Technology
Mysten Labs Unveils Decentralized Storage Protocol Walrus
Published
2 months agoon
By
adminMysten Labs has taken the wraps off its decentralized storage and data availability protocol Walrus, at its Sui Builder House event in Singapore.
“Recognizing the importance of data and the lack of storage innovation in recent years, Mysten has chosen decentralized storage as the next key area to tackle to make Web3 a reality,” Janet Wu, Director of Product at Mysten Labs, told Decrypt.
The release of the Walrus whitepaper and the announcement of the upcoming WAL token will see the project move to the next stage of its development, following its devnet launch in June 2024.
The decentralized storage platform “unlocks Web3 for applications such as social networks with rich content requirements, collaborative platforms such as GDocs, and AI training with data provenance guarantees,” said Mysten Labs researcher Lefteris Kokoris-Kogias in a tweet.
Decentralized storage enables data to be “stored across multiple nodes, providing robust resistance to censorship and enhanced reliability,” Kokoris-Kogias explained.
Walrus is a “next-generation” decentralized storage platform, Sui Product Marketing Manager Casson Rosenblatt told Decrypt. Built atop layer-1 network Sui, Walrus stores data as files called “blobs.”
At its heart is a new data encoding algorithm, Red Stuff—leveraging a novel algorithm based on fountain codes, whose simplicity “allows for the encoding of large files in a single pass, resulting in significantly faster processing,” according to the Walrus whitepaper.
WAL tokenomics
During a presentation, Janet Wu, Director of Product at Mysten Labs, explained the tokenomics behind Walrus’ proof of stake token WAL.
WAL’s staking model enables nodes to receive data in proportion to their relative stake, Wu explained, with storage prices set collectively by storage nodes and payments from users passing back to stakers in the form of staking rewards. Attestation sees storage nodes undertake “asynchronous data challenges” in order to ensure they retain data, with their stake being slashed should they fail the challenges.
WAL also functions as a governance token, with stakers using it to vote on parameter adjustments. Its tokenomics are designed to allow Walrus’ storage nodes to “regroup and function,” as well as incentivizing participants to “work as a decentralized system,” Wu explained.
With the Walrus testnet set to launch later this year, the platform is already seeing interest from projects looking to leverage its decentralized storage offering. Breaking the Ice, a Walrus Devnet Hackathon, has already seen 60 submitted projects and 288 registered participants, with a $50,000 prize pool on offer for the winning teams.
Decrypt itself has onboarded with Walrus, and is set to store its news articles, videos and photos on the protocol.
“Any builder from any chain is able to build on Walrus,” said Wu. “While Walrus uses Sui as the underlying coordination layer, Walrus is chain-agnostic and any apps from any chain can work with Walrus,” she explained, adding that the protocol is designed for “anyone who’s looking to decentralize their stack, to decentralize their storage. You can build Web2 apps that use Walrus to take advantage of its resiliency and transparency.”
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Technology
Know Your Missiles: Russia’s Experimental Hypersonic Missile Is A New Kind of Killing Machine
Published
1 day agoon
November 22, 2024By
adminWhether it was a long-range Intercontinental Ballistic Missile, as originally feared, or an experimental intermediate-range hypersonic missile, as now believed, Russia’s war with Ukraine took yet another step toward fears of nuclear escalation on Wednesday.
The Russian missile strike on the Ukrainian city of Dnipro appeared to be in retaliation for missile attacks on Russia Tuesday after the Biden Administration authorized Ukraine to use long-range American-made Army Tactical Missile Systems (ATACMS) against targets inside Russia.
The hypersonic missile that was used is apparently the first of a new generation of weaponry being developed by superpowers across the globe.
Adding to the growing concern around Russia’s launch of its “Oreshnik” (the hazel) missile is the fact it carried a Multiple Independently Targetable Reentry Vehicle (MIRV) system that allows it to carry multiple warheads, a payload capacity typically associated with nuclear missiles.
Russian Channels are reporting that the recent Strike by the Ukrainian Air Force, using at least 10 “Storm Shadow” Air-Launched Cruise Missiles, against an Underground, Fortified-Command Center in the Kursk Region; resulted in the Death of 18 Russian Officers, including a Senior… pic.twitter.com/dHMhQ3bnkD
— OSINTdefender (@sentdefender) November 21, 2024
How Hypersonic Missiles Differ from ICBMs
What’s the difference between supersonic missiles and ICBMs? Their flight behavior, experts say.
