Technology

.bit Reveals .bit Alias to Help Users Avoid Risks of Using Decentralized Identifiers for Certain Asset Transactions

Published

3 years ago

April 18, 2023

SINGAPORE, April 18, 2023 /PRNewswire/ — .bit (“the Company”), an open-source Web3 identity provider of permissionless decentralized identifiers, has followed up its recent warning about the risks surrounding the usage of decentralized identifiers for crypto asset transactions by revealing a powerful tool, .bit Alias that reduces the risks for users associated with sending assets using mainstream crypto wallets and exchanges.

.bit aims to enhance the security and user-friendliness of Web3. The company provides a decentralized identifier that is compatible with multiple chains and supports various asymmetric encryption algorithms for signature verification. Users can use it as a data container and write data on different chains according to their needs, providing more possibilities based on sovereign identity. The .bit Alias feature can convert complex blockchain addresses into simpler and more readable .bit accounts to improve convenience. Due to the compatibility of .bit with multiple chains, users can set a .bit Alias for an address on any chain. By setting a .bit Alias for an address, users can trigger double verification when transferring funds, avoiding risks such as hacker attacks, internal manipulation, program errors, outdated data, and expired DID, preventing assets from being transferred to the wrong address, and ensuring the security of transfers.

How .bit Alias ensures more secure transfers

The asset receiver provides the address and the corresponding .bit Alias to the sender. The wallet or exchange then initiates a .bit Alias Lookup request to the application programming interface (API) service. Once the result is found, the user will be prompted to complete the alias of the receiving address. When the user enters the alias, the wallet or exchange compares the filled-in content with the result of the query and the user can only complete the transfer if the two exactly match. For transfers of small amounts, the wallet or exchange can only prompt to confirm the name of the alias of the receiving address is correct.

This method is somewhat similar to fiat currency transfers in the traditional world banking system. When transferring money in legal currency in the traditional banking system, transfer errors are of little concern as it is necessary to enter the other party’s matching bank account number and name simultaneously and if there is a mismatch, funds will eventually be returned. Using .bit as an auxiliary verification method when sending assets achieves the same effect while keeping all the data on chain. When the application finds that the .bit Alias completed by the user is inconsistent with the query result, it will not allow the user to continue sending assets

Upon recognizing and studying the risks, .bit also provides recommendations for all parties as below:

1. For wallets or exchanges:

Disable the function of directly sending or exchanging assets using DIDs;Use solution such as .bit Alias for securer assets sending or exchanging, referring to the guideline at https://dotbit.notion.site/bit-Alias-Interaction-Design-Guidelines-b8e8718dd0554e17b5e31a196b8e7ed5 .

2. For asset recipients:

Set a .bit Alias for your own address;Provide both the blockchain address and the corresponding .bit Alias to the sender when receiving the asset.

3. For asset senders

Avoid direct assets transfers using DIDs;Use a wallet/exchange that has upgraded its security level for its users’ assets.

For more information about DIDs and .bit Alias, please read our latest post here, join the .bit Discord channel, follow .bit on Twitter and GitHub, or visit the .bit website: https://www.did.id/ .

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SOURCE .bit

Technology

IGCS International Announces Strategic Equity Investment by Lacks Enterprises

Published

48 minutes ago

April 22, 2026

DALLAS, April 22, 2026 /PRNewswire/ — IGCS International, a CVE-certified SDVOSB and leading provider of mission support and MRO supplies to the U.S. Department of Defense and federal agencies, today announced that Lacks Enterprises has acquired an equity stake in the company.

The strategic investment combines IGCS’s expertise in government supply chain, logistics, and MRO solutions with Lacks Enterprises’ advanced manufacturing capabilities, including electroplating, injection molding, composites, and testing for aerospace and defense.

“IGCS has built a strong track record supporting the Department of Defense… Partnering with Lacks Enterprises allows us to integrate cutting-edge manufacturing innovation into our offerings,” said Russ Spears, President of IGCS International.

Media Contact: Russ Spears, 214-733-7278, russ@igcsintl.com

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SOURCE IGCS International

Technology

Shoulder Innovations to Report First Quarter 2026 Financial Results on May 13, 2026

Published

48 minutes ago

April 22, 2026

GRAND RAPIDS, Mich., April 22, 2026 /PRNewswire/ — Shoulder Innovations, Inc. (“Shoulder Innovations”) (NYSE: SI), a commercial-stage medical technology company exclusively focused on transforming the shoulder surgical care market, today announced it will release financial results for the first quarter of 2026 after market close on Wednesday, May 13, 2026.

Management will host a conference call to discuss financial results beginning at 4:30 p.m. ET / 1:30 p.m. PT on May 13, 2026. Those interested in listening to the conference call may do so by dialing (877) 407-8216 for domestic callers or (412) 902-1015 for international callers and providing access code 13759613. A live and archived webcast of the event will be available in the “Investor Relations” section of the Shoulder Innovations website at https://ir.shoulderinnovations.com/.

About Shoulder Innovations
Shoulder Innovations is a commercial-stage medical technology company exclusively focused on transforming the shoulder surgical care market, with a current offering of advanced implant systems for shoulder arthroplasty. These systems are a core element of Shoulder Innovations’ ecosystem, which is designed to improve core components of shoulder surgical care – preoperative planning, implant design and procedural efficiency – to benefit each stakeholder in the care chain. Shoulder Innovations’ ecosystem is also comprised of enabling technologies, efficient instrument systems, specialized support and surgeon-to-surgeon collaboration. Together, these elements seek to address the long-standing clinical and operational challenges in the shoulder surgical care market by delivering predictable outcomes, procedural simplicity, and efficiency across all sites of care.

Contact
Brian Johnston or Sam Bentzinger
Gilmartin Group LLC
ir@shoulderinnovations.com

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SOURCE Shoulder Innovations

Technology

Accuray to Report Third Quarter Fiscal 2026 Financial Results on May 6, 2026

Published

48 minutes ago

April 22, 2026

MADISON, Wis., April 22, 2026 /PRNewswire/ — Accuray Incorporated (NASDAQ: ARAY) will report financial results for the third quarter of fiscal year 2026, ended March 31, 2026, during a conference call hosted by company management at 1:30 p.m. PT/4:30 p.m. ET on May 6, 2026.

The conference call dial-in numbers are 1-833-316-0563 (USA) or 1-412-317-5747 (international). In addition, a dial-up replay of the conference call will be available approximately one hour after the call’s conclusion for one week. The replay number is 1-855-669-9658 (USA) or 1-412-317-0088 (international), conference ID: 4178502.

A live webcast of the call will also be available from the Investor Relations section of the company’s website at investors.accuray.com. A webcast replay can be accessed on the website and will remain available until Accuray announces its results for the fourth quarter of fiscal 2026.

About Accuray
Accuray is committed to expanding the powerful potential of radiation therapy to improve as many lives as possible. We invent unique, market-changing solutions designed to deliver radiation treatments for even the most complex cases—while making commonly treatable cases even easier—to meet the full spectrum of patient needs. We are dedicated to continuous innovation in radiation therapy for oncology, neuro-radiosurgery, and beyond, as we partner with clinicians and administrators, empowering them to help patients get back to their lives, faster. Accuray is headquartered in Madison, Wisconsin, with facilities worldwide. To learn more, visit www.accuray.com or follow us on Facebook, LinkedIn, X, and YouTube.

Investor and Media Contact
Steve Monroe
VP, Financial Planning & Analysis, Accuray
Investor.relations@accuray.com

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SOURCE Accuray Incorporated