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Cornell University Breakthrough: Liquefaction Technology Challenges Blockchain Private Key Control Assumptions
The researchers at Cornell Tech have introduced a cutting-edge use case that challenges a core assumption of Blockchain security: only Private Key holders can control digital assets. The application, named “Take My Ape,” utilizes a process called “Liquefaction,” allowing users to temporarily access Blockchain assets (such as Bored Ape NFT) without actually owning these assets. The project was launched on June 11 to celebrate the 10th anniversary of the Initiative for Cryptocurrencies and Contracts (IC3).