WITNESS CHAIN

DESCRIPTION OF EVENTS

"Unification of DePIN unlocks a shared & collaborative economy for siloed physical infrastructure assets like compute, networks, storage, energy, etc. This is achieved through a unified, trust-free, de-centralized workflow to verify their physical attributes and converted it into digital proofs on the blockchain."

"The [Witness Chain] DePIN coordination layer (DCL) is a unification layer that translates unverified physical attributes of DePIN (De-centralized Physical Infrastructure Networks) networks into measured, verifiable digital proofs. These proofs can later be attested/challenged and consumed by different apps or DePIN chains themselves to build new products and services."

"Sharing state information can enable the development of new services and products on top of the DePIN assets. DePIN projects can achieve better discoverability, bootstrap their economy and get access to a wide range of financial instruments."

"Sharing state information allows apps to have a real-time view of the resources available across the network. This visibility enables optimal allocation of tasks based on resource availability, reducing wastage and improving the efficiency of resource utilization for the DePIN assets."

"Access to comprehensive state information enables providers to identify trends and patterns, which can drive innovation. App builders can develop new services or improve existing ones based on the insights gained from the shared data."

"PSA @witnesschain discord server has been hacked, please do not click on any links posted there! We're working to recover it!"

"The official Witness Chain Discord has been hacked. Please do not click on any links until the situation is resolved."

"The server has been recovered and fixed!"

Witness Chain and the DePin Coordination Layer enable finding, sharing, and using blockchain assets in the best way possible, even across multiple chains. On August 30th, Pankaj Agarwal noted and reported that the official Discord server for the project had been breached. The server was restored within an hour. Despite mentions of malicious links being posted, there are no indications that any funds were lost.

SlowMist Hacked - SlowMist Zone (Sep 25)
@Shankusu993 Twitter (Sep 26)
@Shankusu993 Twitter (Sep 26)
Witness Chain Watchtowers (Sep 26)
Introduction to Witness Chain | Witness Chain (Sep 26)
@witnesschain Twitter (Sep 26)

More case studies

Orderly Network Discord
Server Compromised

Powerledger Telegram
Channel Permanently Lost