PoSt
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FIL: Security through cryptographic proofs – PoRep and PoSt! 🧐🔐
Filecoin uses unique cryptographic proofs to ensure the integrity and reliability of data storage: Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt).
Proof-of-Replication (PoRep): This is proof that the storage provider has indeed received the data and uniquely encoded it for storage in multiple locations (replication). This guarantees that the data has truly been stored and is not a duplicate of already existing data.
Proof-of-Spacetime (PoSt): This is proof that the storage provider continues to store the data for a specified period of time. Miners must periodically provide these proofs to the network to confirm the continuity of storage. If proof is not provided, the miner loses their stake and reward.
These innovative cryptographic mechanisms provide a high level of trust and transparency in the decentralized Filecoin storage network.
#Filecoin #FIL #PoRep #PoSt #Binance $FIL
Filecoin uses unique cryptographic proofs to ensure the integrity and reliability of data storage: Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt).
Proof-of-Replication (PoRep): This is proof that the storage provider has indeed received the data and uniquely encoded it for storage in multiple locations (replication). This guarantees that the data has truly been stored and is not a duplicate of already existing data.
Proof-of-Spacetime (PoSt): This is proof that the storage provider continues to store the data for a specified period of time. Miners must periodically provide these proofs to the network to confirm the continuity of storage. If proof is not provided, the miner loses their stake and reward.
These innovative cryptographic mechanisms provide a high level of trust and transparency in the decentralized Filecoin storage network.
#Filecoin #FIL #PoRep #PoSt #Binance $FIL
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Filecoin: Energy-efficient data storage for a sustainable future! ♻️🌍
Unlike energy-intensive Proof-of-Work (PoW) blockchains, Filecoin is designed with a focus on energy efficiency, making it a more sustainable solution for data storage.
Proof-of-Spacetime (PoSt): The PoSt and PoRep mechanisms require miners to prove that they are storing data, rather than solving complex cryptographic puzzles as in PoW. This significantly reduces energy consumption.
Utilization of existing equipment: Filecoin miners use standard data storage equipment (hard drives), which is often already available and does not require specialized, energy-intensive devices (ASIC miners).
Incentivizing the use of unused space: Filecoin encourages people to monetize existing, unused disk space, which is a more efficient use of resources.
Eco-friendliness of Web3: As the world moves towards decentralized technologies, energy-efficient solutions like Filecoin become key to building a sustainable Web3 infrastructure.
Filecoin provides a data storage solution that is not only secure and decentralized but also meets the growing demands for environmental responsibility.
#Filecoin #FIL #PoSt #Web3 #Binance $FIL
Unlike energy-intensive Proof-of-Work (PoW) blockchains, Filecoin is designed with a focus on energy efficiency, making it a more sustainable solution for data storage.
Proof-of-Spacetime (PoSt): The PoSt and PoRep mechanisms require miners to prove that they are storing data, rather than solving complex cryptographic puzzles as in PoW. This significantly reduces energy consumption.
Utilization of existing equipment: Filecoin miners use standard data storage equipment (hard drives), which is often already available and does not require specialized, energy-intensive devices (ASIC miners).
Incentivizing the use of unused space: Filecoin encourages people to monetize existing, unused disk space, which is a more efficient use of resources.
Eco-friendliness of Web3: As the world moves towards decentralized technologies, energy-efficient solutions like Filecoin become key to building a sustainable Web3 infrastructure.
Filecoin provides a data storage solution that is not only secure and decentralized but also meets the growing demands for environmental responsibility.
#Filecoin #FIL #PoSt #Web3 #Binance $FIL
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📢 "Just Wrote 1 Article... and Got Paid in Crypto! 💸🧠"
Aap Netflix dekh rahe the...
Main Binance pe likh raha tha.
Result?
💰 Crypto reward
🌍 Global exposure
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Aur sabse khaas — apni voice se earn karna.
Agar aapko likhna aata hai (ya thoda-thoda bhi), toh Binance ka Write-to-Earn program aapke liye ek game-changer ho sakta hai.
👉 Har week naye topics
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Follow & Like @Binance Burmese Square
Comment your answers under the Day 2 challenge #post
If you get at least 5 out of 7 answers correct within the week, you’ll share a $200 reward with other correct participants!
Not enough? There’s more!
