Up To 100K Self-Reported Sybil Addresses; Said LayerZero Labs
The post Up To 100K Self-Reported Sybil Addresses; Said LayerZero Labs appeared on BitcoinEthereumNews.com. LayerZero Labs CEO, Bryan Pellegrino announced 100K addressed have self-reported themselves as airdrop sybils and promised 15% of the token allocations to participants. LayerZero Labs’s CEO, Bryan Pellegrino announced success tory of recently launched self-reported mechanism for to battle sybil attack. Around 100K users 100K have voluntarily participated, identified and reported sybil activities. LayerZero Labs’s Success On Sybil Attacks Bryan Pellegrino took to X to announce the success of the self-reporting mechanism to fight Sybil attacks. According to Pellegrino, users up to 100K, have voluntarily identified themselves in the company’s recent initiative to reduce Sybil activities affecting their airdrop event. Up to 100,000 self reported Sybil addresses — Bryan Pellegrino (臭企鹅) (@PrimordialAA) May 13, 2024 To encourage honesty among participants, the company offered 15% of the planned token distribution to those who admitted to such actions. The alternative was to lose their entire token share. “My intuition is that a confirmed data set of 100,000+ is going to be extremely powerful in finding others either using the same software or similar methodologies. Can’t wait to see what it yields,” Pellegrino added to the tweet. LayerZero Labs introduced a self-reporting mechanism on May 3 to address the widespread problem of Sybil attacks. We believe it is in the protocol’s best interest to distribute tokens to durable users — not sybil farmers. If you are a sybil, you have two options: – Self-report sybil addresses for 15% of your intended allocation. No questions asked. The deadline to do so is May 17th. – Do… pic.twitter.com/Kme9ZKckC7 — LayerZero Labs (@LayerZero_Labs) May 3, 2024 Pellegrino emphasized the value of the data gathered through this process, highlighting its potential to help identify other users employing comparable tactics. LayerZero Labs’s Planning To Combat Sybil Attack LayerZero Labs is an interoperability protocol that connects blockchain platforms and…
The post Up To 100K Self-Reported Sybil Addresses; Said LayerZero Labs appeared on BitcoinEthereumNews.com.
LayerZero Labs CEO, Bryan Pellegrino announced 100K addressed have self-reported themselves as airdrop sybils and promised 15% of the token allocations to participants. LayerZero Labs’s CEO, Bryan Pellegrino announced success tory of recently launched self-reported mechanism for to battle sybil attack. Around 100K users 100K have voluntarily participated, identified and reported sybil activities. LayerZero Labs’s Success On Sybil Attacks Bryan Pellegrino took to X to announce the success of the self-reporting mechanism to fight Sybil attacks. According to Pellegrino, users up to 100K, have voluntarily identified themselves in the company’s recent initiative to reduce Sybil activities affecting their airdrop event. Up to 100,000 self reported Sybil addresses — Bryan Pellegrino (臭企鹅) (@PrimordialAA) May 13, 2024 To encourage honesty among participants, the company offered 15% of the planned token distribution to those who admitted to such actions. The alternative was to lose their entire token share. “My intuition is that a confirmed data set of 100,000+ is going to be extremely powerful in finding others either using the same software or similar methodologies. Can’t wait to see what it yields,” Pellegrino added to the tweet. LayerZero Labs introduced a self-reporting mechanism on May 3 to address the widespread problem of Sybil attacks. We believe it is in the protocol’s best interest to distribute tokens to durable users — not sybil farmers. If you are a sybil, you have two options: – Self-report sybil addresses for 15% of your intended allocation. No questions asked. The deadline to do so is May 17th. – Do… pic.twitter.com/Kme9ZKckC7 — LayerZero Labs (@LayerZero_Labs) May 3, 2024 Pellegrino emphasized the value of the data gathered through this process, highlighting its potential to help identify other users employing comparable tactics. LayerZero Labs’s Planning To Combat Sybil Attack LayerZero Labs is an interoperability protocol that connects blockchain platforms and…
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