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Layer 1 Foundation: Advancing BRC 20 Token Standards

Establishing Trust in BRC 20: The Layer 1 Foundation's Mission In the ever-evolving landscape of blockchain technology, the introduction of new standards can often lead to confusion and mistrust. Recently, the formation of the Layer 1 Foundation marks a significant step toward ensuring a reliable and transparent framework for the BRC 20 fungible token standard. This coalition of Bitcoin developers is poised to foster an environment where innovation thrives alongside safety and simplicity. Key Objectives of the Layer 1 Foundation The Layer 1 Foundation has outlined several critical goals that are essential for the successful deployment and governance of the BRC 20 token standard: Simplicity in Technical Architecture : A streamlined approach will be prioritized to facilitate easier integration and utilization of the BRC 20 standard. This simplicity is expected to attract a broader range of developers and users, enhancing overall adoption. Safety-First Approach : The founda...

Insomniac Games Cyberattack: Sensitive Data Compromised and Future of Wolverine Game in Question

Over a week after the cyberattack on Insomniac Games, the studio has finally issued a public statement addressing the incident. In a tweet shared on Friday, the studio expressed both sadness and anger regarding the attack and acknowledged the emotional toll it has taken on their development team. Insomniac Games also confirmed that sensitive employee data, contractor data, and details about its upcoming Wolverine game were revealed as part of the attack. However, the studio remains resilient and stated that the game will continue as planned. It is worth noting that Sony, the parent company of Insomniac Games, previously stated that it did not believe any of its other divisions were impacted by the attack. The hacker group responsible for the attack, known as Rhysida, demanded a ransom payment of approximately $2 million worth of Bitcoin, which Sony and Insomniac Games did not appear to have paid. As a result, the stolen data was subsequently leaked, with a portion reportedly sold to unknown buyers and the majority released to the public.

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