What Is a Sybil Attack? How Blockchain Systems Prevent Fake Identities
A Sybil attack happens when one actor creates many fake identities to gain outsized control over a network. In blockchain systems, this can corrupt governance
A Sybil attack happens when one actor creates many fake identities to gain outsized control over a network. In blockchain systems, this can corrupt governance
Rate Limiting Nullifiers (RLN) are zero-knowledge cryptographic protocols that enforce per-account transaction quotas without requiring users to pay traditional gas fees. By utilizing Sparse Merkle
On-chain identity lets users prove who they are using blockchain data. It replaces logins and passwords with crypto proof. Three tools make it work: Decentralized
nullifier is a unique tag derived from a secret key. It marks that an action already happened. ZK protocols reject any duplicate nullifier, stopping double-spends
A stealth address is a one-time cryptographic address generated fresh for every transaction. The sender creates it using the recipient's public key. Only
Layer 2 networks earn revenue through sequencer fees, native yield from bridged assets, app fees, and premium pricing. Status Network removes gas costs entirely. It
Impermanent loss is the difference in value between holding tokens in a liquidity pool and simply holding them in a wallet. It occurs when the
Total Value Locked (TVL) is the dollar value of all crypto assets deposited into a DeFi protocol's smart contracts. It counts tokens staked,
A Sparse Merkle Tree (SMT) is a fixed-size cryptographic tree where most leaves are empty by default. It proves membership or non-membership of any value
Ethereum gas fees spike when user demand for block space exceeds supply. EIP-1559, activated in August 2021, replaced blind auctions with a dynamic base fee
DeFi (decentralized finance) is a system of financial apps built on blockchains instead of banks. Users lend, borrow, trade, and earn yield through smart contracts.
Status Network is the first reputation-based L2 designed for humans and bots, enabling gasless transactions and composable privacy at scale. Today, we are introducing Bermuda,
GUSD is a yield-bearing meta-stablecoin built for Status Network. Deposit USDC, USDT, or USDS and receive GUSD, a single token that automatically allocates your capital
Most Layer 2 networks today still use gas fees. Even when those fees are low, users must hold native tokens, manage balances, and deal with
The Ethereum Dencun upgrade, activated on March 13, 2024, introduced EIP-4844 (proto-danksharding). This created a new data type called "blobs" that Layer 2