Ethereum

EigenLayer

Enhance

Base

Security

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/eigenlayer-boosts-ethereum-security" data-wpel-link="internal" rel="noopener noreferrer nofollow">EigenLayer Boosts Ethereum Security</a><br></p>
<p style="text-align: justify">EigenLayer has introduced advanced measures to prevent sybil and distributed denial-of-service attacks for its EigenDA data availability service on the Ethereum mainnet. According to a recent announcement by EigenDA, the new whitelist security measure employs internet protocol addresses and Ethereum’s elliptic curve digital signature algorithm (ECDSA) for robust protection and secure service access.</p>
<h2 id="what-is-ecdsa-authentication">What is ECDSA Authentication?</h2>
<p style="text-align: justify">ECDSA authentication, a cryptographic technique, verifies the identity of users, devices, or systems using public key encryption principles. Elliptic encryption ensures secure authentication, a cornerstone of EigenLayer’s enhanced security strategy. This added layer of security aims to protect the service while maintaining accessibility for all users.</p>
<h2 id="how-does-eigenda-enhance-service-availability">How Does EigenDA Enhance Service Availability?</h2>
<p style="text-align: justify">EigenDA offers a free tier with a transfer rate of up to 768 kilobytes per 10-minute window, which is sufficient for high-demand roll-ups on Ethereum. For instance, the Base network utilizes less than two blobs every 10 minutes, indicating that EigenDA’s capabilities exceed typical requirements. Users and partners can collaborate with EigenDA to customize solutions for various high-efficiency applications and <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">innovations</a>.</p>
<h2 id="key-insights">Key Insights</h2>
<p style="text-align: justify">– EigenDA achieves synthetic loads of 0.6 megabytes per second and peak throughputs of up to 10 megabytes per second on the mainnet.</p>
<p style="text-align: justify">– EigenLayer plans to implement permissionless payments for blob transfer rates by late 2024, allowing users to allocate fixed-rate bandwidth for high transfer needs.</p>
<p style="text-align: justify">– In May, EigenLayer concluded the second phase of its EIGEN <a href="https://en.bitcoinhaber.net/fed-decision-impacts-crypto-prices" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> airdrop, distributing 113 million EIGEN tokens and marking the end of its initial airdrop season.</p>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">EigenLayer’s continuous advancements in security and service availability demonstrate its commitment to enhancing the Ethereum ecosystem. With substantial deposits and an expanding security network, EigenLayer is positioned to support new projects without requiring distinct security infrastructures, fostering <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">innovation</a> and growth in the blockchain space.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/eigenlayer-boosts-ethereum-security" data-wpel-link="internal" rel="noopener noreferrer nofollow">EigenLayer Boosts Ethereum Security</a></h5>

EigenLayer Boosts Ethereum Security

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