The world of Web3 and blockchain technology holds immense potential for revolutionizing industries, from finance to supply chain management. However, despite many business leaders realizing the potential, one critical barrier stands in the way of widespread blockchain adoption: many businesses are hesitant to adopt because of valid security concerns, with billions of dollars in yearly losses for web3 cyber attacks. Despite the advancements in blockchain technology, the ecosystem remains vulnerable to various attack vectors and common hacks, which deter institutional and large-scale adoption. Setting the Scene: Trends and Statistics Rise of Decentralized Finance (DeFi): The total value locked (TVL) in […]
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