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30 June 2023
Hi NUMBERS, This is Tammy writing the summary letter on the last Friday of the month. Before we talk about the achievements, I want to first share our views on the recent Discord hacking event that happened on 29th June.
- 13:53 UTC - Suspicious message found by moderators and reported
- 13:56 UTC - We took action and tried to communicate with the hacked account. All channels were deleted right after.
- 13:57 UTC - All admins were removed
- 16:05 UTC - We started the rebuilding process of the Discord
- 18:12 UTC - Major channels were recovered and moderators were also back on duty
All admins have 2FA enabled with strong passwords, however, the accounts were still hacked. Currently, we are talking to Discord and investigating the root cause of this Discord hacking, but this also shows how insecure Web 2.0 infrastructure is. Traditional Web 2.0 servers and services are centralized, meaning control and responsibility for data and account security rests with the service provider. Unfortunately, this centralization leads to a significant loss of control for individual users. In case of a security breach, as has happened in our scenario, sensitive data can be manipulated, destroyed or even stolen without the data owner's consent or knowledge. This situation not only compromises personal privacy but also business confidentiality, highlighting the inherent insecurity and risk of relying on centralized systems.
On the other hand, Web 3.0 and protocols such as Numbers Protocol represent a revolutionary shift in the digital landscape, with a focus on decentralization and user ownership of data. No technology is perfect, but Web 3.0 ensures that data isn't controlled by a single, vulnerable server but is instead spread across a network of nodes and controlled by users ourselves. This also echos the core vision of Numbers Protocol to provide a way to ensure data authenticity and traceability, by attaching immutable metadata to digital content, making it tamper-proof and traceable in a decentralized network. For now, we still need to rely on the Web 2.0 infrastructure for communicating, emailing and some operational activities. However, we look into the future where data management can be improved and the control over our identity and data on the internet can be returned to individuals.
June is definitely a fruitful month for us in terms of business development. Farfetch program, London Tech Week, Viva Tech in Paris and many business activities can be found in this summary article. This week, we have opened a new chapter of the collaboration with Infiom, the firm behind Founder's Academy supported by BNB Chain. Infiom has a long history of supporting companies to build business collaborations with TV, entertainment and metaverse industries. This collaboration will support us to increase the adoption of Numbers Mainnet and $NUM in a very fast and efficient way.
In the DAO and community side, the 4th DAO meeting has concluded with a decision to gradually migrate from permissioned PoS to permissionless PoS with delegation support. You may find the early community review here. The summary of the DAO voting results will come soon and shared on Github. Besides, we have heard your request for an improved Mainnet $NUM staking pool. It is important that you take a look and participate in the discussion of the quadratic Mainnet staking proposal. Share your feedback and let's make Numbers Protocol better together.
Same as every weekend, the team will take some rest with a slower response. Our dear moderators will keep supporting you, and the team will be well-prepared for the new week.
Cheers & Wish you have a nice weekend, Tammy