EigenLayer Improves EigenDA Security to Fight Sybil and DDoS
2024-06-24Bittime - To protect EigenDA from Sybil and DDoS attacks, EigenLayer enhances EigenDA's security with ECDSA and data whitelisting on Ethereum mainnet. The second airdrop of EIGEN tokens was completed, giving away 113 million tokens.
EigenLayer Improves EigenDA Security to Fight Sybil and DDoS
EigenLayer has implemented whitelisting security measures to ensure EigenDA data is available on the Ethereum mainnet. An important step in the project's token distribution plan is the ownership of both EIGEN tokens by the EigenLayer Foundation. This new feature will help fight Sybil and DDoS attacks.
EigenDA Can Use Internet Address Protocol
To increase the security of EigenDA and ensure access to the service, the Ethereum elliptic curve digital signature algorithm (ECDSA) is used. ECDSA authentication, which is based on the principle of public key cryptography, guarantees secure authentication with elliptic curve cryptography. The Eigen team states that EigenDA can also use Internet address protocols to provide secure access to the service.
EigenLayer Introduces New Security Features
The announcement states that EigenLayer will be able to guarantee service availability and ensure that all its clients are accessible. Additionally, the Eigen team states that EigenDA's free tier enables throughput of 768kbs every ten minutes, surpassing the busiest rollup on the Ethereum blockchain. For example, Base L-2 on Ethereum uses less than two blobs per window for ten minutes.
EigenLayer Explain EIGEN Token Distribution
The first season ended with the Eigen team completing the second stage of the EIGEN token airdrop in May. The team distributed 113 million EIGEN tokens, or 6.7% of the supply awarded for the airdrop.
After the announcement, EigenLayer temporarily stopped all token transfers until the end of the third quarter of 2024. However, the platform's web portal currently owned by the EigenLayer team allows users to participate in delegation and staking activities with EigenDA operators.
Conclusion
EigenLayer introduces free 768 kbps throughput every ten minutes, enhancing EigenDA's security by using ECDSA for secure authentication and data whitelisting on Ethereum mainnet. This helps against Sybil and DDoS attacks. The second airdrop of EIGEN tokens was completed, giving away 113 million tokens. Users can still participate in delegation and staking via the platform's web portal, but token transfers will be paused until the end of the third quarter of 2024.
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