Future

Bitcoin

LayerZero

Read

Linea

<img decoding="async" width="1280" height="751" src="https://coingape.com/wp-content/uploads/2020/05/consensys.png" class="attachment-full size-full wp-post-image" alt="ConsenSys" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2020/05/consensys.png 1280w, https://coingape.com/wp-content/uploads/2020/05/consensys-300x176.png 300w, https://coingape.com/wp-content/uploads/2020/05/consensys-768x451.png 768w, https://coingape.com/wp-content/uploads/2020/05/consensys-1224x718.png 1224w" sizes="(max-width: 1280px) 100vw, 1280px">
The blockchain community Linea, backed by Consensys, has encountered a significant challenge in its operations. 
Linea identified Sybil’s activity, which managed to avoid its verification systems, and temporarily stopped the distribution of its non-transferable token, LXP. This step, consequently, aligns with Linea’s vision of having a human-centric and genuine ecosystem. 
<h2 id="sybil-activity-disrupts-lxp-mint">Sybil Activity Disrupts LXP Mint</h2> 
Linea announced in a series of tweets that <a href="https://coingape.com/lunc-news-terra-luna-classic-key-proposal-fails-lunc-price-stars-rallying/">Sybil’s</a> action had been detected and blocked. This act of fraudulence entailed fake identities being created by people, so attestations given to one user could be gotten by many. 
This finding, as a result, led Linea to suspend the LXP token distribution, highlighting the need for the tokens to be allocated to real participants. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 wen LXP for Linea Park? 
 The team is working to make the LXP mint happen soon. Here's why it's taking longer than normal, and how our extra efforts are geared to protect the interests of our community. 
 — Linea (@LineaBuild) <a href="https://twitter.com/LineaBuild/status/1789318471680958952?ref_src=twsrc%5Etfw">May 11, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Collaborating with <a href="https://coingape.com/polygon-labs-plans-partnership-to-develop-less-invasive-identity-verification/">Proof of Humanity</a> (PoH) issuers and Verax, Linea is actively annulling attestations for addresses recognized as Sybils. This action purges the system of fake participants and secures the credibility of future token distributions. 
<h2 id="ensuring-authentic-participation">Ensuring Authentic Participation</h2> 
For Linea, the main issue is the genuineness of the community members. LXP is a non-transferrable <a href="https://coingape.com/tron-founder-justin-sun-bags-2m-tokens-from-eigenlayer-airdrop/">token</a>, and therefore, it still has to go through an extensive verification process to ensure it is awarded to real people. 
Linea’s dedication to this verification process emphasizes its commitment to maintaining a community of true human interaction rather than automated or fraudulent activities. 
The proactive actions of Linea are aimed at providing a sense of comfort to its clients that the company is doing something to safeguard their interests. As per the thread, the team is working to solve the problem and return the LXP minting process to normal as soon as possible. 
According to the Linea community, the ultimate purpose is that the distribution of tokens should be fair and right. 
<h2 id="upcoming-linea-airdrop-and-layerzero-steps">Upcoming $LINEA Airdrop and LayerZero Steps</h2> 
Concurrently, the Linea team reminded its community that the official dates for the $LINEA airdrop would be announced during a Twitter AMA scheduled for May 11, 2024, at 11:00 AM and 1.00 PM UTC. This announcement is timely as the industry is increasingly interested in fighting Sybil attacks and ensuring equitable token distribution. 
For instance, <a href="https://coingape.com/layerzero-tackles-airdrop-abuse-with-self-report-option/">LayerZero Labs</a> recently introduced a self-reporting mechanism to combat Sybil’s activity, with a 15% token allocation for honest disclosures, according to May 17, 2024. 
This move indicates a more significant industry shift towards transparency and accountability concerning token distribution. LayerZero’s method entails a snapshot made on May 1, 2024, to decide who qualifies for its airdrop and serves as an organized system to control Sybil’s activity. 
Read Also: <a href="https://www.google.com/url?client=internal-element-cse&amp;cx=e6c2264173c544ed8&amp;q=https://coingape.com/just-in-former-paypal-chief-predicts-bitcoin-lightning-as-future-norm-for-corporate-transactions/&amp;sa=U&amp;ved=2ahUKEwiw67GApYaGAxWn9gIHHYAUDwoQFnoECAQQAg&amp;usg=AOvVaw1W9LRPXQbVaDlltMX14QqR&amp;fexp=72519171,72519168">Former PayPal Chief Predicts Bitcoin Lightning as Future Norm for Corporate Transactions</a> 
The post <a href="https://coingape.com/consensys-backed-linea-suffered-sybil-attack-delays-lxp-mint-2/">Consensys-Backed Linea Suffered Sybil Attack, Delays LXP Mint</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Consensys-Backed Linea Suffered Sybil Attack, Delays LXP Mint

Table of Contents

Coingape News Media

Other articles published on May 11, 2024

The Real Post Halving Bull Run Is About To Start!? How to Prepare Before It’s Too Late?

OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

Unveiling the Top 5 Meme Coins Lighting Up Crypto Portfolios

FTX Claims Might Set Hedge Funds On Prosperous Path, But There’s a Twist

Top 10 Altcoins For 2024 & 2025 Bull Market!

Shark Tank’s Mark Cuban slams SEC: ‘Trying to destroy crypto’

Join our free newsletter for daily crypto updates!