Y.O.R

Your.Own.Research - A Free Newsletter Dedicated to Academic Research in the Blockchain Industry

[Y.O.R @YOR_Digest]

@BetIQapp Yessirrrr 🔥

[Y.O.R @YOR_Digest]

Proof of Work meets high energy physics. Here'a look at an interesting project focused on scientific discovery

https://t.co/8ZpTlzQM8H

[Y.O.R @YOR_Digest]

So how do we avoid copyright infringement when it comes to AI. Seems like an insurmountable feat but here is an interesting step in the right direction

https://t.co/cA6MhUgWfh

[Y.O.R @YOR_Digest]

3. Interactions: The contract can now safely interact with external contracts or accounts. We can start sending tokens, making external calls, or performing any other interactions with external entities.

Contract Integrity Secured !!! 👍

[Y.O.R @YOR_Digest]

Phrase of the Day: Checks-Effects-Interactions

Summary: A pattern of practices aimed at preventing unexpected execution of smart contracts, such as the Reentrancy Attack discussed just yesterday.

Here are three distinct phases. 🧵

[Y.O.R @YOR_Digest]

2. Effects: The contract then modifies its internal state variables/performs computations. This phase includes updating balances, transferring tokens, or executing any state changes required by the function BEFORE interacting with any external contracts/accounts.

[Y.O.R @YOR_Digest]

How to avoid:
- Checks-Effects-Interactions pattern
- Applying mutex locks
- Using the 'nonReentrant' modifier in your contract

[Y.O.R @YOR_Digest]

Phrase of the Day: Reentrancy Attacks

When a malicious contract exploits a vulnerability in another contract's code by repeatedly calling an external function before the original function has completed its execution. It's primarily used to drain funds from a vulnerable contract.

[Y.O.R @YOR_Digest]

Example: Lendf (2020)
An attacker exploited a vulnerability in the defi platform's lending contract, allowing them to recursively call the loan repayment function and drain approximately $25million worth of funds.

[Y.O.R @YOR_Digest]

Blockchain bottlenecks have been stealing the spotlight lately, with Solana facing most of the recent scrutiny. Network congestion isn't a novel issue by any means, check out how some researchers are tackling similar issues with permissioned blockchains.
https://t.co/pIAdkXKejL

[Y.O.R @YOR_Digest]

You're new to crypto and you keep hearing about it. So here's a simple to understand write up on the #BitcoinHalving and why it's such an important event.

https://t.co/64ctBHFybx

#BitcoinHalving2024

[Y.O.R @YOR_Digest]

This is big news!! If you're behind on CCIP and it's importance check out our introductory article below:

https://t.co/x3vy3iMxNS

[Chainlink @chainlink]

#Chainlink CCIP now supports the cross-chain transfer of native ETH, starting with support for @ethereum, @arbitrum, and @Optimism.

Alongside this upgrade, a new pricing model has also been introduced to accelerate the growth of the cross-chain economy.
https://t.co/YVrO4gps1z

[Y.O.R @YOR_Digest]

This gives us the ability to access child public keys directly from the parent public key without exposing private keys. Now users can generate a hierarchy of addresses and keys for different purposes (receiving funds, organizing funds, etc) all without compromising security.

[Y.O.R @YOR_Digest]

Phrase of the Day: Hierarchal Deterministic Wallet

Summary: A cryptocurrency wallet that derives all its addresses and private keys from a single master seed. This seed is often encoded as a list of words we commonly refer to as a "mnemonic phrase".

[Y.O.R @YOR_Digest]

It derives a master node by means of the BIP-32 standard. This allows for the keys to be arranged in a tree structure such that parent keys can derive children keys, which then can derive grandchild keys, and so on...

[Y.O.R @YOR_Digest]

@gakonst Damn near gives me flashbacks

[Y.O.R @YOR_Digest]

The time has finally come!!
If you're still behind on @eigencloud and it's general significance you can get caught up with this quick writeup below:
https://t.co/EphOvo21Ao

[EigenCloud @eigencloud]

Announcing: EigenLayer ♾ EigenDA Mainnet Launch