The VeChainThor team has announced that they will be prioritizing security of the VeChainThor blockchain. They have collaborated with a number of third-party firms to ensure the security of the blockchain.
They have announced that this partnership is to set up the Authority Masternode standards to make the blockchain more secure. On an official blog post they said:
“[The blockchain] been undergoing a series of third-party blockchain security testing, alpha testing, code audits, code testing, and mobile wallet security testing over the last month. These tests will be ongoing until mainnet release and, so far, the tests have been running smoothly.”
They have employed firms such as Secureware, Hosho, HackenProof, and SlowMist. SecureWare is a security firm that specializes in blockchain security and security assessments. It utilizes established security experts and skilled software to ensure the security of their audited products.
Hosho is a big name in blockchain security, providing smart contract auditing and “penetration testing” services.
SlowMist is arguably the most significant partnership for VeChain, as they have rubbed shoulders with the like of Google, Microsoft, W3C, Alibaba, and Baidu. They specialize in underground hacker training and prevention, along with security auditing and deploying defensive systems.
HackerProof is a crowdsourced platform that rewards finding vulnerabilities. It allows companies to access a worldwide network of bug bounty collectors.
The two most intensively audited areas of the mainnet include the code of the mainnet itself and the security of the VeChainThor mobile wallet. On the code side of things, the source code, consensus algorithm security, Virtual Machine security and node communication security are being tested “thoroughly”.
The testing for the mobile wallet includes gathering intelligence, an audit of the overall security of the app and an audit of server security configuration and identity management.
The highlight of this collaboration is the setup of the Authority Masternode security standards. The standards are put in place to mitigate tampering risk and monitoring the workings of the blockchain, thus establishing a secure environment. According to the blog:
“The security standard would include recommended masternode hosting architecture, RPC security, Masternode configuration audit, security log, network security, DDoS protection, and other related services.”
The blog then goes on to mention the importance of security on the VeChainThor blockchain, with “trillions of expected transactions” at stake. They state that they will continue this collaboration, ending the blog with a bold statement saying.
“As companies continue to onboard post mainnet launch, in due time the VeChainThor Blockchain will be the most heavily used blockchain globally.”
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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.
Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.
In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.
According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,
Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.
Cobra replied to the tweet stating,
“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”
Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,
“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”
Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,
“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”
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