Andrei Anissimov, a crypto developer participating in a16z's Crypto Startup School, discusses why smart contract development requires much stricter security standards than traditional social web applications.
“Something that works well for building some type of social networks or some type of systems where you can easily revert any mistake. This approach doesn't work for DeFi or Crypto.”
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More from Andrei Anissimov
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Anissimov: Deployed crypto protocols protect billions in assets
“There's some things that we've deployed that are now protecting billions of dollars, which is exciting and frightening at the same time.”
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Anissimov notes $25 million drained in dForce protocol exploit
“First of all, the big D force hack where. Twenty five million USD worth of assets were drained from the protocol.”
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