• 語言&匯率
  • 偏好設定
    漲跌顏色
    漲跌幅起始時間
Web3 交易所
Gate博客

加密貨幣新聞、熱點&行業洞察

Gate.io 博客 GateChain and BNB Chain Stand Together on Blockchain Security

GateChain and BNB Chain Stand Together on Blockchain Security

10月11日 14:01


At least $100 million worth of cryptocurrency was recently stolen in an exploit targeting the BSC Token Hub, a cross-chain bridge on the BNB Chain. The incident resulted in validators on the BNB Chain halting the network to prevent further exploits while the issue is resolved.

As the entire crypto ecosystem has grown rapidly, so have hacks, exploits, and theft incidents, with the majority occurring on DeFi protocols. Although this hasn't gone unnoticed by builders and developers in the space, who are constantly working to improve on-chain security, there is still a ways to go before the wave of incidents subsides.

In the case of the BNB exploit, Binance and the BNB Chain validators took swift action to secure the network and prevent further damage. But, once again, this brings into question the state of security on decentralized blockchains.


Security-centric blockchains are a must

A comparable example to Binance's BNB Chain is GateChain, a public and decentralized blockchain developed by Gate.io. While sharing many similarities in terms of purpose and usage, like serving as the foundation for a DeFi ecosystem and digital asset storage, GateChain has some very interesting security features.

Unique to GateChain are on-chain security innovations that allow wallet recovery and transaction reversal. For example, suppose a private key is forgotten, misplaced, or stolen. In that case, GateChain users can utilize a preconfigured on-chain vault account to regain access to their funds. Even more, if anyone, such as a hacker, gains unauthorized access to a wallet and tries to steal funds, transactions can be revoked using the vault account during a time-delay period.

Further, GateChain's security doesn't stop at its unique security features. The chain is decentralized and is built on the proof-of-stake (PoS) consensus mechanism. Meaning anyone can participate in and secure the network, which is currently supported by over 160 public validators.


One common goal

The blockchain industry is filled with developers racing to solve various use cases. Still, one goal everyone is undisputably united on is user asset security. And innovations in blockchain security, like GateChain's, are a direct response to the need for more hardened asset safety in the wake of rising instances of theft. While there is still progress to be made in strengthening security, developers like the one’s behind BNB Chain and GateChain are working to evolve and improve safety and reliability for crypto users.



Click and Access Gate.io in Restricted Areas



Author: Gate.io
*Gate.io reserves all rights to the final decision. The article does not constitute any investment suggestions.
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
解鎖盲盒最高獲$6666獎勵
立即註冊
即刻領取20點卡
新人專享,僅需2步馬上獲得點卡

🔑 註冊帳戶

👨‍💼 24小時內進行身份認證

🎁 獲得點卡獎勵

馬上領取
語言及地區
匯率
前往土耳其站點?
土耳其站已上線
可點擊前往TR分站,或是繼續留在國際站