Let me ask some questions, how much you hear about DeFi hacks and the lost of Crypto assets during 2020? Are you scared?
The very well popular among investors in 2020 other than the old Crypto mechanism of solo mining is DeFi farming. Regarding to the resources, it's said too many money from the investors hard waved to DeFi ecosystem in 2020.
In the same time , there are too many reports about hacks and robberies during the 2020 on DeFi platforms causing the lost of the assets.
The Cyber abuse is something normal, we usually hear that, and when we are talking about the digital assets it means someone is trying to get your money. The good resolution to this matter is to have your information secured and standardize to Security system by a platform provider.
The security to the digital assets comprises of 3 layers involve : the Protocols, Exchange platforms and Personal wallets. Since the protocols and the wallets layers are too complicated and scattered, so they are not to the intention to hackers. Hence, the easier alternative choice is to the Exchanges, where all of the information is centralized. This is the reason why we always hear that the DeFi platforms are hacked during this 2020.
Although the security wall has already set to secure your assets by DeFi platforms. But the lower standard of security wall nor the bad protocol designs may finally be unsecured to your assets.
The DeFi platforms do aware to these problems, each of them have set their security measures. But as said, the mistake can be happened during the security setup and design, the best they have set maybe not the "Best" . So, it is the investors responsible to learn and take their own risk before attending to the DeFi platforms. It is good farming on DeFi but we have to think more and pay more attention its structure and security matter.
