Discover how Web3 security battles $2B in 2024 losses through phishing, key breaches, and cutting-edge solutions like the Credible Layer by Phylax System
Really interesting article looking at how web3 security can indeed be a defining USP for on-chain projects. Especially interesting to see projects using decentralized security models/ training models incentivising the best of the community to solve problems. We are doing something similar by incentivising users to attempt to bypass bot detection frameworks at https://www.theredteam.io/ on Bittensor. If more solutions can do this in the web3 space, it turns the traditionally expense heavy, laborious R&D process into a much more powerful arm of both the business and the industry as a whole.
Really interesting article looking at how web3 security can indeed be a defining USP for on-chain projects. Especially interesting to see projects using decentralized security models/ training models incentivising the best of the community to solve problems. We are doing something similar by incentivising users to attempt to bypass bot detection frameworks at https://www.theredteam.io/ on Bittensor. If more solutions can do this in the web3 space, it turns the traditionally expense heavy, laborious R&D process into a much more powerful arm of both the business and the industry as a whole.