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The VerifiedX (VFX) Network the people’s network, a fully decentralized and deflationary layer 1 blockchain and Halborn, the award-winning blockchain cybersecurity firm, have announced a strategic partnership focused on strengthening the core security, audit transparency, and resilience of the VerifiedX protocol. The collaboration will encompass comprehensive auditing of all core code, including consensus mechanisms, peer-to-peer validator services, and the overall network security posture of the VerifiedX Layer 1 ecosystem. Ongoing Collaboration and Community Program Beyond initial audits, the partnership establishes a long-term joint security program that includes: Continuous code review and monitoring of future upgrades Smart-contract audits for ecosystem and projects building on VerifiedX A bug-bounty advisory program incentivizing community-driven vulnerability reporting Shared research and threat-intelligence collaboration for proactive security innovation “Security builds trust, and trust drives DeFi. Our partnership with VerifiedX reinforces the effort to make decentralized ecosystems and their blockchain foundations safer for everyone“ – Gabi Urrutia, SVP Security & Field CISO Partnering with Halborn ensures VerifiedX remains one of the most secure and transparently audited Layer 1 blockchains in the industry. The collaboration extends far beyond auditing code as it is creating an evolving standard of integrity and protection for the decentralized economy as the benchmark for security. About Halborn Halborn is the industry-leading blockchain security solutions firm for enterprise-grade digital assets, trusted by the top financial institutions and blockchain ecosystem leaders. Experience world-class, end-to-end security, from smart contract auditing and pen testing to advisory services and beyond. Halborn’s Past and current clients include Circle, Coinbase, Unisawp, Solana, Animoca Brands, and Grayscale among others. About VerifiedX VFX (VerifiedX.IO) is the people’s network, a next-generation decentralized protocol that is both a universal layer 1 and a Bitcoin specific sidechain / reliever chain, focused on trust, transparency, and deflationary economics. With a fully mined supply and all network fees burned, VerifiedX operates as a zero-inflation, asset-backed blockchain purpose-built for everyday users, third-party adoption, peer-to-peer finance, tokenized asset verification, and secure on-chain storage. The network’s native coin (VFX) can be accessed directly in-wallet, and enables minting of Verified Bitcoin Tokens (vBTC) with a 1:1 evergreen self-custodial peg coupled with smart contract utility and full asset recovery features for funds. Providing robust in-wallet and self-custodial options for everyday users to plan, transact, save, spend, borrow, and vault Bitcoin, VFX funds, and digital assets are the cornerstone of the VerifiedX ethos. As the first universal layer 1 and Bitcoin reliever chain, the network dramatically reduces costs of ownership and frictions for everyday users and integrators around the world and provides multiple layers of convenience, security, and self-custodial empowerment. Learn more at VerifiedX.io. For Further Halborn Inquiries: Website: https://www.halborn.com/ Twitter (X): https://x.com/HalbornSecurity LinkedIn: https://www.linkedin.com/company/halborn YouTube: https://www.youtube.com/c/Halborn Github: https://github.com/HalbornSecurity Email: [email protected] For Further VerifiedX Inquiries: Website: https://verifiedx.io/ Discord: https://discord.gg/7cd5ebDQCj Twitter (X)): https://twitter.com/vfxblockchain Github: https://github.com/verifiedxblockchain Email: [email protected]The VerifiedX (VFX) Network the people’s network, a fully decentralized and deflationary layer 1 blockchain and Halborn, the award-winning blockchain cybersecurity firm, have announced a strategic partnership focused on strengthening the core security, audit transparency, and resilience of the VerifiedX protocol. The collaboration will encompass comprehensive auditing of all core code, including consensus mechanisms, peer-to-peer validator services, and the overall network security posture of the VerifiedX Layer 1 ecosystem. Ongoing Collaboration and Community Program Beyond initial audits, the partnership establishes a long-term joint security program that includes: Continuous code review and monitoring of future upgrades Smart-contract audits for ecosystem and projects building on VerifiedX A bug-bounty advisory program incentivizing community-driven vulnerability reporting Shared research and threat-intelligence collaboration for proactive security innovation “Security builds trust, and trust drives DeFi. Our partnership with VerifiedX reinforces the effort to make decentralized ecosystems and their blockchain foundations safer for everyone“ – Gabi Urrutia, SVP Security & Field CISO Partnering with Halborn ensures VerifiedX remains one of the most secure and transparently audited Layer 1 blockchains in the industry. The collaboration extends far beyond auditing code as it is creating an evolving standard of integrity and protection for the decentralized economy as the benchmark for security. About Halborn Halborn is the industry-leading blockchain security solutions firm for enterprise-grade digital assets, trusted by the top financial institutions and blockchain ecosystem leaders. Experience world-class, end-to-end security, from smart contract auditing and pen testing to advisory services and beyond. Halborn’s Past and current clients include Circle, Coinbase, Unisawp, Solana, Animoca Brands, and Grayscale among others. About VerifiedX VFX (VerifiedX.IO) is the people’s network, a next-generation decentralized protocol that is both a universal layer 1 and a Bitcoin specific sidechain / reliever chain, focused on trust, transparency, and deflationary economics. With a fully mined supply and all network fees burned, VerifiedX operates as a zero-inflation, asset-backed blockchain purpose-built for everyday users, third-party adoption, peer-to-peer finance, tokenized asset verification, and secure on-chain storage. The network’s native coin (VFX) can be accessed directly in-wallet, and enables minting of Verified Bitcoin Tokens (vBTC) with a 1:1 evergreen self-custodial peg coupled with smart contract utility and full asset recovery features for funds. Providing robust in-wallet and self-custodial options for everyday users to plan, transact, save, spend, borrow, and vault Bitcoin, VFX funds, and digital assets are the cornerstone of the VerifiedX ethos. As the first universal layer 1 and Bitcoin reliever chain, the network dramatically reduces costs of ownership and frictions for everyday users and integrators around the world and provides multiple layers of convenience, security, and self-custodial empowerment. Learn more at VerifiedX.io. For Further Halborn Inquiries: Website: https://www.halborn.com/ Twitter (X): https://x.com/HalbornSecurity LinkedIn: https://www.linkedin.com/company/halborn YouTube: https://www.youtube.com/c/Halborn Github: https://github.com/HalbornSecurity Email: [email protected] For Further VerifiedX Inquiries: Website: https://verifiedx.io/ Discord: https://discord.gg/7cd5ebDQCj Twitter (X)): https://twitter.com/vfxblockchain Github: https://github.com/verifiedxblockchain Email: [email protected]

