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DeFi Security Summit – Stanford
DeFi Security Summit is an upcoming conference in Stanford, CA, USA about DeFi Security as well as how it works and it’s implementation.The conference will be running from August 27 to 28, 2022.
DeFi Security Summit – StanfordImage Credit: BraveNewCoinAbout DeFiDeFi is an emerging suite of applications for decentralized asset management over blockchain technology.
DeFi is becoming a major economic vehicle in modern society.
The Ethereum blockchain alone already manages more than 235 billion USD worth of assets.
One of the basic principles behind DeFis is that the code is law and computer programs called smart contracts that run on the blockchain dictate the conditions and the effects for asset transactions.
This groundbreaking idea has many desirable benefits that originate from trust-minimizing and immutable aspects of decentralized public blockchains.
Mitigation and prevention of such damages are challenging and require new software development and security design methodologies.
Hundreds of millions in USD value have already been lost due to vulnerabilities in smart contracts.
Therefore, smart contract security is a significant concern for DeFi applications.DeFi Security Summit Registration DetailsRegistration for the conference is ongoing on the official website.
Smart contracts are indeed a crucial aspect of DeFi as they replace the role of conventional centralized financial institutions.
However, smart contracts are just code, and any compromises in the code could lead to loss of funds.
On the other hand, hackers are always seeking opportunities for breaching the DeFi ecosystem through any of the dApps or users in the ecosystem.
The security risks and solutions will be discussed.Location: Stanford, CA, USA Number of Attendees: 500+ Ticket Prices: TBA Participants, Speakers, Panelists: This includes top Blockchain participants such as Investors, programmers as well as Founders.