Forwarded from QuarkChain Community
🚨 The $1.5B Bybit Attack Exposed a Major Web3 Vulnerability – Here’s How to Fix It
The attack on Bybit exploited centralized frontend infrastructure, proving that Web3 is not truly decentralized unless the frontend is on-chain.
web3:// changes the game. By fully hosting frontends on-chain, it ensures:
✅ Integrity – Cannot be modified without the contract owner’s explicit action.
✅ Transparency – Any changes to the frontend are made through on-chain transactions, ensuring a public, immutable change history.
✅ Availability – Leveraging Ethereum’s network, the frontend achieves the same level of uptime as the blockchain itself — virtually 100% since genesis.
QuarkChain is building the Super World Computer, which uses web3:// to allow seamless navigation of on-chain resources. Let's secure Web3 together. 🌐
🔗 Read more: https://quarkchainio.medium.com/avoiding-the-1-5-billion-bybit-attack-with-web3-access-protocol-web3-c318b50c9155
#SuperWorldComputer #web3protocol #QuarkChain #BybitHack
https://x.com/Quark_Chain/status/1895723957938159946
The attack on Bybit exploited centralized frontend infrastructure, proving that Web3 is not truly decentralized unless the frontend is on-chain.
web3:// changes the game. By fully hosting frontends on-chain, it ensures:
✅ Integrity – Cannot be modified without the contract owner’s explicit action.
✅ Transparency – Any changes to the frontend are made through on-chain transactions, ensuring a public, immutable change history.
✅ Availability – Leveraging Ethereum’s network, the frontend achieves the same level of uptime as the blockchain itself — virtually 100% since genesis.
QuarkChain is building the Super World Computer, which uses web3:// to allow seamless navigation of on-chain resources. Let's secure Web3 together. 🌐
🔗 Read more: https://quarkchainio.medium.com/avoiding-the-1-5-billion-bybit-attack-with-web3-access-protocol-web3-c318b50c9155
#SuperWorldComputer #web3protocol #QuarkChain #BybitHack
https://x.com/Quark_Chain/status/1895723957938159946
Medium
Avoiding the $1.5 Billion Bybit Attack with Web3 Access Protocol (web3://)
What Happened?