HOME CATEGORIES WRITE AND EARN 🔍
CATEGORIES WRITE AND EARN MORE

CRYPTO NEWS

Your favorite crypto news blog

Web3 Foundation Awards Grant to Swisscom Blockchain to Secure the Polkadot Network

Crypto 2020/09/10 23:21 by Ponvang Bulus
Web3 Foundation Awards Grant to Swisscom Blockchain to Secure the Polkadot Network

Swiss Blockchain has been awarded a grant by decentralized internet supporter Web3 Foundation to develop validators for Polkadot. This is in a bid to improve the security of Polkadot’s network by ensuring the availability of full nodes to prevent the possibility of a Distributed Denial of Service (DDoS) attack which is common with Proof-of-Stake on the networks.

Earlier today, Polkadot validators released a statement saying that Web3Italy validators on Polkadot went offline on 11 August for at least 14 hours and got slashed. This is a situation in which a validator is offline when the network is attacked or a major decision is made among validators in their absence. 

Web3 Foundation is sponsoring Swiss Blockchain to develop a Kubernetes Operator for sentry nodes and validators for both Kusama and Polkadot to present this kind of situation. This will make the two networks more resilient and less prone to DDoS attacks, thus increasing Polkadot’s credibility as a trustworthy Proof-of-Stake network. 

Speaking on the project, Dieter Fishbein, Head of Ecosystem Development at Web3 Foundation, said: 

“Providing Kusama and Polkadot with a Kubernetes Operator contributes to a more robust network, helping validators ensure high availability in their operations, and reducing the chances of validators getting slashed for unresponsiveness. We look forward to working with Swisscom Blockchain on their contributions to both the Polkadot and Kusama networks.”

Also commenting on the partnership, Head of Technology at Swisscom Blockchain, Jorge Alvarado Flores said: 

“It was a great experience to work with the Web3 Foundation on the realization of this project. We’ve come to realize how important it is to combine efforts between the enterprise and the open-source world, in order to increase the adoption of blockchain technologies to solve real-world problems. Looking ahead we are hopeful that our contributions to Web3 Foundation on the automated deployment of sentry and validator nodes will be useful for other enterprises to engage in the Polkadot ecosystem.”

Kubernetes operator is a set of tools used to deploy and monitor validators to ensure maximum availability. When completed, this will make it easier for anyone looking to build their own sophisticated Polkadot validator, making the network a go-to destination among PoS networks.

0 Like(s)



You should also read...

Crypto 26/11/19 01:30 by Kai Sedgwick
A History of Blockchain Consensus Mechanisms
The consensus mechanism is a critical blockchain component, providing a non-partisan means of establishing agreement as to the network’s current state. But ever since Bitcoin emerged in 2008, it...
Read More
Altcoins 04/08/20 23:40 by Bernice Nyambura
“Ethereum Is A Continuation Of Satoshi’s Vision”, Says Vitalik As Final Medalla Testnet For ETH 2.0 Launches
The Ethereum development team successfully launched the final Multiclient Medalla Testnet for Phase O (Beacon Chain), on 4th August and right on schedule. This follows a recent update by Ethereum ...
Read More
Other 12/08/20 21:37 by Samuel Wan
Matic Network Positions Itself as the Go-To Platform for Gaming dApps
Activity on the Matic Network has gone into overdrive of late. The project recently finalized Phase 1 of its mainnet launch by adding third-party staking validators into the mix. The list of external ...
Read More
Crypto 11/09/20 23:29 by Livine Sanchez
Dfinance – A Layer 2 Blockchain Network built for DeFi
Dfinance is a purely decentralized layer-2 network offering the infrastructure to create various financial instruments and DeFi tools with no technical skills required. It is a new project by Wings S...
Read More
Other 08/06/21 20:30 by Lou Kavan Flavius
Huge Milestone For Polkadot As First Functional Parachain Goes Live
Polkadot’s development team has announced the upcoming launch of its parachain slot auction on the Kusama network in a statement posted on Tuesday. While Polkadot’s native DOT currency has dip...
Read More