A response from LayerZero_Labs regarding the accusations regarding the “default configuration” critical vulnerability. 🧵 👇
According to its whitepaper, the LayerZero protocola trustless way of moving cryptocurrencies from one network to another. It does this by using an Oracle and Relayer to verify that coins are locked on one chain before allowing a coin to be minted on a different chain. As long as the Oracle and Relayer are independent and do not collude with each other, it should be impossible for coins to be minted on the destination chain without first being locked on the originating chain.
In a conversation with Cointelegraph on Jan. 31, Pellegrino stated that all validation libraries “are immutable forever, period.” The team can add new libraries but “can never change, remove, or do anything to” the ones that already exist. While the team can add new libraries to the registry, if an app has already chosen a particular library or set of libraries to be used, this cannot be changed by the LayerZero team.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
LayerZero CEO denies accusations of critical trusted third-party vulnerabilitiesLayerZero CEO Bryan Pellegrino dismissed the claims, although he did acknowledge the issue could affect a majority of projects on LayerZero.
Leer más »
Bridge Platform LayerZero Denies Allegations It Kept ‘Backdoor’ SecretCrypto bridge LayerZero denies that it tried to cover up a “backdoor” vulnerability, and accused a competitor of playing dirty politics, skesslr reports
Leer más »
Opportunities on the horizon for Pennsylvania’s energy sector | OpinionThe combination of inflation and Russia’s invasion of Ukraine has caused enormous volatility in the global energy market.
Leer más »
One Piece: Netflix Series Key Art Teases Adventures on the HorizonICYMI: Here's the new key art for Netflix, TomorrowStudios, and publisher Shueisha's live-action series based on EiichiroOda's manga OnePiece. / MonkeyDLuffy Shanks anime
Leer más »
Opinion: Will you be able to afford to buy Easter eggs?With Easter on the horizon, egg farmers are working hard, Jim Chakeres writes.
Leer más »