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3232Former Microsoft Engineer Predicts a Gradual Shift in Blockchain Development Focus Toward Vertical Scaling
https://www.digit.info/former-microsoft-engineer-predicts-a-gradual-shift-in-blockchain-development-focus-toward-vertical-scaling/
Sun, 23 Jun 2024 09:08:26 +0000https://www.digit.info/2024/06/23/former-microsoft-engineer-predicts-a-gradual-shift-in-blockchain-development-focus-toward-vertical-scaling/Read more]]>While wrapped digital assets have enabled the bridging of assets and expanded their utility, their perceived need for custodianship reintroduces centralization risks and trust dependencies. This contradicts the decentralized ethos of blockchain technology, according to Chris Li, founder and CTO of Ava Protocol. Attaining Utility While Preserving the Core Principles of Decentralization Li told Bitcoin.com […]
]]>Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit
https://www.digit.info/jump-crypto-replaces-320-million-in-ethereum-taken-from-wormhole-exploit/
Thu, 03 Feb 2022 23:19:41 +0000https://www.digit.info/2022/02/03/jump-crypto-replaces-320-million-in-ethereum-taken-from-wormhole-exploit/Read more]]>On February 2, 2022, the Wormhole Network’s ethereum solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said a “detailed incident report” will be published soon. Wormhole Network Returns, […]
]]>Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum
https://www.digit.info/wormhole-networks-cross-chain-bridge-exploited-for-over-250-million-in-ethereum/
Wed, 02 Feb 2022 23:30:43 +0000https://www.digit.info/2022/02/02/wormhole-networks-cross-chain-bridge-exploited-for-over-250-million-in-ethereum/Read more]]>Reports indicate that the Wormhole Network’s ethereum solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The developers behind the Wormhole Network have told the public the network is “down for maintenance,” as the team “looks into a potential exploit.” Wormhole […]
While wrapped digital assets have enabled the bridging of assets and expanded their utility, their perceived need for custodianship reintroduces centralization risks and trust dependencies. This contradicts the decentralized ethos of blockchain technology, according to Chris Li, founder and CTO of Ava Protocol. Attaining Utility While Preserving the Core Principles of Decentralization Li told Bitcoin.com […]
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On February 2, 2022, the Wormhole Network’s ethereum 
solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said a “detailed incident report” will be published soon. Wormhole Network Returns, […]
Reports indicate that the Wormhole Network’s ethereum