$300M+ cryptocurrency hacks. How they happened and what we've learned. Ivan on Tech explains.
How did the large hacks in the crypto history happen and what kind of mistakes caused them? This is a keynote I held in front of several hundreds software developers in Vilnius, Lithuania at the Build Stuff conference. When we're talking about building smart contracts and decentralized applications we need to switch our mindset because these applications are immutable by design. Deploying hot fixes might be easy in web development but is extremely hard on the blockchain.
Hope you'll enjoy the keynote guys!
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I’ll be holding a keynote about Bitcoin Scaling and I will also moderate large parts of the event. Use my discount code IVANONTECH35
Thanks for watching guys 💝
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Ivan on Tech by Ivan Liljeqvist
Would you have thought to speak in front of such large audiences a couple of months ago? Or have you done similar things before become known in the crypto space?
Not really, started speaking a month ago :)
As usual, a clear and concise discussion. Thank you for reminding us how this blockchain technology is indeed still in beta phase; the wild frontier; commit only fiat money that you can afford to loose at this point in history. My recent experience with PIVX and Electroneum (although not a loss of funds), certainly very unstable technology.
Thank you for your videos!! I know you have done videos in the past about Trezor and Nano S. I have a question and maybe you would be willing to do a video on it. The 20 word code that acts as a backup for the cold storage, is that saved only to the cold storage device, or is that on a website in case the device is lost? If that code is on a website, wouldn't that be vulnerable to hackers? Thank you again. Justen :)
That backup code should be stored by you offline and not on a computer :)