Phylax is now live on Ethereum mainnet bringing on-chain circuit breakers via Ethereum's largest block builder Titan. For those who do not understand Phylax and the mission: >…
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Phylax is now live on Ethereum mainnet bringing on-chain circuit breakers via Ethereum's largest block builder Titan. For those who do not understand Phylax and the mission: > Phylax has built on-ch…
Phylax is now live on Ethereum mainnet bringing on-chain circuit breakers via Ethereum's largest block builder Titan. For those who do not understand Phylax and the mission: > Phylax has built on-chain circuit breakers. Developers can write assertions that defines an unwanted post stated which essentially defines a hack. > Transactions that violate that assertion are NOT MINED. What does this mean? On-chain security is moving away from reactive to preventative. > The mission is to secure all on-chain capital. On-chain policies (circuit breakers) in my opinion will play a large part in regulating on-chain markets. I cannot stress this enough. It's absolutely tautological that security is preventative. Malicious transactions should not be mined. Finality means malicious trransactions are like physics events. You cannot reverse time and reorder transactions on public blockchains. Therefore, we need an entirely new on-chain security paradigm which is preventative security via circuit breakers enforced in the block builder and sequencer layers. Cybersecurity is on top of mind for everyone and in a world full of black hates it's paramount we protect digital assets via circuit breakers. Disclosure: Arete Capital participated in Phylax's recent strategic round.
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