How to Avoid Exploits and Hacks using Proper Decentralization

Written by ridertiger | Published 2020/02/21
Tech Story Tags: decentralization | cryptocurrency | defi | exploit | eth | proper-decentralization | exblockchain | crypto

TLDR The latest hack, or the exploit, was done in the Decentralized Finance World. The main reason was short of liquidity in an exchange, and using a single source to get prices. In this article, I talk about how a CDP platform for DeFi can solve the gateway problem using a decentralized oracle, so price feeding is harder to manipulate by an entity. This will enable multiple sources to be the source to the blockchain and moving median value will be adopted as the final source to be adopted.via the TL;DR App

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Published by HackerNoon on 2020/02/21