EigenLayer aims to safeguard its service while ensuring that it is accessible to all customers by implementing this security feature. To thwart Sybil and DDoS assaults, EigenLayer has added an extra layer of security to its EigenDA data-availability service on the Ethereum mainnet. In order to provide improved security and safe access to the service, this whitelist security precaution, according to the EigenDA’s X post announcement, uses either an IP address or an Ethereum address Elliptic Curve Digital Signature Algorithm (ECDSA) authentication.
A cryptographic technique called ECDSA authentication is used to confirm the identity of a user, device, or system. To provide safe authentication, it makes use of elliptic curve cryptography, which is founded on the ideas of public-key cryptography.
EigenLayer aims to safeguard its service while ensuring that it is accessible to all customers by implementing this security feature. Even the busiest rollups on Ethereum cannot match the substantial throughput of up to 768KB every 10-minute window provided by the current free tier.
For example, the well-known rollup Base consumes less than two blobs every ten minutes, therefore EigenDA’s free tier is more than enough to handle demand right now. EigenDA also gives partners the option to request throughput over and above the free tier, offering a flexible solution for use cases with high demand.
Prospective partners can work directly with EigenDA to customise their data requirements through the partner registration page, guaranteeing support for a variety of applications and breakthroughs that demand high-throughput capabilities.
On the mainnet, EigenDA can achieve peak throughputs of up to 10 MB/sec and generate synthetic loads of up to 0.6 MB/sec. In addition, EigenLayer is working on integrating permissionless payments for blob throughput on EigenDA, which should be available by year’s end. In order to accommodate high throughput needs, this functionality will allow users to reserve bandwidth at a predetermined rate.
An important step in the project’s token distribution strategy has been reached with the start of the second phase of the EIGEN stake drop by the Eigen Foundation. This stage completes Season 1 and adds 113 million EIGEN tokens to the total distribution, or 6.7% of the total supply allotted for stake drops. Tokens cannot be transferred once they are claimed since they will be momentarily locked until the end of Q3 2024.
Through the EigenLayer online interface, users can still participate in staking and delegation actions with EigenDA operators. After becoming live on the Ethereum mainnet in April 2024, EigenLayer has already received over $12 billion in deposits. By using a larger trust network, the platform makes new proof-of-stake projects possible and eliminates the need for additional security solutions.