Should DEFI projects have more planning time in their creation?

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Avatar for Luis2020Diaz
2 years ago
Topics: Cryptocurrency

We have recently learned how several projects working on the Binance Smart Chain network have been hacked in a short period. Many people may think that these projects are SCAM and on other occasions, they have attacked by vulnerabilities that were not detected by the Exchange developers.

Currently, the increase in these attacks can help these DEFI projects to invest more time in their creation and not use a system design similar to that of other platforms. Since this could have vulnerabilities or bugs similar to those of that project. Sometimes it is better to use various computer security companies, which can perform a full audit or study one or more times. This can help find bugs or vulnerabilities in the system and repair them before hackers can attack.

This is a very important point to take into account, since the capital that these decentralized exchanges handle is considerable. A little later, the Exchange in providing its services in exchange for going through an exhaustive review is the difference between obtaining great profits, being recognized by the community that your currency can increase in price, versus a great loss for not having reviewed possible faults in the system.

 

The most anticipated Swap: Shiba Swap

Many people are waiting for the long-awaited launch of ShibaSwap, but seeing these happenings, I would wait for this project to carry out a complete review of the system in which this Swap works. This can prevent future misunderstandings and our funds from being compromised. This project have widely accepted by the community and could attract even more attention when ShibaSwap begins operating.

 

Participate by answering this question in the comments: Do you think that the developers of this type of project should take into account the opinion of your community as to what services it should offer and which ones it should not?

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Avatar for Luis2020Diaz
2 years ago
Topics: Cryptocurrency

Comments

Nice article, thanks for sharing!

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