While both ICBMs and hypersonic missiles achieve speeds in excess of Mach 5, hypersonic missiles are far more evasive and can fly inside the atmosphere, changing course at lower altitudes mid-flight to outmaneuver defenses.
In contrast, ICBMs follow a predictable parabolic trajectory after launch, making them far easier to track.
Russia’s use of a hypersonic missile underscores the broader race to develop hypersonic technology. Currently, the U.S., Russia, China, and North Korea have supposedly developed hypersonic missiles, though Russia appears to be the only country ever to launch one in combat.
On Monday, India became the latest nation to enter the arms race, announcing the successful test of what it claimed was its first hypersonic missile. However, whether the missile could be fitted with an effective payload, among other technical issues, was still an open question.
The @DRDO_India has successfully conducted a flight trial of its long range hypersonic missile on 16th Nov 2024 from Dr APJ Abdul Kalam Island, off-the-coast of Odisha.
Raksha Mantri Shri @rajnathsingh has congratulated DRDO, Armed Forces and the Industry for successful flight… pic.twitter.com/wq7yM2YS9f
— रक्षा मंत्री कार्यालय/ RMO India (@DefenceMinIndia) November 17, 2024
Though it has yet to deploy a hypersonic weapon, the U.S. is investing heavily in its research. The Pentagon’s 2025 budget includes a request for $6.9 billion for hypersonic weapons, according to an August 2024 report from the Congressional Research Service.
The Politics of Hypersonic Missiles
Russia’s use of a hypersonic missile is less about terror and destruction and more about sending a message to the West, according to former Intelligence Officer Matthew Shoemaker.
“This was more a message to President Biden, the U.K., and France, more so than to the Ukrainians,” Shoemaker told Decrypt. “It’s messaging to the West to stay out.”
Shoemaker, who served with the U.S. Defense Intelligence Agency and the U.S. Navy, suggested that if Russia had wanted to inflict serious damage on Dnipro, it could have used a conventional weapon.
“Putin could have achieved the same result in terms of taking out whatever target he launched against using a conventional weapon,” Shoemaker said. “He would have done it far more cheaply as well.”
Shoemaker also emphasized the timing of these exchanges, particularly given the political landscape in the U.S., suggesting that Biden’s authorization of ATACMS strikes may have been designed to give Ukraine leverage as President-elect Donald Trump prepares to take office.
“This is all very much political chess and political gamesmanship that both sides are playing,” Shoemaker said. “Apparently, from what I’m seeing, Biden allowed the attack just so that Ukraine could have some semblance of a bargaining chip when President Trump gets into office.”
Shoemaker clarified that while Russia’s missile is hypersonic, conventional Intercontinental Ballistic Missiles (ICBMs) are also considered hypersonic due to their power and speed—up to 17,600 miles per hour (Mach 25).
“If this were an ICBM type missile, the White House would have had to have been alerted beforehand by the Russians,” he said. “If the White House was not made aware that this was going on, it would have tripped our early warning systems, and it would have made people in the Pentagon go crazy that there was an unsanctioned ICBM launch.”
The alert Shoemaker referenced would be in accordance with standard procedures set in the International Code of Conduct against Ballistic Missile Proliferation, also known as the Hague Code of Conduct for ICBMs.
Earlier this month, before the U.S. tested a Minuteman III intercontinental ballistic missile, notifying the Russian government in advance of the launch.
While the Biden Administration has limited Ukraine’s use of ATACMS on Russian targets, Shoemaker observed since Russia’s 2022 invasion of Ukraine, President Vladimir Putin has repeatedly threatened nuclear war without taking action, relying instead on those threats as a deterrent.
“Putin has been using these nuclear weapons comments for the better part of three years now, and he’s not done anything with regard to it,” Shoemaker said. “So this is once again, him trying to send the message that I’m not bluffing, even though he’s bluffing.”
