Cryptocurrencies

EigenLayer has implemented additional security functionality for its EigenDA data availability service on

EigenLayer has implemented an additional security feature for its EigenDA data availability service on the Ethereum mainnet to prevent Sybil and DDoS attacks.

From EigenDA’s post

ECDSA authentication is an encryption method for verifying the identity of a user, device or system. It is based on the principles of public key cryptography and uses elliptic curve cryptography to ensure secure authentication.

Safety feature

By integrating this security measure, EigenLayer seeks to protect its service while ensuring its availability to all customers.

The current free tier offers generous throughput of up to 768 KB per 10-minute window, far exceeding the needs of the busiest pooling operations on Ethereum. For example, Base, a popular accumulator, uses less than 2 pips every 10 minutes, making EigenDA’s free tier more than enough to meet today’s requirements.

Source: Legenda

Additionally, EigenDA allows partners to request increased throughput outside of the free tier, providing a flexible solution for high-demand use cases.

Through the partner registration page, interested parties can work closely with EigenDA to customize their data needs, ensuring support for a wide range of applications and innovations requiring high-throughput capabilities.

EigenDA generates a synthetic load of 0.6 MB/s and achieves a maximum throughput of 10 MB/s on the mainnet.

Related: Eigen Labs Acquires Rio Network, Unlocks LRT Code

EigenLayer is also working on implementing permissionless pushes for high blob throughput on EigenDA, which is scheduled for release by the end of this year. This feature will allow users to reserve bandwidth at a fixed rate to meet high throughput requirements.

Clean distribution of tokens

The EIGEN Foundation has begun the second phase of EIGEN stake reduction, an important step in the project’s token distribution roadmap. This phase represents the culmination of the first season and contributes to the total distribution of 113 million EIGEN tokens, representing 6.7% of the supply allocated to the stake reduction.

Once claimed, tokens will be temporarily locked until the end of Q3 2024, preventing transfers. However, users can still participate in signing and authorization activities with EigenDA Operators through the EigenLayer web portal.

EigenLayer, launched on the Ethereum mainnet in April 2024, has accumulated over $12 billion in deposits. The platform unlocks new proofs of project ownership using a broader network of trust, ignoring the need for separate security solutions.

review: Polygon never planned to beat Ethereum: Anurag Arjun, X Hall of Flames

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