This edition includes:the announcement of our plans for a Security Index Token, our participation in Summit X, and an update for the MoonMath Manual.
Least Authority Plans Launch of Security Token Index
Least Authority would like to announce the creation of the “Least Authority Security Index”, a tokenized collection of our most security-dedicated clients.
This index will provide diversified exposure to crypto assets that have a high security rating, showing their commitment to high standards of security, as determined by Least Authority based on the objective evaluation of the results of our security audit.
Projects of Least Authority´s clients will be eligible to be included in the index if they fulfill several basic criteria and, additionally, meet a certain security rating as determined by Least Authority based on the objective evaluation of the results of the respective security audit, in addition to publishing the report for full transparency of our assessment. The exact methodology for inclusion in the index, including the calculation of security rating will be made public.
The first iteration of the Index is planned for launch in mid-2023 and will be limited to institutional investors. The Index calculation will be managed independently by an approved service provider. We will monitor the outcome and then we will expand the offering to retail investors.
Read more about the upcoming Security Index in our blog.
TechStorm Summit X - Singapore
Photo credit: Summit X
Liz Steininger, CEO Least Authority, traveled to Singapore to participate on two different panels as a part of the inaugural Summit X by TechStorm. Senior executives, investment professionals, and deep tech researchers from 15 countries, including the United States, United Kingdom, Germany, Japan, India, Hong Kong, and ASEAN countries were in attendance. Nearly 70 speakers participated in panel discussions on generative AI, digital transformation, fintech emerging trends of Web 3, blockchain, Esports, and the world of venture investments, IPOs, and SPACs.
On May 3rd, Liz engaged with Prof. David Lee Kuo Chuen, Chairman, Global Fintech Institute Professor, SUSS, for "Security and Its Impact on Market Performance of Tokens". They discussed assessing commitments to security, how the Security Index works, and Web3 Security Index for Portfolio Allocation.
The relationship between Web3 security and market performance of tokens is complex and multifaceted. With investors and users in the cryptocurrency market becoming increasingly (and for some, painfully) aware of the importance of security, security audits and other review tools become more important for identifying potential vulnerabilities before they cause costly losses. The focus on security improvements also helps developers to take corrective measures to generally improve the applications (DApps) and blockchain networks beyond the security of their users' funds and data. There are unexplored connections between these security efforts and the performance of the tokens in the market.
The following day, Liz was on a panel for "Security and Responsibility: How FinTech & Digital Assets Establish Trust" and had an intriguing discussion with Manoj Vembu of Rubix Network, Preetam Rao of Quillaudits, and Ryan Lum of Beosin. The panel covered the key aspects of hacks in the industry, along with exploring how trust can be established in the industry to support the expanded interactions with digital assets.
Least Authority Team Members Discuss Important Privacy Topics
We took some time to engage with a number of our team members to discuss topics like "Privacy vs Transparency" and "Zero-Knowledge Technology". These are important to us both as individuals and as part of a team that works towards digital rights and unlocking the power that cryptography plays in privacy enhancing technologies.
Updated version of The MoonMath Manual to zk-SNARKs
Version 1.1.1 of The MoonMath Manual is available for download. This free resource is for for anyone interested in understanding and unlocking the potential of zk-SNARKs.
Most explanations struggle to clarify how and why they work, so zk-SNARKs remain somewhat “magical” and elusive, deterring developers from exploring or utilizing them in projects. Resources are scattered across blog posts and GitHub libraries.
The MoonMath Manual is designed to enable users to construct zk-SNARKs using simple pen-and-paper computations. Throughout the manual, users are encouraged to complete exercises that ensure they engage with the foundational building blocks of zk-SNARKs.
As firm believers in the protection of our users’ privacy, we developed PrivateStorage as a private, secure and end-to-end encrypted storage solution that minimizes the collection of data related to its users. PrivateStorage implements privacy and security by design, not by policy. We cannot see your data when it is stored by us.