Search results for ENS
Crypto
Why North Korea openly steals cryptocurrency
North Korea repeatedly targets cryptocurrency not to secure payment networks to evade sanctions, but to directly raise funds for weapons development, an analysis said. CoinDesk, citing security experts, reported the hacking differs structurally from other state-backed attacks because North Korea targets the crypto ecosystem itself. Experts said Pyongyang accepts traceable thefts to gain immediate global liquidity, focuses on key individuals with access, and uses long-term infiltration. Crypto transactions are hard to reverse, increasing risks.
Crypto
ENS halts own layer 2 work, focuses on Ethereum mainnet
Ethereum Name Service (ENS) will operate its next-generation protocol, ENSv2, only on the Ethereum mainnet and has stopped development of Namechain, its own layer 2 solution prepared for more than two years, The Block reported. Co-founder Nick Johnson said Ethereum has scaled much faster than expected. ENS had planned to cut .eth registration and update costs using a ZK-rollup-based layer 2, but said lower gas fees and a higher gas limit improved mainnet economics.
Crypto
Ethereum mainnet transactions surge but not real users
Ethereum\'s main network has recently recorded record-high activity, but an analysis said serious security problems lie behind the numbers rather than an expanding user base. Daily active addresses hit 1.2 million as of Jan. 16 and transactions reached about 2.8 million. An independent crypto journalist said automated spam contracts inflated activity by distributing sub-$1 stablecoins to millions of addresses, with losses estimated at about $740,000.