Most of private money issuers, especially issuing within community only, would be much more successful. Free banking for everyone superiir to fiat. Everyone has a right to isdye money with cryptocurrencies like $ERG to be used where there is need to minimize trust
This oracle exploit is a textbook BLS Zero-Key Forgery:
BLS signatures verify through a pairing equation. When both the public key and signature are the identity point (zero), both sides of the equation collapse to 1 == 1.
Valid for any message, no private key required.
The oracle verifier accepted an empty signer set, producing a zero aggregate key that let an unauthorized price write pass verification and drive the exploit.
The fix? Reject identity points and enforce a minimum signer count.
The blockchain project that best bridges the gap between human P2P and autonomous M2M economy will dominate the future.
Ergo is laying that exact foundation through its deterministic eUTXO architecture.
Peer to peer, machine to machine, Ergo in between.
@ergo_platform
Two successful Firo bridge reports in our mainnet test environment (from Firo to Ergo and Ethereum)
Rosen Pandora Network: It's Rosen wrapped tokens on the destination network for our test environment pandora, labeled as rpn vs rsn.
Reportedly, first Firo @firoorg to Ethereum and Firo to Ergo transfers done by Rosen bridge @RosenBridge_erg we are happy that Ergo tech is used to tackle the issue of discrimination of PoW and privacy focused assets by centralized exchanges. Let the liquidity flow with no masters!
Anonymity means no identity at all. A pseudonym is something better.
A name you control, carrying every bit of your reputation, attached to none of your legal self.
Chaum called these digital pseudonyms in 1981.
@WuBlockchain Bitcoiners start with p2p cash but achieved passive digital gold status only. Ergo started as digital gold with contracts (see slides from 2019 https://t.co/rLgPHgbbeS ) and now ready to be a basis for p2p cash with elastic supply for the real world needs
@WuBlockchain Bitcoiners start with p2p cash but achieved passive digital gold status only. Ergo started as digital gold with contracts (see slides from 2019 https://t.co/rLgPHgbbeS ) and now ready to be a basis for p2p cash with elastic supply for the real world needs
And this resulted in great speedup of development, as after every coding session I am asking an agent to do onchain redemption test before committing changes
Good news, reserve redemption transactions are now issued against real tracker, eg https://t.co/tlvZhWKeQU, so we re ready to land first communities in weeks. Means we need to reach communities (outside of Ergo circle and "crypto" even) right now
Block based emission contracts in proof of work enforce a unique alignment for Lithos.
Pool hits a block.
Emission contracts pay out.
A lot of completely arbitrary time based unlock schedules disconnected from any reality in crypto.
Strange cliffs around.
ChainCash on @ergo_platform: decentralized free banking for the on-chain era. Anyone can mint their own IOU notes backed by locked collateral, pass them peer-to-peer (even offline!), and redeem them anytime. No banks, no middlemen. Full breakdown 👇
https://t.co/Duue3PoIXL
Good news, reserve redemption transactions are now issued against real tracker, eg https://t.co/tlvZhWKeQU, so we re ready to land first communities in weeks. Means we need to reach communities (outside of Ergo circle and "crypto" even) right now
@markgoodw_in Expected, as you bitcoiners are doing endless dramas about very secondary matters for more than 10 years instead of enabling digital free banking for everyone