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PlatON Empowers Ethereum 2.0 On Project Security

posted by PlatON
4yrs ago 69

SINGAPORE, March 16, 2021  -- Since completing the design of the secure multi-party computation algorithm in the solution Ethereum 2.0 Proof of Custody and implementing its first phase code last April, PlatON has been in close communication with Ethereum. Now, the two parties are about to launch a new round of cooperation to enhance the security of MPC project in the Ethereum 2.0 standard.


To solve the data availability in Ethereum 2.0, the cooperative project - "MPC-based" Proof of Custody established a security mechanism, that is, a group of validators will ensure that they have witnessed the block data, lowering Network security risks caused by "data availability".

The new cooperation aims to improve the safety of the project and involves a modification in the algorithm, which is: previously, 1/2 of the verifiers were required for qualified verification; now the number is modified to 2/3.


Last year, "MPC-based" Proof of Custody implemented the first phase of the code and was tested and open-sourced on GitHub. During its test of 20 nodes (test environment: 4CPU+8GB+100Mbps) distributed over five different countries in 20 cities including Frankfurt, Mumbai, Sydney, Singapore, and Tokyo, the online generation of Proof of Custody took about 3 seconds, much shorter than the requirement of 12 seconds.


In the future, PlatON will continue to deepen cooperation with Ethereum, to satisfy its need for security, algorithm, and engineering in version 2.0.


SOURCE: PlatON

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ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.