Webinar 30th April: Will DeFi be secure enough for to replace banks?

This year were seeing the rise of Decentralized Finance (DeFi)— a new application of decentralized Blockchain technology that is poised to replace the trillion dollars Global Finance industry. However, recent events such as the dForce hack has shown us that hackers can exploit weaknesses in smart contracts and steal money. It’s almost like robbing a bank, except in this case the bank is flush with crypto AND can’t defend itself. In the case with dForce, the hacker stole $25,000,000 USD (talk about a good haul) and with crypto transactions we know this is not reversible. Luckily in this specific case, the team managed to negotiate with the hacker and they volunteer to return the money back.

This whole incident highlights a big problem — DeFi applications hold huge amounts of assets and vulnerabilities in the code could lead to theft of the entire balance ( which could eventually mean millions of trillions of dollars). 

In this special webinar held by the OKex acedemy talks we assemble 3 Blockchain security experts to discuss how to improve security in DeFi.

Yu Guo — Secbit Labs

Georgios Delkos — CertiK

ZhengChao Du — Slowmist

Moderated by: Michael Gu 

Join us on April 30th 2020 @ 12:00pm UTC 
👉Webinar: bit.ly/2yFnkhK

Michael
I’ve been involved in the Bitcoin and Blockchain space since 2012. Something I notice right away is that accurate factual information is hard to come by in this space. More often than not, we find extremely biased information that exploit the complexity of blockchain to obscure facts. The objective of this site is simple – to provide independent insights into the blockchain space.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

13,855FollowersFollow
106,055FollowersFollow
216,000SubscribersSubscribe
- Advertisement -

Latest Articles

Developing story: OKEx suspends withdrawals…but is there more to this?

What happened? On 16th October 2020 OKEx suddenly announced that one of their private key holders (later confirmed to...

Stacks ($STX): Bringing Bitcoin’s security to decentralised apps

Stacks ($STX) (formerly Blockstack) is an open-source network that allows developers to easily build decentralised applications (such as decentralised finance DeFi applications)...

Linear Finance ($LINA): The future of synthetic exchange platforms?

Linear Finance ($LINA) understands that decentralized finance (DeFi) has opened new possibilities for derivative offerings and that many exchanges have the apparent...

Ledger Nano X Review: Best Bitcoin Wallet of 2020?

Ledger Nano X is the next generation of Hardware wallet with smartphone support, a larger screen and more storage space for Apps....

Ledger Nano S Review (2020): Bitcoin Wallet on a Budget?

Ledger Nano S is the most popular cryptocurrency hardware wallet (more than 1.4 Million units sold). The Nano S is the most...