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> clear that Web3 companies have major incidents at higher rates than most other software companies I won't argue this, but I think that it depends on where yo
by ChadNauseam 4y ago
> clear that Web3 companies have major incidents at higher rates than most other software companies
I won't argue this, but I think that it depends on where you look. Cryptography audit services are books out for months or years because of the demand from cryptocurrency projects. There's never been a vulnerability in the Bitcoin or Ethereum networks that allowed an attacker to steal funds or execute a double-spend. And cryptocurrency projects have pioneered whole fields of cryptography like zksnarks for security purposes.
Cryptocurrency projects often have a fundamentally very difficult problem to solve, and attackers are also very sophisticated. There are currently very few people with the expertise needed to implement a complex cryptocurrency project securely.
Disclaimer: I'm a protocol developer for a cryptocurrency project (not one of the ones mentioned here)
- TimPC 4y agoExcept you know that time Ethereum forked because the core contract on Ethereum was stolen.