Edited by Sebastian Sinclair
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AI
Decentralized AI Project Morpheus Goes Live on Mainnet
Published
4 days agoon
November 19, 2024By
adminMorpheus went live on a public testnet, or simulated experimental environment, in July. The project promises personal AIs, also known as “smart agents,” that can empower individuals much like personal computers and search engines did in decades past. Among other tasks, agents can “execute smart contracts, connecting to users’ Web3 wallets, DApps, and smart contracts,” the team said.
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Data
Web3’s responsibility is to advance data privacy
Published
6 days agoon
November 16, 2024By
adminDisclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.
In the United States, 92 per cent of individuals reported concern over their privacy while using the internet, highlighting how recent massive data breaches and narratives around Big Tech data monetization have eroded internet users’ trust. This has been especially heightened by the rise of opaque artificial intelligence systems and evolving sociopolitical landscapes.
Gaps in regulation
While the European Union’s General Data Protection Regulation in 2018 set a benchmark as the first comprehensive legal act aimed at enhancing internet users’ privacy rights, it is not without its shortcomings.
GDPR and subsequent regulatory frameworks have largely been ineffective at enforcing and holding Big Tech companies, particularly Google and Meta, accountable for collecting and selling user data. Claims surrounding potential GDPR violations have reportedly taken years, sometimes more than four, to be handled. The delays stem from complex procedures involving multiple agencies and countries handling complaints against specific companies, creating significant backlogs and weakening the act’s ability to enforce and uphold its mandate.
In the United States, the absence of federal legislation on data protection has led numerous states to take matters into their own hands. The US’s patchwork regulatory reality may create more harm than good, as variations on specific matters create endless compliance complexities for businesses operating across numerous states.
Users then receive varying degrees of data protection based on their location at any given time. Furthermore, for small- and medium-sized businesses, developing individual compliance programs for individual state regulators heightens costs that limit their ability to compete with Big Tech and other large corporations.
Meanwhile, Big Tech has been throwing its weight around with intense lobbying efforts, claiming any sort of legislation with real teeth to it will undermine innovation. While this is a discussion worth having, companies whose business model is highly dependent on data-based ad revenue don’t want increased consumer data protections.
Despite heightened awareness surrounding the value and vulnerability of personal data privacy, centralized entities, in the form of Big Tech conglomerates and governments, hold powerful sway over our user data. Regulatory protections are usually welcomed, but the lack of transparency between the intentions of Big Tech and governments won’t repair the distrust many have toward both.
Web3’s heightened role
This is precisely where web3’s decentralized infrastructure can bypass centralized entities, whose interests may not align with most users, to provide a higher standard of data protection.
Blockchain—and web3 more broadly—have had countless iterations and use cases of its technology designed to try and build wealth through games, crypto schemes, or other avenues. However, many projects and developers are either missing or choosing to ignore the potential they have in protecting user data.
Thanks to blockchain’s inherent encryption technology and immutable ledger, some web3-based privacy projects are staking their claim as an alternative to the current web2 system that dominates online interactions to profit from ad revenue. One such example is tomi, a DAO-governed project that leverages web3’s data-preserving strengths to create a decentralized, privacy-focused “alternative internet.”
tomi’s modus operandi is to champion security, data privacy, and freedom of speech throughout its operations and product offering. This includes offering services that advance its mission in material ways—including a VPN, storage, and private messaging service for its users to safeguard their browsing and communications by leaning into web3’s capacity for data privacy. Since the project is governed by a community and works on a unified model to keep the familiarity and UX of web2, tomi’s focus lies in making decentralized technology as intuitive and accessible as possible.
The reality is that as much as regular users would like to take more steps to preserve their data privacy, they’re unlikely to take these measures if there’s any inconvenience involved. This simple fact creates an obstacle that many web3 infrastructure projects don’t feel comfortable trying to overcome.
So, what is the takeaway here? For one, web3 projects must take themselves more seriously as champions of data privacy and protection within a cratered regulatory landscape worldwide. By stepping in with alternatives for those who are concerned about both Big Tech and regulatory overreach, developers have a strong and compelling use case that won’t fizzle out during a market downturn. However, preserving privacy cannot come at the expense of UX, and this must remain at the forefront if projects ever want a significant user base to transition to web3.
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