Defeating The Security Obstacles Of A DeFi Solution

Published by
ValueWalk

Oracle and crypto pioneer Vitalik Buterin raised concerns about cross-chain applications early this year and was proven correct just months later with the $650 million Ronin Bridge hack. What this highlights is the temptation for DeFi projects to sacrifice security for convenience, where these choices generally favor the team and not the user. Human error is the biggest industry risk of all and there are too many cases of teams not implementing proper security management. Whether it’s one person having sole access to funds, an absence of multi-sigs or holding private keys to user funds, there …

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