Developers could have prevented crypto’s 2022 hacks if they took basic security measures By Cointelegraph
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Developers could have prevented crypto’s 2022 hacks if they took basic security measuresUsers losing funds due to malicious activity is hardly unknown on . In fact, it is the very reason researchers recently developed a proposal to introduce a type of token that is reversible in the event of a hack or other unsavory behaviors.
Specifically, the suggestion would see the creation of an ERC-20R and ERC-721R, which would be modified versions of the standards that govern both regular Ethereum tokens and nonfungible tokens (NFTs).
Stephen Lloyd Webber is a software engineer and author with diverse experience in simplifying complex situations. He is fascinated by open source, decentralization and anything on the Ethereum blockchain. Stephen is currently working in product marketing at Open Zeppelin, a premier crypto cybersecurity technology and services company, and has an MFA in English writing from New Mexico State University.
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Developers could have prevented crypto’s 2022 hacks if they took basic security measuresUsers losing funds due to malicious activity is hardly unknown on . In fact, it is the very reason researchers recently developed a proposal to introduce a type of token that is reversible in the event of a hack or other unsavory behaviors.
Specifically, the suggestion would see the creation of an ERC-20R and ERC-721R, which would be modified versions of the standards that govern both regular Ethereum tokens and nonfungible tokens (NFTs).
Stephen Lloyd Webber is a software engineer and author with diverse experience in simplifying complex situations. He is fascinated by open source, decentralization and anything on the Ethereum blockchain. Stephen is currently working in product marketing at Open Zeppelin, a premier crypto cybersecurity technology and services company, and has an MFA in English writing from New Mexico State University.
Continue Reading on Coin Telegraph
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