Despite the progress made in the cryptocurrency industry, many digital assets remain vulnerable to security breaches due to the lack of advancements in security protocols. While privacy coins offer anonymity and confidentiality for users, the technical expertise required for implementation has hindered widespread adoption. As a result, there is a growing need for a network with enterprise-level security that can serve a vast user base and make it impossible for outsiders to discern specific assets involved in transactions. This network will provide an essential security layer that decentralized finance (DeFi) currently lacks, instilling trust and confidence in the industry from individuals and businesses alike. Zano is piloting a new foundation under the upcoming Zarcanum fork that will offer a full suite of digital asset security measures, including hybrid proof-of-work and proof-of-stake consensus backing with confidential transactions and hidden amounts integrations, making it an appealing choice for issuing currencies and digital tokens on a more secure blockchain.
CertiK Reports $1.1M Exploitation of DeFi Protocol WDZD Swap
Decentralized finance (DeFi) protocol WDZD Swap was targeted in an attack on May 19, resulting in the loss of $1.1...
