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Sible Network suspends three-account mining plan after Sybil concerns

Reported by Olivia Stephanie, crypto.news

Image: crypto.news

Sible Network has suspended its proposed multi-account mining feature less than a day after announcing it, following community concerns about fake accounts, unfair rewards and potential Sybil attacks. Sible Network has suspended its proposed three-account-per-device mining feature following complaints from users and ambassadors. The November 1 proposal would have allowed three different individuals to mine SIB tokens using one smartphone. Community members warned that the arrangement could encourage fake accounts, reward farming and unfair mining practices. Sible reaffirmed its "One Person = One Account" policy on November 2, prohibiting individuals from operating multiple accounts.

This is an excerpt. The reporting belongs to crypto.news.

Read the full report on crypto.news

Also carried by TokenPost, Coinotag, DeFi Planet

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