However, Balaji notes that these smart things lack coordination and memory. That is, they can't synchronize with each other or with their owners online and store memories of those conversations.

Balaji says that even if they could, there's a serious problem: "Who owns the private key? "
Buterin, in his typical fashion, proposed a solution that he believes could solve this problem. He stated that explicit control over private keys and technology should belong to people personally.
This implies that, as in the case of wallets, the owner should have full control without relying on intermediaries who created such technology. LINE
Vitalik Buterin emphasized an important point regarding the security of such technologies. He noted that self-protection "is not a standard outcome in the current crypto ecosystem. "LINE BREAK Users still place funds in centralized organizations such as exchanges. LINE BREAK This may seem convenient, but it exposes owners to inconvenient risks such as mismanagement and hacking. Exposing owners to mismanagement, hacking, and other inconvenient risks. Fraudsters have already begun exploring the use of #Elon Musk's artificial bots.
Therefore, Buterin advocates a more decentralized approach to the artificial Internet of Things, where the owner of the #private key has full control over the technology. He states. This will minimize attacks by malicious actors seeking to take control and "infiltrate" such smart homes.
Buterin concludes with an important point.
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#MarketInsights #CryptoAdoption #TrendingTopic

This attack method, called "GoFetch" by discoverers, does not require administrative access and is concerned that attackers will find it easier to exploit this vulnerability.

According to the development team, "we are not concerned about the value of the data that is prefetched, but the fact that the intermediate data looks like an address is enough to map through the cache channel and reveal the #private key over time. " "This revelation is of particular concern to #cryptocurrency holders, as the private key is the foundation of digital wallet and transaction security.
The impact of GoFetch is so great that it affects not only traditional encryption protocols, but also protocols designed to protect against quantum computing attacks. This puts at risk a wide range of cryptographic keys such as RSA and Diffie-Hellman, as well as post-quantum algorithms such as Kyber-512 and Dilithium-2.
The researchers report that "it takes the GoFetch application less than 1 hour to extract a 2048-bit RSA key and more than 2 hours to extract a 2048-bit Diffie-Hellman key.
Fixing this vulnerability is a major challenge due to the nature of the hardware. Software-based protections can be developed, but performance is often degraded, especially on devices with older M-series chips.
Cryptocurrency developers running on M1 and M2 processors [. "Other protection measures must be used, but most are associated with significant performance degradation," the researchers said, pointing out the difficult road ahead for both developers and users.
Apple has yet to release the results of the GoFetch survey, so the tech community and cryptocurrency users are eagerly awaiting the responses. In the meantime, researchers advise end users to keep an eye out for software updates that specifically address this vulnerability.
Given the slow process required to manually assess implementation vulnerabilities, the cryptocurrency community faces a period of uncertainty and increased risk.

Jake Simmons has been interested in #Bitcoin since 2016.
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#TokenEconomy #MarketInsights

-The DJT token, linked to Donald Trump and his son Barron, plummeted 1% in 2002/2024 due to a massive £8.6 million sale of one wallet 90.

the wallet, which controls 20% of the supply, made a large transaction that caused the #token to crash. Funds were redistributed among 4 different wallets.
Marthin Shkreli, who claimed to have created and promoted the token with Barron Trump, distanced himself from the project after the price drop, accusing Barron of denying the existence of the token or access to the #private key.
The DJT token, thematically linked to Donald Trump and his son Barron, fell 8.6% to 90% in 2024. The sharp drop in market capitalization, which fell from ¥5,500 million to ¥3,300 million in a matter of minutes, was caused by a massive ¥1 million sale by 200 wallets.
the collapse was caused by wallet
"20UGM4, which owned about 6% of DJT's entire offering. During a single transaction, it liquidated a huge amount of tokens, causing a #chain reaction that led to a rapid token crash. The proceeds from the sale were then distributed to 4 different wallets.
According to Coingecko, TrumpCoin (DJT) was trading at 0.0058. In just 8 hours after trading began on 6/2, the token fell in price almost instantly and lost 90% of its value. Martin Shkreli, known for his previous role
"Pharma Bro, initially claimed that he and Barron Trump created and promoted the token. However, after the price plummeted, Shkreli backed away from the project, blaming Baron Trump for the collapse. In comments on social media, Shkreli denied that he owned DJT tokens or had access to private keys that controlled the liquidity and said he had no idea about the current situation.
Further investigation revealed that DJT's Telegram channel shared an admin with another token backed by Shkreli, prompting speculation about his involvement in the project.

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