Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
address its hacking problem with another layer of decentralized tech? Israeli cybersecurity firm Ironblocks' new network is betting on it.extra eyes
on their transaction flow. A participating DeFi app might pay out crypto rewards to auditors and cybersecurity firms who vet pending transactions, Dadosh said. All this happens before any crypto transaction actually executes. In the Venn model, pending trades, swaps, borrows and transfers pass through its network first. Security operators flag and freeze any suspicious actions. They forward regular activity onto the blockchain for confirmation.and Ethena are joining Venn's public testnet, according to Dadosh. A bevy of security firms are, too. The network itself will be distributed across the firms, who act as node operators..
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