The release of Linea Voyage XP (LXP) tokens of Consensys’ approach to increasing the capacity of the Ethereum Virtual Machine, Linea, has slowed down, stemming from an increase in Sybil activity. This is the act of people setting up several accounts to acquire benefits undeservingly. As a result, this has become a bottleneck, and especially as the significant token distributions are approaching, users are cloning wallets to meet the criteria for getting the tokens.
The LXP tokens are labeled as non-transferable and soulbound, meaning they cannot be transferred between different networks. Such tokens were intentionally penned for users who performed tests on Linea’s testnet events and its affiliated Entertainment Fest. These tokens can be acquired by those accounts that pass the authenticity test using on-chain attestation providers. Nevertheless, some people have discovered a way to cheat the system and illegally obtain these tokens, forcing Linea to take measures to invalidate the false attestations.
This case escalates the main difficulty in the crypto world, where eagerly expected airdrops frequently invite sharp methods like Sybil attacks. The word “Sybil” is derived from a novel about a woman with multiple personalities, which means the act of individuals creating numerous identities or accounts to take advantage of token distributions.
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On the other hand, LayerZero, a different blockchain organization, recently adopted a self-disclosure protocol to face the same problems. Therefore, the protocol mentioned above entices people who have participated in such actions to step forward voluntarily and honestly tell everything. In compensation, they will be entitled to 15% of the total tokens if the deadline is before May 17th. LayerZero’s method aims to provide a more just allocation of tokens; however, it has created divergent views among the cryptocurrency community.
Zach Rynes, also known as ChainLinkGod on Crypto Twitter, was one of the significant opponents of LayerZero’s policy. He argued that this company’s absence as a beneficiary in supplying its products to persons who airdrop the farms was a double standard. In his view, pairing farmers and protocols can test infrastructure and gather early traction on the market even during a period of low trading volume. His statements reflect the existing controversy about the importance and consequences of airdrop farming in cryptocurrency.
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The arrival of Sybil activity and the equality issue of token distribution mirrors the complex relations between transparency and fairness in blockchain technology. The development of these technologies has led to a split in the cryptocurrency community on how to effectively address and prevent exploitative actions while still upholding the decentralized principles of the blockchain industry.
