On February 3, 2022, Wormhole, one of the largest bridges between blockchains and the main bridge connecting Ethereum and Solana, was hacked and 120,000 ETH, about 3.2 One hundred million U.S. dollars.
Since the birth of DeFi, it has been accompanied by countless risks. Although the value of many DeFi projects has been explosively doubling, hacking incidents have also intensified. According to Rekt data, there will be 161 hacking incidents in the DeFi field in 2021, with losses as high as US$1.86 billion, a year-on-year increase of nearly 1,000%. Financial security issues such as malicious cheating series of supervisory nodes and hacker attacks cannot be ignored.
JUAN is a decentralized finance (DeFi) platform initiated by IPFS Mining DAO, which provides a next-generation financial model and allows users to conduct more secure financial interactions on the blockchain.
As the leading project of DeFi 3.0, it is completely different from the previous decentralized financial platforms. Its self-developed Alloy 3 technology has enhanced the regulatory rules of the protocol and brought a new breakthrough in DID+P2P technology for transaction security. The “ZKP zero-knowledge proof” and “multi-signature” technologies included in Alloy 3 greatly enhance the security of smart contracts. When conducting a transaction, the loan contract wallet requires two of the three parties to provide private key authorization to call the contract. According to the smart contract rules, it would require all 10 custodian nodes to collude with the borrower, assuming common cheating or fraud, and the probability of this happening is almost zero.
JUNE not only has a solid technical implementation plan, but also has a keen market insight and a mature operating strategy. In JUAN, users can interact directly, which means that no human intervention is required, making financial interactions more robust and efficient.
It is believed that JUNE will create a financial system that is truly owned by users, rather than being built, operated and controlled by a few large technology companies, to create a solid foundation for WEB3. An era that belongs to JUNE!