Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Security exists across the spectrum, and nothing is completely secure.
TRADING NEWS

Security exists across the spectrum, and nothing is completely secure.

By Crypto FlexsNovember 24, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Security exists across the spectrum, and nothing is completely secure.
Share
Facebook Twitter LinkedIn Pinterest Email

Paradigm-backed network Blast has addressed the skepticism surrounding its blockchain model after quickly rising to a market capitalization of over $300 million and promising a token airdrop.

Blast Bridge, Ethereum’s L2 network, has pushed back against security concerns advocated by some in the cryptocurrency community due to the protocol’s smart contract architecture, which uses multi-signature builds to secure assets.

There are often misunderstandings when it comes to security. Security exists along a spectrum (nothing is 100% secure) and has nuances in many aspects. There is smart contract security, browser security, and physical security. Each dimension has a separate attack vector.

— Blast (@Blast_L2) November 24, 2023

Nov 24 Via and X line, the project said that contract code security is not completely foolproof and that each smart contract design has associated vulnerabilities. Blast pointed to other layer 2 blockchains like Arbitrum and Polygon that use multi-signature wallets to store funds, adding that this option could have benefits if implemented correctly.

We want to ensure that each signing key in a multi-signature is independently secure. This helps make multisig antifragile. Each key must be kept in cold storage, managed by an independent party, and geographically separated.

Blast L2 via X

Blast highlighted that veteran technical engineers are the five signers of the multi-signature wallet. The project also shared plans to launch upgrades to the underlying hardware wallet provider that leverages the controversial multi-signature architecture to further enhance resilience and mitigate black swan events.

This ensures that no single hardware wallet type is used 3/5 times, keeping you safe even in unprecedented hardware wallet compromise scenarios.

Blast L2 via X

Blast gained attention when Tieshun Roquerre (aka Pacman), co-founder of NFT marketplace Blur, announced the L2 Network after raising $20 million from investors such as Paradigm. The deposit-only protocol offers users basic returns, promising airdrops for early supporters and a mainnet launch in the near future.

With massive amounts of money flowing into Blasts’ contract addresses, the one-way bridge has expanded to a market capitalization of over $300 million as of press time. Additionally, Blast’s portfolio of assets provided by DeBank shows millions of dollars held in Ether (stETH) staked by Lido and DeFi stablecoin Maker’s DAI.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025
Add A Comment

Comments are closed.

Recent Posts

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025
Most Popular

Cryptocurrency exchanges Binance and Kucoin secure registration with India’s FIU

May 11, 2024

SOLANA: A new star of real asset token games?

May 27, 2025

Axiom secures $20 million in Series A funding round

January 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.