China exchange Binance adds Monaco (MCO) tokens

The newly launched China-based blockchain asset exchange Binance adds Monaco (MCO) tokens
16 August 2017   4244

The newly launched China-based blockchain asset exchange Binance gives support to Monaco (MCO) tokens. Notably, Binance is the first exchange in China to do so. The company will list MCO token on Wednesday, August 23rd.

Monaco (MCO) on coinmarketcap.com Monaco (MCO) on coinmarketcap.com

Deposits and withdrawals of the MCO token on Binance.com will be enabled from 3:00 pm HKT on Tuesday, August 22nd. The trading will officially begin at 3:00 pm HKT on Wednesday, August 23rd.

Since the successful closing of our token sale earlier this June, our team received thousands of inquiries from Chinese users regarding a local listing of the MCO token. Today, we are thrilled to partner with Binance to enable Monaco users in China to trade the MCO token conveniently and securely. Binance’s founding team built one of the most advanced trading engines in the market using their extensive industry experience – as a result, they reached the top 10 global digital asset exchanges by trading volume within 30 days of launch.
 

Kris Marszalek
Co-founder and CEO of Monaco

The Binance representative, Changpeng Zhao, also highlights the importance of the adding MCO tokens:

We are supportive of Monaco’s vision to bring cryptocurrency to every wallet. Monaco is perfectly aligned with Binance’s mission to allow everyone to exchange digital assets seamlessly. Most importantly, the cryptocurrency community needs initiatives that will drive adoption globally and we are confident in Monaco team’s ability deliver a fantastic product.
 

Changpeng Zhao
CEO of Binance

Other exchanges, including Bittrex, Liqui, Gatecoin, and Livecoin, are also carrying the MCO token.

 
 

Potentional Vulnerabilities Found in ETH 2.0

Least Authority have found potentional security issues in the network P2P interaction and block proposal system
26 March 2020   903

Technology security firm Least Authority, at the request of the Ethereum Foundation, conducted an audit of the Ethereum 2.0 specifications and identified several potential vulnerabilities at once.

Least Authority said that developers need to solve problems with vulnerabilities in the network layer of peer-to-peer (P2P) interaction, as well as in the block proposal system. At the same time, the auditor noted that the specifications are "very well thought out and competent."

However, at the moment there is no large ecosystem based on PoS and using sharding in the world, so it is impossible to accurately assess the prospects for system stability.
Also, information security experts emphasized that the specifications did not pay enough attention to the description of the P2P network level and the system of records about Ethereum nodes. Vulnerability risks are also observed in the block proposal system and the messaging system between nodes.

Experts said that in the blockchains running on PoS, the choice of a new block is simple and no one can predict who will get the new block. In PoS systems, it is the block proposal system that decides whose block will fall into the blockchain, and this leads to the risk of data leakage. To solve the problem, auditors suggested using the mechanism of "Single Secret Leader Election" (SSLE).

As for the peer-to-peer exchange system, there is a danger of spam. There is no centralized node in the system that would evaluate the actions of other nodes, so a “malicious" node can spam the entire network with various messages without any special punishment. The solution to this problem may be to use special protocols for exchanging messages between nodes.