Halborn and VerifiedX Announce Strategic Partnership to Advance Layer 1 Blockchain Security and Audit Integrity

2025/10/16 10:30

PEOPLE$0,009426-1,26%

CORE$0,1246-3,70%

FUTURE$0,11858--%

The collaboration will encompass comprehensive auditing of all core code, including consensus mechanisms, peer-to-peer validator services, and the overall network security posture of the VerifiedX Layer 1 ecosystem.

Ongoing Collaboration and Community Program

Beyond initial audits, the partnership establishes a long-term joint security program that includes:

Continuous code review and monitoring of future upgrades
Smart-contract audits for ecosystem and projects building on VerifiedX
A bug-bounty advisory program incentivizing community-driven vulnerability reporting
Shared research and threat-intelligence collaboration for proactive security innovation

“Security builds trust, and trust drives DeFi. Our partnership with VerifiedX reinforces the effort to make decentralized ecosystems and their blockchain foundations safer for everyone“ – Gabi Urrutia, SVP Security & Field CISO

Partnering with Halborn ensures VerifiedX remains one of the most secure and transparently audited Layer 1 blockchains in the industry. The collaboration extends far beyond auditing code as it is creating an evolving standard of integrity and protection for the decentralized economy as the benchmark for security.

About Halborn

Halborn is the industry-leading blockchain security solutions firm

for enterprise-grade digital assets, trusted by the top financial institutions and

blockchain ecosystem leaders. Experience world-class, end-to-end security, from

smart contract auditing and pen testing to advisory services and beyond.

Halborn’s Past and current clients include Circle, Coinbase, Unisawp, Solana,

Animoca Brands, and Grayscale among others.

