Cyber attack delays IO token launch, plans pushed back two weeks

TLDR:

Key Points:

• Decentralized computing provider io.net postponed the launch of its $IO token after a cyber attack.
• The cyber attack on Solana-based io.net highlighted the vulnerability of traditional DePIN systems.

In a recent cyber attack on the decentralized computing project io.net, almost two million fake GPUs were used to mimic genuine GPUs, leading to the network recognizing them as legitimate and spending incentive program rewards on fake servers. This incident underscored the vulnerability of Decentralized Public Infrastructure Networks (DePINs) in general, highlighting the need for improved security measures.

Super Protocol, a Web3 cloud computing solution, leverages Trusted Execution Environments (TEEs) to provide secure computational environments within CPUs or GPUs. TEE technology protects the execution environment from external influences and ensures the authenticity and soundness of the environment, even if the hardware or operating system is compromised.

Private keys used in TEEs are generated randomly or pseudorandomly with high complexity and entropy, making them hack-resistant. These keys are manufactured with a hardware root of trust, physically embedded into the TEE, making them unextractable and unchangeable. TEEs create a secure island of safety within the Web3 environment.

The future of DePIN lies in self-sovereign computing, with Super Protocol developing Web3 cloud solutions governed by smart contracts and a marketplace for AI solutions and data providers. Potential developments include Super Domain technology, which would hybridize computational networks by dividing them into nodes managed by Super Domains.

Disclaimer: This is a sponsored press release for informational purposes only and does not constitute legal, tax, investment, or financial advice.