Post using #BinanceJumble for a chance to win
Top 3 posts get $10 each
Plus, 5 Lucky Winners will win $5 each
Join the fun, answer smart, and win big – don’t miss out!
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Today's PNL
2025-06-02
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Malicious Ethereum Contracts Fail to Profit Post-EIP-7702 Upgrade: Winter Mute
$SOL
Malicious Ethereum Contracts Fail to Profit Post-EIP-7702 Upgrade: Wintermute
The recent Ethereum upgrade, Pectra, introduced EIP-7702, a feature allowing standard Ethereum addresses to act as smart contracts. While the change enhances user convenience by enabling features like batched transactions and spending limits, it has also opened the door to potential abuse.
According to crypto market maker Wintermute, a wave of malicious contracts—nicknamed "CrimeEnjoyors"—has emerged to exploit wallets with weak security. These contracts are designed to scan for and drain compromised wallets, but so far, have not proven profitable.
“Our research team found that over 97% of all EIP-7702 delegations used the exact same code—automated sweepers attempting to extract ETH from compromised wallets,” Wintermute said on X.
More than 80% of all EIP-7702 wallet delegations have involved nearly identical contracts, often reused and deployed at scale. These simple, copy-paste contracts seek vulnerable wallets that have granted contract permissions under the new framework.
Despite the widespread attempt, attackers have largely failed to benefit. The CrimeEnjoyors reportedly spent about 2.88 $ETH ETH to authorize roughly 79,000 wallet addresses, with over 52,000 authorizations tied to a single address: 0x8938...e704.
One of the contracts’ destinations for stolen ETH—0x6f6b...0428—has yet to receive any funds as of Friday, suggesting that many of these attacks may be ineffective or prematurely deployed.
In one known incident, a wallet lost nearly $BTC 150,000 via malicious batched transactions stemming from a phishing attack, as reported by Scam Sniffer. Still, such cases appear to be exceptions rather than the rule.
Wintermute concluded that while the EIP-7702 upgrade provides new functionality, it also underscores the importance of strong wallet security practices, particularly around delegation and contract permissions.
#Ethereum
#fail
#profit
#post
Malicious Ethereum Contracts Fail to Profit Post-EIP-7702 Upgrade: Wintermute
The recent Ethereum upgrade, Pectra, introduced EIP-7702, a feature allowing standard Ethereum addresses to act as smart contracts. While the change enhances user convenience by enabling features like batched transactions and spending limits, it has also opened the door to potential abuse.
According to crypto market maker Wintermute, a wave of malicious contracts—nicknamed "CrimeEnjoyors"—has emerged to exploit wallets with weak security. These contracts are designed to scan for and drain compromised wallets, but so far, have not proven profitable.
“Our research team found that over 97% of all EIP-7702 delegations used the exact same code—automated sweepers attempting to extract ETH from compromised wallets,” Wintermute said on X.
More than 80% of all EIP-7702 wallet delegations have involved nearly identical contracts, often reused and deployed at scale. These simple, copy-paste contracts seek vulnerable wallets that have granted contract permissions under the new framework.
Despite the widespread attempt, attackers have largely failed to benefit. The CrimeEnjoyors reportedly spent about 2.88 $ETH ETH to authorize roughly 79,000 wallet addresses, with over 52,000 authorizations tied to a single address: 0x8938...e704.
One of the contracts’ destinations for stolen ETH—0x6f6b...0428—has yet to receive any funds as of Friday, suggesting that many of these attacks may be ineffective or prematurely deployed.
In one known incident, a wallet lost nearly $BTC 150,000 via malicious batched transactions stemming from a phishing attack, as reported by Scam Sniffer. Still, such cases appear to be exceptions rather than the rule.
Wintermute concluded that while the EIP-7702 upgrade provides new functionality, it also underscores the importance of strong wallet security practices, particularly around delegation and contract permissions.
#Ethereum
#fail
#profit
#post
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🎯 #Binance Trading Fee Rebate Voucher – I didn't know before, now I've learned!
Even though I use Binance, I didn't know what "Trading Fee Rebate Voucher" actually is and how beneficial it can be!
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3️⃣ You can receive a rebate of up to 20 USDT! #Vounscher #Deepbau
📅 The voucher has an expiry date, so you need to click "Use" to activate it within a specific time.
⚠️ It only works for spot trading, not for futures.
#post
💡 Why is it important?
