Sybil attacks on blockchain networks have become a progressively problematic disgrace to the success of cryptocurrency networks. Governor DAO has recognized a non-invasive process to create a biometrically proven network of human based end-users who have established a municipal of correspondence to inspire communal growth. The following questions provide understanding of what sybil attacks are and the ways that Governor DAO’s Proof-of-Existence (PoE) token is aiming to fight these occurrences.
What is a Sybil attack?Sybil attacks are occurrences on computer network services by antagonists who disrupt or sabotage the integrity and efficiency of the network structure by generating large quantities of alternative accounts and using them to gain immense influence within the system's network.
What is Sybil resistance, and why is it important?Sybil resistance is a system of practice used to form a structure of verified users in a community who can only gain access to a municipality once. Verified users take part in “VIP” (human) reimbursements, while unverified users are excluded from participating in these communal paybacks. This practice encourages a fair, decentralized organization of unique persons to endorse civic growth for their respective communities without the distress of sybil attacks.
How does the blockchain keep sensitive data secure? Blockchain technology employs various arrangements of cryptography and computer networks to transfer and store sensitive metadata securely and efficiently. As more blockchain use cases develop and modernize, the importance of safeguarding compound data will depend on the end user's web3 proficiency, integrity, and verifiability.
Why are verifiable web3 wallets relevant? Verifiable web3 wallets allow for proof that the wallet is owned by an individual and not a bot or spammer. Malevolent persons or persuasive personalities often use strategies to upshot communities into their personal benefits. These circumstances have caused irreparable effects that leave communities and individuals harmed without compensation. Provably unique web3 wallets offer significant harm reduction against Sybil attacks.
How can web3 applications and blockchains benefit from Governor DAO PoE technology? By offering a non-invasive biometrics process from an end-user’s local device, Governor DAO is capable of creating a “provably unique” token to end-users who successfully verify themselves in the verification portal. Individuals who hold a Proof of Existence token in their web3 wallet have been verified as a ‘human’ user. Furthermore, the PoE token can only be hashed with the end-user’s data one time, ensuring that the Governor DAO community can provably verify VIP whitelists and benefits within their communities.
