How Smart Contract Audit and KYC Secures the DeFi Space

The decentralized finance (DeFi) space has developed substantially in the past three years. However, the threat of hacks and scams still looms large on the horizon, leading to FUD (fear, uncertainty, and doubt) in users and projects. Fortunately, smart contract audit and KYC services can tilt the balance towards a secure, more lucrative future for this sector. Auditing companies ensure that investors get behind real and feasible projects. Moreover, KYC standards guarantee the reliability of development teams and reduce malicious…

Are Smart Contracts the Only DeFi Sector’s Guarantee on User Safety?

The security situation within the DeFi sector has been one of the top issues for users. Many new projects and inventions make attempts to address it a priority. These projects make several attempts to provide some slight assurance of user safety to users as a result. Among the key lines of thought is improving project anonymity. Using items like crypto tumblers may enhance the ability of masking. Another angle of improving user safety is targeting malware that carries out phishing…