Top Tweets for #DefiSecuritySummit
Multisig alone cannot stop every attack.
@Shebitweet, Senior Research Engineer at @safe, will speak at DSS about Safe’s evolving guard system, and show how layered on-chain defenses enhance wallet security without hurting usability.
Hoy exploraremos los tres tipos de bloques desarrollados en INTMAX sobre #INTMAX2.
El pasado mes de Nov 2024, la investigadora de @nethermind, @_ddiaconescu_ , presentó nuestro whitepaper en el #DefiSecuritySummit
Hoy te lo explicamos en este hilo:
🧵1/19
Today, we’ll explore the three types of blocks at @intmaxIO developed on #INTMAX2.
@nethermind researcher @_ddiaconescu_ discussed our whitepaper at #DefiSecuritySummit which covers how we’re building a scaling solution for #Ethereum which privately facilitates asset transfers. This creates a more efficient L2 #stateless infrastructure that is designed to support the global demand for privacy on #Ethereum.
Tackling the Data Availability Problem
One of the biggest challenges for blockchains and #rollups ensure data availability. For anyone hoping to verify the current state of a blockchain, the underlying transaction data must be accessible. In traditional Layer 1 blockchains, all transaction data is publicly available. Rollups, on the other hand, rely on the underlying blockchain’s data availability, verifying all transaction data on Layer 1 before generating a new block. But since this global data must be updated across numerous nodes, it significantly limits the number of transactions per second that the blockchain or rollup can handle.
At INTMAX, we’ve taken a different approach.
Instead of storing all transaction data on-chain, we provide a commitment to the set of transactions in a block (a Merkle tree root) and signatures from senders confirming they’ve received inclusion proofs. With this design, users can generate zero-knowledge proofs (ZK-proofs) of their balances by combining proofs of their sent transactions with proofs of the transactions they’ve received.Moreover, we use ‘Cyclic Recursive Zero-Knowledge Proofs’ to validate entire transaction chains efficiently. By proving only the most recent transaction, the system inherently validates the entire history, drastically reducing L2 costs while maintaining integrity. Users also receive asset proofs directly from block producers, eliminating the need for full database reconstruction, which is a major cost factor in traditional rollups.
Our Three Block Types
To handle deposits, transfers, and withdrawals efficiently, we use three specialized block types:
Deposit Blocks: Layer 1 users deposit funds into Layer 2 via a rollup contract, creating a deposit block with the recipient and amount. This block gets added to the list of blocks stored in the contract.
Transfer Blocks: Aggregators build Merkle trees from transaction batches, collect signatures, and submit transfer blocks to the rollup contract. These blocks allow senders to move funds within Layer 2 by validating each transaction’s inclusion in the batch through Merkle proofs.
Withdrawal Blocks: If you want to withdraw funds from Layer 2 to Layer 1, you first transfer the funds to your L1 account using the transfer protocol. A balance proof is then submitted to the rollup contract, which verifies it, creates a withdrawal block, adds it to storage, and completes the withdrawal.
Why This Matters
As a result of these three types of blocks, we’ve reduced the amount of data stored on-chain (Only 5 bytes), improving scalability and privacy for users. Our #permissionless #stateless design eliminates the need for leader elections or coordination between block builders, simplifying rollup operations and increasing resistance to censorship.
Additionally, peer-to-peer interactions allow users to update #ZK proofs and seamlessly continue transactions without adding extra data costs, making transfers more flexible and efficient. By combining Cyclic Recursive #ZKProofs, stateless infrastructure, and decentralized block production, we’ve created a rollup ecosystem that balances efficiency, decentralization, and, of course, privacy.
We believe these innovations are key to fulfilling our mission at INTMAX: enabling private, scalable asset transfers for everyone.
With 8lends, DeFi is not a risky adventure. We use tangible assets as collateral since they have greater market value and are less exposed to price volatility. #DeFiFinance #SecureInvestments #THW3CONF #DeFiSecuritySummit #Devcon2024
Coughs!! Can someone count the number of stickers? (Do lemme know if you find your company here) 😌
Also got some awesome swags from peeps!
That's officially the end of #Devcon & #DefiSecuritySummit
Special shoutout to @joranhonig
Even though your talk was short, you managed to pack it with so many cool stories💪
#DefiSecuritySummit
Thank you all for such a great time!🥳 and thanks @summit_defi for organising the event for us🙏
I guess, will meet most of you again at @EFDevcon soon!
#DeFiSecuritySummit #Devcon
At the DeFi Security Summit in Bangkok, connecting with pioneers and thought leaders redefining security in decentralized finance. If you're here, let’s connect and collaborate on driving our industry forward!