About VerifiedX

VFX (VerifiedX.IO) is the people’s network, a next-generation decentralized protocol that is both a universal layer 1 and a Bitcoin specific sidechain / reliever chain, focused on trust, transparency, and deflationary economics. With a fully mined supply and all network fees burned, VerifiedX operates as a zero-inflation, asset-backed blockchain purpose-built for everyday users, third-party adoption, peer-to-peer finance, tokenized asset verification, and secure on-chain storage.

The network’s native coin (VFX) can be accessed directly in-wallet, and enables minting of Verified Bitcoin Tokens (vBTC) with a 1:1 evergreen self-custodial peg coupled with smart contract utility and full asset recovery features for funds.

Providing robust in-wallet and self-custodial options for everyday users to plan, transact, save, spend, borrow, and vault Bitcoin, VFX funds, and digital assets are the cornerstone of the VerifiedX ethos. As the first universal layer 1 and Bitcoin reliever chain, the network dramatically reduces costs of ownership and frictions for everyday users and integrators around the world and provides multiple layers of convenience, security, and self-custodial empowerment.

Learn more at VerifiedX.io.

For Further Halborn Inquiries:

Website: https://www.halborn.com/

Twitter (X): https://x.com/HalbornSecurity

LinkedIn: https://www.linkedin.com/company/halborn

YouTube: https://www.youtube.com/c/Halborn

Github: https://github.com/HalbornSecurity

Email: [email protected]

For Further VerifiedX Inquiries:

Website: https://verifiedx.io/

Discord: https://discord.gg/7cd5ebDQCj

Twitter (X)): https://twitter.com/vfxblockchain

Github: https://github.com/verifiedxblockchain

Email: [email protected]

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The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…

BitcoinEthereumNews

2025/09/18 02:13

The Role of Blockchain in Building Safer Web3 Gaming Ecosystems

The gaming industry is in the midst of a historic shift, driven by the rise of Web3. Unlike traditional games, where developers and publishers control assets and dictate in-game economies, Web3 gaming empowers players with ownership and influence. Built on blockchain technology, these ecosystems are decentralized by design, enabling true digital asset ownership, transparent economies, and a future where players help shape the games they play. However, as Web3 gaming grows, security becomes a focal point. The range of security concerns, from hacking to asset theft to vulnerabilities in smart contracts, is a significant issue that will undermine or erode trust in this ecosystem, limiting or stopping adoption. Blockchain technology could be used to create security processes around secure, transparent, and fair Web3 gaming ecosystems. We will explore how security is increasing within gaming ecosystems, which challenges are being overcome, and what the future of security looks like. Why is Security Important in Web3 Gaming? Web3 gaming differs from traditional gaming in that players engage with both the game and assets with real value attached. Players own in-game assets that exist as tokens or NFTs (Non-Fungible Tokens), and can trade and sell them. These game assets usually represent significant financial value, meaning security failure could represent real monetary loss. In essence, without security, the promises of owning “something” in Web3, decentralized economies within games, and all that comes with the term “fair” gameplay can easily be eroded by fraud, hacking, and exploitation. This is precisely why the uniqueness of blockchain should be emphasized in securing Web3 gaming. How Blockchain Ensures Security in Web3 Gaming?

Immutable Ownership of Assets Blockchain records can be manipulated by anyone. If a player owns a sword, skin, or plot of land as an NFT, it is verifiably in their ownership, and it cannot be altered or deleted by the developer or even hacked. This has created a proven track record of ownership, providing control back to the players, unlike any centralised gaming platform where assets can be revoked.
Decentralized Infrastructure Blockchain networks also have a distributed architecture where game data is stored in a worldwide network of nodes, making them much less susceptible to centralised points of failure and attacks. This decentralised approach makes it exponentially more difficult to hijack systems or even shut off the game’s economy.
Secure Transactions with Cryptography Whether a player buys an NFT or trades their in-game tokens for other items or tokens, the transactions are enforced by cryptographic algorithms, ensuring secure, verifiable, and irreversible transactions and eliminating the risks of double-spending or fraudulent trades.
Smart Contract Automation Smart contracts automate the enforcement of game rules and players’ economic exchanges for the developer, eliminating the need for intermediaries or middlemen, and trust for the developer. For example, if a player completes a quest that promises a reward, the smart contract will execute and distribute what was promised.
Anti-Cheating and Fair Gameplay The naturally transparent nature of blockchain makes it extremely simple for anyone to examine a specific instance of gameplay and verify the economic outcomes from that play. Furthermore, multi-player games that enforce smart contracts on things like loot sharing or win sharing can automate and measure trustlessness and avoid cheating, manipulations, and fraud by developers.
Cross-Platform Security Many Web3 games feature asset interoperability across platforms. This interoperability is made viable by blockchain, which guarantees ownership is maintained whenever assets transition from one game or marketplace to another, thereby offering protection to players who rely on transfers for security against fraud. Key Security Dangers in Web3 Gaming Although blockchain provides sound first principles of security, the Web3 gaming ecosystem is susceptible to threats. Some of the most serious threats include:

