A couple of days ago, $Cetus was hacked for 230 million. Originally, $sui was on a good upward trend but was brought down. Blockchain security is truly very important. I happened to see someone mention the decentralized network security protocol based on blockchain and post-quantum technology, @NaorisProtocol, in the IDO, so I took the opportunity to learn about this project.

The vulnerability of Cetus partly stems from the centralized design of its internal oracle system, which is easily manipulated. With Naoris, each device becomes a validation node, checking the status of other devices, APIs, and smart contracts in real-time. If hackers try to breach one node, the entire network will collectively defend, eliminating the risk of a single point of failure. This should be very important for DeFi projects.

However, this is not just applicable to blockchain; it can be used in banking, communications, defense, IoT, and healthcare as well. The project has received support from Draper Associates, who have previously invested in Coinbase, SpaceX, and Robinhood. They raised 31.5 million USD.

It seems that the previous test nets have all ended, and now there is a public offering that can be participated in.

The public offering is on ETH, and you can participate using $eth, $usdt, or $usdc, with a price of 0.11 USD, fully released. The public offering ends on the 27th, so you can assess whether to participate.