How to enhance the security of Decentralized Finance or DeFi
The market of decentralized finance or DeFi is exploding at a rapid rate, but the security features are stagnant. You can prevent losing millions in DeFi if you take proper security measures.
Building a cryptocurrency from scratch is not an easy thing to do. Making a cryptocurrency requires extensive knowledge of programming languages, blockchain technology and other things. But nowadays, the newer cryptocurrencies are more of a token than the cryptocurrency itself because people don’t want to spend so much time and effort on something which can be made with an easier alternative.
But with the rise of decentralized applications, hacks are becoming more common every day; hacks on DeFi have caused losses of more than 1.9 billion to date. That means the security of tokens has become more necessary than ever. Unfortunately, the solution for DeFi security is not an easy one.
Some projects may not even be able to afford better developers, and that can become the reason for the downfall of the project. So enhancing the security of DeFi projects and apps becomes really important.