Smart Contract Vulnerabilities: Smart contracts that are poorly written or lack auditing will leave openings for exploitation and thereby result in asset loss. Phishing Attacks: Unintentionally exposing or revealing private keys or signing transactions that are not possible to reverse, under the assumption they were genuine transaction requests. Bridge Hacks: Cross-chain bridges, which allow players to move their assets between their respective blockchains, continually face hacks, requiring vigilance from players and developers. Scams and Rug Pulls: Rug pulls occur when a game project raises money and leaves, leaving player assets worthless. Regulatory Ambiguity: Global regulations remain unclear; risks exist for players and developers alike. While blockchain alone won’t resolve every issue, it remediates the responsibility of the first principles, more so when joined by processes such as auditing, education, and the right governance, which can improve their contribution to the security landscapes in game ecosystems. Real Life Examples of Blockchain Security in Web3 Gaming Axie Infinity (Ronin Hack): The Axie Infinity game and several projects suffered one of the biggest hacks thus far on its Ronin bridge; however, it demonstrated the effectiveness of multi-sig security and the effective utilization of decentralization. The industry benefited through learning and reflection, thus, as projects have implemented changes to reduce the risks of future hacks or misappropriation. Immutable X: This Ethereum scaling solution aims to ensure secure NFT transactions for gaming, allowing players to trade an asset without the burden of exorbitant fees and fears of being a victim of fraud. Enjin: Enjin is providing a trusted infrastructure for Web3 games, offering secure NFT creation and transfer while reiterating that ownership and an asset securely belong to the player. These examples indubitably illustrate that despite challenges to overcome, blockchain remains the foundational layer on which to build more secure Web3 gaming environments. Benefits of Blockchain Security for Players and Developers For Players: Confidence in true ownership of assets Transparency in in-game economies Protection against nefarious trades/scams For Developers: More trust between players and the platform Less reliance on centralized infrastructure Ability to attract wealth and players based on provable fairness By incorporating blockchain security within the mechanics of game design, developers can create and enforce resilient ecosystems where players feel reassured in investing time, money, and ownership within virtual worlds. The Future of Secure Web3 Gaming Ecosystems As the wisdom of blockchain technology and industry knowledge improves, the future for secure Web3 gaming looks bright. New growing trends include: Zero-Knowledge Proofs (ZKPs): A new wave of protocols that enable private transactions and secure smart contracts while managing user privacy with an element of transparency. Decentralized Identity Solutions (DID): Helping players control their identities and decrease account theft risks. AI-Enhanced Security: Identifying irregularities in user interactions by sampling pattern anomalies to avert hacks and fraud by time-stamping critical events. Interoperable Security Standards: Allowing secured and seamless asset transfers across blockchains and games. With these innovations, blockchain will not only secure gaming assets but also enhance the overall trust and longevity of Web3 gaming ecosystems. Conclusion Blockchain is more than a buzzword in Web3; it is the only way to host security, fairness, and transparency. With blockchain, players confirm immutable ownership of digital assets, there is a decentralized infrastructure, and finally, it supports smart contracts to automate code that protects players and developers from the challenges of digital economies. The threats, vulnerabilities, and scams that come from smart contracts still persist, but the industry is maturing with better security practices, cross-chain solutions, and increased formal cryptographic tools. In the coming years, blockchain will remain the base to digital economies and drive Web3 gaming environments that allow players to safely own, trade, and enjoy their digital experiences free from fraud and exploitation. While blockchain and gaming alone entertain, we will usher in an era of secure digital worlds where trust complements innovation. The Role of Blockchain in Building Safer Web3 Gaming Ecosystems was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story