Civic Provide Solutions to Combat Bot Wars
The Solana network, which was built for quick, low-cost transactions went down for 17 hours last September. The GRAPE token auction on Raydium, a decentralised exchange, was hacked by a group of bots, or software programmes used by crypto traders to execute automated trades. Even though the bots were aimed to outmanoeuvre other dealers rather than bring the network down, the Solana Foundation described it as “essentially a denial of service attack.”
Bots aren’t just a problem for exchanges; they may also be used to make NFT bids. Civic, a San Francisco-based decentralised identity protocol, today announced the launch of Ignite Pass, a free version of its Civic Pass, to address this growing concern. According to Civic, non-fungible token (NFT) buyers will be required to demonstrate their “liveness” in order for drops and mints to maintain a fair and transparent community.
Bots are a “nuisances” that “damage the trust that communities have created,” according to Civic Technologies CEO Chris Hart. “Civic feels that a more level playing field helps everyone,” Hart wrote in an email to Decrypt. “We see an opportunity to help with guardrail implementation in areas where bots are wreaking havoc on NFT platforms.”
The purpose is to have users show they are not a bot, similar to Google’s reCaptcha and Human Protocol’s hCaptcha. Civic believes that doing so will prevent the network from becoming overburdened, as it did in September when bots flooded the low-cost network with over 400,000 transactions per second for Grape’s first decentralised exchange offering.
“We think it is important that genuine supporters of NFT projects control the marketplaces and not bots,” Hart said. “So our goal in distributing tools like Civic Ignite Pass for free, is to help cut the growing threat off at the pass and allow users to focus on creating and collecting art.”
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