This voucher reduces your trading costs, meaning you are trading and getting some back as well!
It's a complete bonus for new traders #BTC
Even though I use Binance, I didn't know what "Trading Fee Rebate Voucher" actually is and how beneficial it can be!
Now that I know, I thought I would share it with you all —
➡️ Binance occasionally gives out this voucher, which allows you to receive the fees deducted while trading in the spot market back in the form of USDT!
🔍 How does it work?
1️⃣ If you trade in the spot market, some fees are deducted each time.
2️⃣ If your voucher is active, then those fees are later refunded to your Funding Wallet.
3️⃣ You can receive a rebate of up to 20 USDT! #Vounscher #Deepbau
📅 The voucher has an expiry date, so you need to click "Use" to activate it within a specific time.
⚠️ It only works for spot trading, not for futures.
#post
💡 Why is it important?
This voucher reduces your trading costs, meaning you are trading and getting some back as well!
It's a complete bonus for new traders #BTC
#Post with hashtag #OrderTypes101 Order Types101 on the Binance explains various order types for trading:
1. *Market Order*: Buying/selling at current market price.
2. *Limit Order*: Buying/selling at specified price.
3. *Stop-Limit Order*: Combining stop-loss and limit orders.
4. *Stop-Market Order*: Triggering the market order at specified price.
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These order types help users:
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The Binance likely provides resources to help users understand and effectively use these order types, enhancing their trading experience and strategy.
1. *Market Order*: Buying/selling at current market price.
2. *Limit Order*: Buying/selling at specified price.
3. *Stop-Limit Order*: Combining stop-loss and limit orders.
4. *Stop-Market Order*: Triggering the market order at specified price.
5. *Take Profit/Limit*: Secure profits at specified the price.
These order types help users:
1. *Manage risk*: The Limiting losses or locking profits.
2. *Optimize trades*: The Executing trades at desired prices.
The Binance likely provides resources to help users understand and effectively use these order types, enhancing their trading experience and strategy.
#Post with hashtag #CEXvsDEX101 CEX vs DEX 101 on the Binance refers to the comparison between:
1. *CEX (The Centralized Exchange)*: The Binance itself, where the transactions are managed centrally.
2. *DEX (The Decentralized Exchange)*: The Platforms like Uniswap, where the transactions occur directly between users without intermediaries.
Key differences:
1. *Control*: The CEX has central authority, while DEX operates autonomously.
2. *Security*: The CEX holds user funds, while DEX users retain control.
3. *Liquidity*: The CEX often has higher liquidity.
The Binance might discuss these differences to help users choose between centralized and decentralized the trading options, each with its pros and cons.
1. *CEX (The Centralized Exchange)*: The Binance itself, where the transactions are managed centrally.
2. *DEX (The Decentralized Exchange)*: The Platforms like Uniswap, where the transactions occur directly between users without intermediaries.
Key differences:
1. *Control*: The CEX has central authority, while DEX operates autonomously.
2. *Security*: The CEX holds user funds, while DEX users retain control.
3. *Liquidity*: The CEX often has higher liquidity.
The Binance might discuss these differences to help users choose between centralized and decentralized the trading options, each with its pros and cons.
#Post with Hashtag #TradingTypes101 Trading Types 101 on the Binance refers to the educational content about various trading types:
1. *Spot Trading*: The Buying/selling assets directly.
2. *Margin Trading*: The Trading with borrowed funds.
3. *Futures Trading*: The Contracts to buy/sell assets at set prices.
4. *Stop-Limit Trading*: The Combining stop-loss and limit orders.
The Binance likely provides resources to help users understand these trading types, including:
1. *Definitions*: Explaining each the trading type.
2. *Examples*: Illustrating how they work.
3. *Strategies*: Tips for effective trading.
This educational content aims to empower users to make informed trading decisions on the Binance platform.
1. *Spot Trading*: The Buying/selling assets directly.
2. *Margin Trading*: The Trading with borrowed funds.
3. *Futures Trading*: The Contracts to buy/sell assets at set prices.
4. *Stop-Limit Trading*: The Combining stop-loss and limit orders.
The Binance likely provides resources to help users understand these trading types, including:
1. *Definitions*: Explaining each the trading type.
2. *Examples*: Illustrating how they work.
3. *Strategies*: Tips for effective trading.
This educational content aims to empower users to make informed trading decisions on the Binance platform.
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