to balance innovation with practicality will be key to the success of projects like Roam, showcasing its focus on real-world blockchain applications.

Decentralized

Decentralized Identity Project Humanity Protocol Launches Humanity Foundation

Wednesday. January 15 at 10:00 AM

Humanity Protocol, a strong competitor to the digital identity project World, has taken a step closer to its token generation event by introducing the Humanity Foundation. Led by key figures including Animoca Brands chairman Yat Siu, the foundation aims to drive the ecosystem of the Humanity Protocol. This project focuses on decentralized identity (DID) and zero-knowledge proofs (ZK-proofs) to allow users to verify their identities without revealing personal data. Through biometric technology, users can enhance their verified identities with additional credentials like education and employment history. The foundation's founding directors also include Mario Nawfal and Yeewai Chong, who emphasized the importance of biometrics in building a secure identity system. Humanity Protocol's technology ensures that individuals have full control over their information, with biometric data encrypted and stored securely. The project's roadmap includes the introduction of palm recognition technology for Web3 verification, distinguishing it from its competitor, World, which uses iris biometric technology.

Decentralized

Meta's Alleged Censorship of Competitors Raises Concerns

Tuesday. January 14 at 4:00 AM

Social media giant Meta is facing criticism for allegedly blocking links to a rival platform shortly after pledging to uphold free expression. A report by 404 Media revealed that Facebook, owned by Meta, has been removing links to Pixelfed, a decentralized Instagram alternative, labeling them as 'spam.' This move has raised doubts about Meta's sincerity in reducing censorship. Despite Meta's recent announcement of embracing free speech and reducing moderation, the deletion of links to competitors like Pixelfed has sparked controversy. The company's shift in policy has been met with mixed reactions, with some praising the move while others, including Meta's own executives, questioning the motives behind it. The apparent censorship of Pixelfed has led to speculation about Meta's commitment to its new vision of promoting free expression.

Decentralized

Decentralized Defense Against AI Risks

Wednesday. January 8 at 3:00 PM

Ethereum co-founder Vitalik Buterin's recent blog post discusses the progress of decentralized and democratic differential defensive acceleration (d/acc) one year after its inception. Buterin stresses the importance of caution in AI development, advocating for defensive technologies that empower individuals and communities without centralized control. The d/acc concept, introduced in early 2024, has gained momentum in various technology sectors, contributing to advancements in open-source vaccines, prediction markets, and digital identity verification. The philosophy of d/acc focuses on defensive capabilities over offensive advancements, promoting decentralization and democratization to prevent power concentration. The movement has seen real-world impacts in public health improvements and pandemic mitigation tools. By decentralizing defense mechanisms, d/acc aims to reduce catastrophic scenarios driven by unchecked AI development. The initiative also explores decentralized funding models to support essential technologies. As d/acc enters its second year, advocates remain hopeful about its potential to enhance collective safety and individual freedoms in the future.

Decentralized