{"id":18855,"date":"2024-11-23T16:33:53","date_gmt":"2024-11-23T14:33:53","guid":{"rendered":"https:\/\/forklog.com\/en\/utonic-and-tonbit-forge-security-alliance-for-ton-and-telegram\/"},"modified":"2024-11-23T16:33:53","modified_gmt":"2024-11-23T14:33:53","slug":"utonic-and-tonbit-forge-security-alliance-for-ton-and-telegram","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/utonic-and-tonbit-forge-security-alliance-for-ton-and-telegram\/","title":{"rendered":"UTONIC and TonBit Forge Security Alliance for TON and Telegram"},"content":{"rendered":"<p>The restaking protocol UTONIC, in collaboration with experts from TonBit, has launched the Security Alliance initiative aimed at enhancing security within The Open Network (TON) ecosystem. As part of the partnership, developers have introduced a solution for decentralized storage of private keys based on <span data-descr=\"multiparty computation, \u043c\u043d\u043e\u0433\u043e\u0441\u0442\u043e\u0440\u043e\u043d\u043d\u0438\u0435 \u0432\u044b\u0447\u0438\u0441\u043b\u0435\u043d\u0438\u044f\" class=\"old_tooltip\">MPC<\/span> and <span data-descr=\"actively validated services, \u0441\u0435\u0440\u0432\u0438\u0441\u044b \u0430\u043a\u0442\u0438\u0432\u043d\u043e\u0439 \u0432\u0430\u043b\u0438\u0434\u0430\u0446\u0438\u0438\" class=\"old_tooltip\">AVS<\/span> technologies.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">? Introducing the TON Security Alliance: <a href=\"https:\/\/twitter.com\/UTONIC_uTON?ref_src=twsrc%5Etfw\">@UTONIC_uTON<\/a> x <a href=\"https:\/\/twitter.com\/tonbit_?ref_src=twsrc%5Etfw\">@tonbit_<\/a> x <a href=\"https:\/\/twitter.com\/ParticleNtwrk?ref_src=twsrc%5Etfw\">@ParticleNtwrk<\/a> x <a href=\"https:\/\/twitter.com\/PinkPunkBotEN?ref_src=twsrc%5Etfw\">@PinkPunkBotEN<\/a> <\/p>\n<p>Together, we\u2019re redefining safety with:<br \/>\u2705 MPC for private keys<br \/>\u2705 AVS for asset snapshots &#038; insurance<br \/>\u2705 Decentralized tools for TON &#038; Telegram apps<\/p>\n<p>? Full details:\u2026 <a href=\"https:\/\/t.co\/5eGSWHWFmQ\">pic.twitter.com\/5eGSWHWFmQ<\/a><\/p>\n<p>\u2014 UTONIC (@UTONIC_uTON) <a href=\"https:\/\/twitter.com\/UTONIC_uTON\/status\/1859612334731428317?ref_src=twsrc%5Etfw\">November 21, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On November 16, the Telegram bot for trading meme tokens, DEXX.ai, <a class=\"tracking_link\" href=\"https:\/\/x.com\/DEXXai_EN\/status\/1857830993656418763\" target=\"_blank\" rel=\"noopener\">suffered<\/a> a server hack, resulting in users losing funds. According to UTONIC representatives, the incident highlighted the vulnerability of Telegram applications that rely on centralized asset storage methods.<\/p>\n<p>The <a class=\"tracking_link\" href=\"https:\/\/utonic.org\/home\" target=\"_blank\" rel=\"noopener\">UTONIC<\/a> solution divides users&#8217; private keys into three shards, stored on:<\/p>\n<ol class=\"wp-block-list\">\n<li>The user&#8217;s device.<\/li>\n<li>The trading platform.<\/li>\n<li>The UTONIC AVS network.<\/li>\n<\/ol>\n<p>Each transaction requires a 2-of-3 multisignature. In the event of a user&#8217;s wallet loss, UTONIC AVS can act as a trusted layer for asset withdrawal or private key replacement.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcozHh5gczsGYWY2PsDFkYyxaytr3q6WWVtw4y2eiPv1YGAr7Eeul3SV3RHtDQXngHjzP_STP2soZq8DJBT0NlT0lIsCStBy4F5tiMlkjQjg_xosbyy7RS6om_IkPrT4fYUGXxClg?key=yLKtL9M-N2UOdFv0GdDAtmLq\" alt=\"UTONIC and TonBit Forge Security Alliance for TON and Telegram\"\/><figcaption class=\"wp-element-caption\">Data: <a class=\"tracking_link\" href=\"https:\/\/utonic.org\/home\" target=\"_blank\" rel=\"noopener\">UTONIC<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis approach ensures that private keys are stored in a decentralized manner and cannot be exported by a single party. Additionally, trading bots can contribute funds to UTONIC restaking pools to provide insurance for compensating users for AVS-related losses,\u201d the press release states.<\/p>\n<\/blockquote>\n<p>The UTONIC protocol supports the security of the AVS network through:<\/p>\n<ul class=\"wp-block-list\">\n<li>Periodic asset snapshots;<\/li>\n<li><span data-descr=\"application programming interface, \u043f\u0440\u043e\u0433\u0440\u0430\u043c\u043c\u043d\u044b\u0439 \u0438\u043d\u0442\u0435\u0440\u0444\u0435\u0439\u0441 \u043f\u0440\u0438\u043b\u043e\u0436\u0435\u043d\u0438\u044f\" class=\"old_tooltip\">API<\/span> that allows projects in the TON\/Telegram ecosystem to selectively scan and verify modules critical to their operations.<\/li>\n<\/ul>\n<p>The UTONIC AVS service can be utilized in the creation of gaming and financial applications.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWith a random number generator and decentralized storage of in-game points, AVS minimizes centralization-related risks. In finance, the network provides decentralized storage of MPC wallets, orders, and price oracle operations,\u201d project representatives commented.<\/p>\n<\/blockquote>\n<p>Within the Security Alliance, TonBit and UTONIC experts conduct audits of TON-based projects and implement AVS to ensure their secure operation. The organization also includes the trading bot PinkPunk and multichain solutions developer Particle Network.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are pleased to see all ecosystem participants, including trading bots, adopting custodial and non-custodial MPC solutions. Centralized storage carries significant risks, so it is crucial to employ the best available technologies to create secure services as soon as possible,\u201d commented Particle Network CEO Pengyu Wang.<\/p>\n<\/blockquote>\n<p>Previously, the UTONIC protocol launched uTON, a restaking program on the TON blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The restaking protocol UTONIC, in collaboration with experts from TonBit, has launched the Security Alliance initiative aimed at enhancing security within The Open Network (TON) ecosystem. As part of the partnership, developers have introduced a solution for decentralized storage of private keys based on MPC and AVS technologies. ? Introducing the TON Security Alliance: @UTONIC_uTON [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1263,1364],"class_list":["post-18855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-restaking","tag-the-open-network"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18855"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18854"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}