EigenLayer Bolsters Security Amid Looming Threat, Here’s What to Know

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As a seasoned analyst with extensive experience in the blockchain and decentralized applications sector, I strongly believe that EigenLayer’s recent security update to its EigenDA platform is a commendable move in the ever-evolving landscape of Web3 infrastructure.

Expert: EigenLayer, a well-known decentralized infrastructure supplier, announced an essential enhancement to the security of its EiganDA platform. The main objective of this modification is to bolster defenses against Sybil and Distributed Denial of Service (DDoS) attacks by implementing Whitelist Security measures.

EigenLayer’s EigenDA Platform Undergoes Security Advancement

Over the weekend, I received news from EigenLayer’s EigenDA about their intentions to bolster the platform’s security with Whitelist Security measures. These measures aim to shield us against impending Sybil and DDoS attacks. This is just one aspect of EigenLayer’s broader strategy to fortify its network and provide a dependable environment for users and developers alike.

As a security analyst, I would explain it this way: To ensure enhanced security and secure access to our service, the whitelist mechanism we utilize employs either an Internet Protocol (IP) address or Ethereum‘s Elliptic Curve Digital Signature Algorithm (ECDSA) for authentication.

In the swiftly evolving landscape of decentralized applications and blockchain technology, taking these steps is crucial for maintaining the network’s reliability and authenticity. By pre-approving trustworthy nodes and users within the EiganDA network through the whitelist security method, we can minimize the risk of malicious actors attempting to disrupt operations via Sybil or DDoS attacks.

With EigenLayer’s complimentary tier, you get six data chunks, each of size 128KB, adding up to a capacity of 768KB per batch. This is more than what most Ethereum rollup projects like Base presently utilize.

Noting importantly, EigenLayer’s EigenDA can perform load testing on the mainnet at maximum speeds of 10 MB/s. In contrast, Ethereum achieves a throughput of 4844 blobs per second with each blob being approximately 0.64 KB, resulting in a total synthetic load generation of 3.1 MB/s. On the other hand, Celestia mainnet generates only 0.032 MB/s and ⅙ MB/s, respectively.

Currently, EigenDA’s platform is working on implementing permissionless payments for its blob throughput. This feature is anticipated to be launched towards the end of the year. Once activated, EigenDA will offer dedicated bandwidth for intensive throughput applications at a fixed cost.

Second Phase Airdrop For LRT Users

As a crypto investor, I’m excited to share that EigenDA recently rolled out a security update on their platform, following closely after the launch of the second phase of their Season 1 airdrop for Liquid Restaking Tokens (LRTs). Based on the announcement, those who interacted with Kelp, Pendle, and Equilibrium LRT protocols are now eligible to claim their tokens.

According to the foundation’s communications regarding EigenLayer, they have set aside allocations for every LRT (Layer Request Token) procedure without imposing penalties, maintaining consistent standards as observed during Phase 1. The platform explained that the reduction in EIGEN stakes was influenced by each LRT protocol based on its end user’s evaluation, while conducting Sybil and risk assessments to determine eligible wallet addresses and claims.

Individuals who engaged with these protocols before March 15 are entitled to collect their tokens before September 7. Furthermore, every person involved in the stakedrop’s initial phase and each new phase 2 participant who staked prior to March 15 will receive an extra 100 EIGEN upon token collection.

EigenLayer Bolsters Security Amid Looming Threat, Here’s What to Know

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2024-06-24 13:11