Decentralized finance has begun to adopt a new term: "real yield." This refers to DeFi...
According to reports, a bug in the smart contract code of the Ethereum Alarm Clock...
Aptos Foundation Layer-1 blockchain company announced Oct 18 that it had given away APT tokens...
Analyst explains that crypto hacks will reach all-time highs by 2022. Kim Grauer, research director at Chainalysis, stated that the top priority of the crypto industry should be reducing hacks through improving cybersecurity. According to the firm, crypto thefts through hacks could surpass 2021 this year. These exploits mainly target the field of Decentralized Finance (DeFi). Grauer stated in an interview with Cointelegraph that “this can’t continue in the industry because people will lose faith in investing on DeFi platforms.” [embedded content] Decentralized protocols are more vulnerable than centralized exchanges. This is largely due to the open source code that they are built on. “Anyone can look through this open-source code to find code vulnerabilities they can exploit,” Grauer explained. The researcher believes that hacking vulnerability is not an inherent problem of DeFi but rather a result of insufficient security at the code level. She pointed out that “there are contracts that have shown that they can be kept secure.” Grauer believes that decentralized protocols can be more secure than their centralized counterparts if enough resources are spent on making the code “perfect”. You can see the full interview over on our YouTube channel and don’t forget about to subscribe!
Reducing the number of hacks by improving cybersecurity should be considered a top priority for the...
Bitcoin ( BTC ) has experienced a 41% increase year-on-year in energy consumption (YoY), despite...
Anime-inspired nonfungible token (NFT) project Azuki has released the Physical Backed Token (PBT) — an open-source...
The Law Commission of England and Wales will set about reviewing private international legal challenges...
Ethereum bulls have rebuffed claims that the network is prone to censorship after Merge. One...
Magic Eden, a Solana-based nonfungible token marketplace, has moved to an optional royalty model. This...
Japan's national police have arrested Lazarus, a North Korean hacker group, for allegedly being behind...