#DeFiSecuritySummit #Blockchain #BangkokSummit #DeFi
Our CEO @NikitaVarabei is at @summit_defi in Bangkok today and tomorrow 🚀
🤝Want to connect with him? Shoot us a DM!
#web3security #defisecuritysummit
🔒 DeFi Security Summit 2024 is Here! 🔒
With industry experts addressing DeFi’s biggest security challenges, Nova Club is ready to help you navigate risks and safeguard your crypto investments. #DeFiSecuritySummit #CryptoSecurity #NovaClubAI
🚀Exciting Times Ahead at the DeFi Security Summit - Bangkok, Thailand!🚀 @summit_defi
As an #HR professional, I believe in the power of continuous #learning and exploring new fields - and that’s why I’m excited to attend the DeFi Security Summit! 💻
#DeFiSecuritySummit
#CryptoFlesz Czwartek 07.11 - Crypto Spekulacja 🎬 link poniżej 👇
❤️🔥 Kryptoobietnice Trumpa
🧳 Gary Gensler z SEC otrzymał ofertę
🎄 OpenSea 2.0 - przebudowa od grudnia
📑 W szybkim dziennym crypto flesz raporcie informacje 📣
▫️ 🇹🇭 Krypto konferencja #defisecuritysummit
▪️ 🇺🇸 Rekordowe poziomy giełd po wyborach
▫️ 🇨🇳 W azji w oczekiwaniu - Chiny
▪️ 📯 Dyrektor Coinbase wzywa do reformy SEC
▫️ 🇸🇻 Prezydent Salwadoru jako pierwszy z gratulacjami
▪️ 🍹 "Powinniśmy dziękować także Elonowi"
▫️ 🚀 Przyszłość jest jasna - reakcje po zwycięstwie
▪️ ⏰ Bitwise: „Wkraczamy w złotą erę kryptowalut”
▫️ 🧧 Tectum prezentuje SoftNote na forum BRICS
▪️ 📜 Dane techniczne - pozycje long/short - Open Interest & Volume - Funding
▫️ 📩 Okiem na dane on-chain #glassnode
▪️ 🔗 Portfiolio Crypto Spekulacja na coingecko
▫️ ❤️🔥 Kryptoobietnice Trumpa
▪️ 🧳 Gary Gensler z SEC otrzymał ofertę
▫️ 🎄 OpenSea 2.0 - przebudowa od grudnia
▪️ Oraz inne tematy...
by @KamilZyoshi
#crypto #krypto #kryptowaluty #cryptoflesz #cryptocurrency #Bitcoin #market #inwestycje #news #ethereum
#DeFiSecuritySummit is made possible by our sponsors.
Welcome @civickey 👋! Your support is invaluable in making DSS a success.
#DeFiSecuritySummit is made possible by our sponsors.
A warm welcome to @sherlockdefi who is joining as a Bronze Sponsor! Your support is invaluable in making DSS a success.
#DeFiSecuritySummit is made possible by our sponsors.
A warm welcome to @dedaub for joining us as a Bronze Sponsor! Your support is invaluable in making #DSS2024 a success.
[NCNG ep.37] Are you in BKK for #Devcon , @DeFi World or #DeFiSecuritySummit ?
💬 Make sure to DM @liujeff from @fuzzland_ and he'll be happy to run you through how they saved the day for @Unibtc_official or what's their plan to secure $WLF !
🔎 More on https://t.co/u3HdxpQy6n
We're thrilled to welcome @Ethereum_France as a Bronze Sponsor for #DeFiSecuritySummit!
Your continued support has been instrumental in our success. This year is going to be epic 🚀
🚨 Last call for volunteers! 🚨
Join the incredible team powering #DeFiSecuritySummit 2024 in Thailand 🇹🇭 from Nov 6-9! Applications close this Sunday at 11:59 PM ET, so don’t miss out!
🔗 Apply here: https://t.co/XezKmD63U1
Our volunteers are the heart of DeFi Security Summit!
Want to be part of the incredible team that powers #DeFiSecuritySummit 2024? Join us in Thailand from Nov 6-9! Let’s build something amazing together! 🚀
🔗 Apply now: https://t.co/XezKmD63U1
We're thrilled to welcome back @SpearbitDAO as a Bronze Sponsor for #DeFiSecuritySummit!
Your continued support has been instrumental in our success. This year is going to be epic 🚀
Our volunteers are the heart of DeFi Security Summit!
Want to be part of the incredible team that powers #DeFiSecuritySummit 2024? Join us in Thailand from Nov 6-9! Let’s build something amazing together! 🚀
🔗 Apply now: https://t.co/XezKmD63U1
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