Creating cryptocurrencies blockchain technologyaims to transition to a decentralized system with Web3. DARPA On the other hand, a report targeting blockchain, which is presented with promises such as immutability, transparency and efficiency, came. The agency said crypto platforms should be questioned.
DARPA: Blockchain and cryptocurrencies are not what it seems
Known for developing new technologies for the US military, DARPA said that blockchain technology is as “central and immutableHe suggests that it might not be. DARPA’s research, citing cryptocurrencies as an example, shows that few people can have excessive power over the entire ecosystem.
Research conducted by DARPA’s Trail of Bits revealed some remarkable results. The report has identified three internet service providers worldwide over the past five years. Bitcoin traffic showed that he controlled 60 percent of it.
It should be noted that the report presented by Trail of Bits does not make any criticism of blockchain or cryptocurrencies. Expressing that the technology is cryptographically secure, DARPA responsible for overseeing the blockchain your mechanisms are defective stated that.
According to DARPA, temporary changes implemented in blockchain software can alter transactions, leading to decentralization. In addition, platforms that control most of a particular chain increase the likelihood of using the services for their own benefit.
Trail of Bits also studied the Bitcoin network. Research, largest cryptocurrency revealed that 21 percent of the chains in which it is encrypted run on vulnerable, old kernels.
old in relation to web3 From Twitter CEO Jack Dorsey similar statements were made. Dorsey stated that Web3 is “a centralized organization presented under a new pseudonym.” Elon Musk’s Let us remind you that they do not have bright ideas for Web3.
So what do you think about this subject? Do not forget to share your views with us in the comments section!