🚀 DINX L1.5(beta) is now live on the Ethereum mainnet! 🎉
✨ DINX L1.5 is a super EVM system with a structure similar to Hyperliquid L1. It is not a simple replication or templated application of an EVM chain but has been abstracted into a virtual chain specifically designed to align with the characteristics of an inscription blockchain.
🔐 This architecture boosts ecological scalability and significantly lowers usage barriers. With a consensus system jointly maintained by DINX, the Inscription Protocol, and the Distributed Mining System, inscription data is now more secure than ever.
🌍 Once DINX fully supports a protocol and provides safe & efficient services, it will be ready to scale to ALL inscription protocols. Developers, join us and help ensure data consistency!
🌐 Test it out now:
🔹 Dinxscan Explorer: https://t.co/fooEQCbAy7
🔹 RPC: https://t.co/v0U1gs7oVH 🔹 ChainID: 1
🔹 Docs: https://t.co/wSn9YKgbX2
🚀 As 2024 comes to a close, we're excited to share an important milestone in our journey. Check out our latest article reflecting on the progress we've made and the path ahead.
The future is bright, and we're just getting started! 🌟
https://t.co/tR0rjyaxw0
@IERCM4
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@IERCM4
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During today’s Space, I’ve added $3k USDT into our DAO treasury. We’re moving forward with expanding treasury utility, and the funds are now available for the DAO members to decide on how to use them.
The second IERC roundtable chitchat Space event is coming, and three DAO committee candidates will join us to share their viewpoints!
🚀Mark the date and time: 20:30 August 9the (utc+8)
🎧Space session:
https://t.co/nKNwETPt27
IEIP-6 Election of IERC DAO Committee Member
The second election for an IERC committee member has begun. Please use your $ethi to vote for 4 candidates at: https://t.co/htxPy1aQiO
#IERC#DAO#CommitteeMember#IEIP6
Wondering what'd be going on in the second half of 2024? Why not join us at the very Space session with Jacob, CMO of Bihelix @BiHelix_, Cavin @0xCavin Head of ecosystem at Onekey, Mr. Serj @cyberserj and our host Naz @nazsoeasy.
⏲️Mark the date & time: July 18th 20:00 (UTC+8)
📷There's a lucky draw pool of 200usdt for 10 winners who are qualified by:
1. Follow @EthinscXYZ, @Bihelix_ and @OnekeyHQ
2. Like & Retweet post
3. Tag 3 Friends in the comment
🔗Space session at: https://t.co/VlPm692P5V
Join us on June 28th at 12PM UTC for an engaging “Unibase and his Friends Series” Twitter Space session on " AI & Web 3"!
🎙️Host: Phebe - Marketing Manager
@Unibase_AI
🍭Guests:
Kei - Advisor @DeAgentAI
Qyler - Marketing Lead @Arris_io
Naz - Community Ambassador @EthinscXYZ
Andy - Crypto Labs Co-Founder @Crypto_Labs_EN
Dhawal Shah - Co-Founder @HeyElsaAI
Don’t miss this incredible discussion with top industry leaders about the future of AI and its on-chain adoption.
See you there!
I've just wrote about indexing issues and here we come again.
This issue with Runes indexing highlights the critical need for robust solution. Our distributed indexer will provide a more reliable and resilient system, without such disruptions. By decentralizing data across multiple nodes, we ensure greater security, uptime, and overall system integrity. This approach will help prevent similar issues in the future and enhance the overall user experience.
⚠️ Inscriptions Security Incidents
The development of the inscriptions has faced challenges like attacks, indexing failures, and concerns about centralization, making it difficult for inscriptions to gain widespread trust. Many users remain cautious, especially towards more centralized inscriptions.
🧵
Why should we implement Distributed Indexing? 🧐
TL;DR
In the world of blockchain and inscriptions, security and efficiency are at the forefront of everyone’s mind. These assets rely on public blockchains to standardize how they are issued, managed, and traded. But here’s the thing: centralized indexing systems come with significant security concerns. 🚨
Let’s talk about BRC-20, a well-known inscription protocol. It’s supported by UniSat, OKX, and Binance. But despite this backing, it’s not entirely secure. Why? Because each platform operates its own indexing system, and they don’t communicate with each other. We can't possibly know the data that exists in their databases. There's no way anyone can prove it or verify it. Compare it to a time bomb, it's possible that it's going to explode at any time. This lack of interconnection can create vulnerabilities.
The Game Changer: Distributed Indexing Nodes
Distributed indexing nodes bring a fresh approach by consolidating all existing inscription mechanisms into beacon indexing nodes and adding a distributed verification process. This isn’t just for one protocol but can be applied universally. Each user’s operation is verified by multiple nodes, enhancing security without changing the underlying protocols.
Why This Matters:
1. Early Threat Detection:
• Think of it as having an advanced warning system in place. Distributed indexing can spot and mitigate threats early, acting as a preemptive shield in the blockchain’s complex environment.
2. Asset Validation:
• It ensures the authenticity of transactions by validating HASH/UTXO histories across multiple nodes. This rigorous verification means we can trust the transactions are genuine.
3. Efficient Verification:
• Using Merkle tree, distributed indexing generates quick, reliable proofs. This means faster verification times without compromising trust.
4. Seamless Integration:
• New proof mechanisms are introduced without disrupting existing systems, ensuring that everything runs smoothly and securely.
Me, as someone deeply involved in the blockchain space, I see distributed indexing as a crucial step forward. Here’s why I’m excited about it:
• Scalability: It helps the network handle more data as it grows, which is essential for expanding blockchain ecosystems.
• Fault Tolerance: By decentralizing indexing, the system can keep running even if some nodes go offline. This resilience is key to maintaining continuous operations.
• Resource Optimization: Distributed indexing improves how resources are used across the network, reducing bottlenecks and enhancing overall performance.
• Trust and Transparency: With multiple nodes verifying every transaction, users can trust the system more. This transparency is crucial for wider adoption and confidence in blockchain technologies.
Adopting distributed indexing isn’t just a tech upgrade; it’s a strategic move to make our networks more secure, scalable, and trustworthy. It’s about preparing for future challenges and ensuring every transaction is safe and transparent.