How to enhance DeFi security
Decentralized finance is exploding. Its security is not. Here’s how to prevent millions more lost in DeFi. Creating a cryptocurrency from scratch isn’t easy. It requires extensive knowledge of various programming languages and knowledge of blockchain use cases, among other things. Instead of going through that effort, those newer to the crypto space wanting to build their own project tend toward tokens. Tokens are a crypto asset that exists within an ecosystem, like a project built on Ethereum. A token may be compatible with all Ethereum-based assets sharing the same token standard but....
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IBM Vice President for Blockchain Technologies Jerry Cuomo recently testified before the Commission on Enhancing National Cybersecurity on how the blockchain can benefit transactions, eWeek reports. Cuomo is persuaded that the technology could potentially cause a tectonic shift in the way financial systems are secured and that government, technology companies and industries should work together to advance blockchain technology to enhance national security. The Commission on Enhancing National Cybersecurity, announced in April, is tasked with making detailed recommendations on actions that....
The security of Bitcoin’s network, paired with smart contracts, paves an exciting future for decentralized finance. IOVLabs, with the help of Rootstock technology, will bring Everyday DeFi to a global audience. Onboarding the first billion users is the primary objective. The Promise of Everyday DeFi It sounds very appealing to see more decentralized finance opportunities for everyone. Despite the industry’s popularity, it primarily caters to existing cryptocurrency users and holders, whereas the rest remains a bit left out. That is unfortunate, as over a billion people are....
MakerDAO is currently the 4th largest DeFi protocol as per TVL rankings with $14.24 billion in locked value. MakerDAO, a decentralized autonomous organization serving the popular DeFi lending protocol Maker, has announced an upcoming deployment schedule on the decentralized zero-knowledge (ZK) Ethereum rollup, StarkNet.Expected to become fully operational in the third quarter of this year as identified in the protocol's roadmap, the integration will seek to enhance the multichain capabilities of their dollar-pegged stablecoin DAI, and associated Maker Vaults function, by striving to reduce....
IBM and the India-based multinational Mahindra Group have announced the development of a blockchain solution aimed at the supply chain. The project will be the first of its kind in India outside of the banking sector, with a mission to enhance security and transparency between supplier-to-manufacturer trade. IBM Teams up With Billion Dollar Mahindra....
The Enhance Group recently announced that it will open a new base in Singapore — its first location in Asia. Enhance, an industry-leading FinTech company that offers investment services, has experienced tremendous growth with the rise of FinTech. This new location will open in response to the expanding FinTech industry and increasing demand for financial technology services in Asia. FinTech, or “Financial Technology,” is quickly reshaping the finance sector. In particular, FinTech is drastically changing the investment industry. Investment consultancy companies that use FinTech software,....