English < Article List - DigitalToday

Search results for Ronin

Crypto

Ronin to shift from independent sidechain to Ethereum layer 2

Gaming-focused blockchain Ronin will switch from an independent sidechain to an Ethereum layer 2 after a hard fork. The shift is aimed at improving security, following a $625 million DeFi bridge hack in May 2022 when it operated as an independent sidechain. Ronin will also change its token economy, adopting a “proof-of-distribution” model to reward builders based on network contributions and reduce token inflation.

Crypto

North Korean IT workers involved in more than 40 major DeFi protocols

North Korean IT workers have infiltrated cryptocurrency companies and decentralised finance (DeFi) projects for at least seven years, Cointelegraph reported on April 6. MetaMask developer and security researcher Taylor Monahan said North Korean IT personnel worked at more than 40 DeFi platforms, including well-known projects, and said their claimed seven years of blockchain development experience was real. The Lazarus Group is estimated to have stolen about $7 billion in cryptocurrency since 2017.