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 LayerZero tackles sybil activity with self reporting mechanism

LayerZero tackles sybil activity with self reporting mechanism


Published: 2024-05-04


1. LayerZero's self-reporting mechanism for tackling Sybil activity: LayerZero has implemented a self-reporting mechanism to mitigate Sybil activity within its ecosystem. Users are encouraged to report any suspicious behavior,aiding in the prevention of fraudulent activities. This mechanism enhances transparency and security within the network.

2. The importance of combating Sybil activity in decentralized networks: Sybil attacks pose a significant threat to decentralized networks by allowing malicious actors to manipulate the system's reputation and trust mechanisms. LayerZero's initiative to address this issue demonstrates a commitment to maintaining the integrity of its ecosystem and safeguarding user interactions.

3. Community involvement and collaboration in maintaining network integrity: LayerZero leverages community participation by empowering users to play an active role in identifying and reporting potential Sybil activity. This approach fosters a sense of accountability and shared responsibility among network participants,ultimately strengthening the overall security posture of the ecosystem.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,102.00 1,478,433,766.90
2 BTC title=BTC 67,095.99 1,476,110,897.73
3 ETH title=ETH 3,116.60 906,400,127.75
4 SOL title=SOL 174.19 518,603,455.29
5 PEPE title=PEPE <0.01 219,769,496.62
6 DOGE title=DOGE 0.16 150,923,756.31
7 WIF title=WIF 2.82 141,305,598.93
8 FTM title=FTM 0.87 119,543,519.88
9 BOME title=BOME 0.01 112,839,964.97
10 XRP title=XRP 0.52 103,510,541.70
11 NEAR title=NEAR 8.02 99,343,470.89
12 ENA title=ENA 0.77 99,317,990.39
13 LINK title=LINK 16.22 97,735,615.86
14 ORDI title=ORDI 41.75 85,800,432.12
15 RUNE title=RUNE 6.84 82,569,803.18
16 FLOKI title=FLOKI <0.01 77,255,497.81
17 PEOPLE title=PEOPLE 0.05 77,036,170.60
18 AVAX title=AVAX 37.33 61,930,578.47
19 JTO title=JTO 4.72 61,388,667.37
20 RNDR title=RNDR 10.07 60,689,295.14
21 WLD title=WLD 4.99 56,361,549.55
22 BCH title=BCH 487.70 48,329,987.46
23 SUI title=SUI 1.08 47,844,497.85
24 JUP title=JUP 1.31 45,266,444.07
25 1000SATS title=1000SATS <0.01 45,097,196.52
26 OP title=OP 2.59 42,832,654.94
27 BONK title=BONK <0.01 41,346,313.01
28 PENDLE title=PENDLE 4.94 41,190,894.45

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 ForTube title=FOR 0.02 +34.65
2 Cream title=CREAM 58.93 +24.98
3 0x Protocol title=ZRX 0.61 +22.04
4 Reserve Rights title=RSR <0.01 +15.54
5 Dusk title=DUSK 0.36 +12.63
6 1000SATS (Ordinals) title=1000SATS <0.01 +11.39
7 Gnosis title=GNO 304.80 +11.04
8 ORDI title=ORDI 41.75 +10.63
9 SSV Network title=SSV 42.36 +10.49
10 Tensor title=TNSR 0.95 +10.47
11 Yield Guild Games title=YGG 0.92 +9.55
12 TrueFi title=TRU 0.13 +9.13
13 COTI title=COTI 0.13 +8.35
14 Biconomy title=BICO 0.55 +8.32
15 Fantom title=FTM 0.87 +8.06
16 Ethena title=ENA 0.77 +7.99
17 Pyth Network title=PYTH 0.47 +7.87
18 IQ title=IQ 0.01 +7.66
19 Pendle title=PENDLE 4.94 +7.42
20 LTO Network title=LTO 0.20 +7.03
21 Bella Protocol title=BEL 0.90 +6.78
22 Polymesh title=POLYX 0.46 +6.42
23 OAX title=OAX 0.23 +6.17
24 GALA title=GALA 0.05 +5.74
25 Reef title=REEF <0.01 +5.68
26 IDEX title=IDEX 0.06 +5.62
27 CyberConnect title=CYBER 7.86 +5.48
28 Vulcan Forged title=PYR 4.74 +5.47
29 1inch title=1INCH 0.41 +5.45
30 DIA title=DIA 0.52 +5.28

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 ConstitutionDAO title=PEOPLE 0.05 -5.16
2 High title=HIGH 4.53 -4.23
3 Syscoin title=SYS 0.19 -3.61
4 AVA Foundation Bridged AVA (BSC) title=AVA 0.66 -3.36
5 Loom Network (NEW) title=LOOM 0.09 -3.30
6 Lisk title=LSK 1.97 -2.42
7 Hedera title=HBAR 0.11 -2.39
8 NEAR Protocol title=NEAR 8.02 -2.38
9 Chainlink title=LINK 16.22 -2.30
10 Flux title=FLUX 0.90 -2.28
11 Wanchain title=WAN 0.25 -2.25
12 xMoney title=UTK 0.08 -2.01
13 RAD title=RAD 1.70 -1.85
14 Immutable title=IMX 2.40 -1.82
15 THORChain title=RUNE 6.84 -1.43
16 GMX title=GMX 30.03 -1.22
17 dogwifhat title=WIF 2.82 -1.10
18 FC Porto title=PORTO 2.50 -1.03
19 COMBO title=COMBO 0.69 -0.97
20 Moonbeam title=GLMR 0.27 -0.94
21 Verge title=XVG <0.01 -0.87
22 Wing Finance title=WING 6.07 -0.82
23 Coin98 title=C98 0.26 -0.81
24 PIVX title=PIVX 0.34 -0.78
25 Arweave title=AR 47.81 -0.75
26 WazirX title=WRX 0.22 -0.74
27 Neutron title=NTRN 0.69 -0.72
28 ARK title=ARK 0.83 -0.68
29 Omni Network title=OMNI 15.03 -0.60
30 Request title=REQ 0.13 -0.54

Bitcoin's Greed and Fear Index.

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