⚡️Today's Featured Summary Note⚡️
In @zksync's recent Twitter space, the team of @OpenZepplin and @code4rena discuss securing the future of #Web3 with #zkSync.
A 🧵
In @zksync's recent Twitter space, the team of @OpenZepplin and @code4rena discuss securing the future of #Web3 with #zkSync.
A 🧵
1/ Security Approaches And Challenges
@OpenZeppelin works on building secure code with clients.
@code4rena incentivizes researchers to find bugs.
Decentralized protocols face decision-making challenges during attacks.
@OpenZeppelin works on building secure code with clients.
@code4rena incentivizes researchers to find bugs.
Decentralized protocols face decision-making challenges during attacks.
2/ Trade-offs exist between fast response and decentralization.
Protocols are in the early stages and users should be aware of risks.
Protocols are in the early stages and users should be aware of risks.
3/ Educating Users On Security Risks
Users often learn the most from negative experiences.
To prevent this, the community and ecosystem must invest in user education.
Developers should:
-understand their stack
-monitor dependencies
-have a plan
-offer bug bounties
Users often learn the most from negative experiences.
To prevent this, the community and ecosystem must invest in user education.
Developers should:
-understand their stack
-monitor dependencies
-have a plan
-offer bug bounties
4/ Risk Management In DeFi
#DeFi is not immune to existing financial system risks.
Risk management can be complex, with third-party firms potentially helping average users.
Advanced traders should be aware of risks and not be misled.
#DeFi is not immune to existing financial system risks.
Risk management can be complex, with third-party firms potentially helping average users.
Advanced traders should be aware of risks and not be misled.
6/ ZkSync Audits And Developments
OpenZeppelin has conducted several audits for Matter Labs and zkSync.
zkSync is in a limited release, with more accessibility in the future.
Users should start slowly and grow in confidence with the protocol.
OpenZeppelin has conducted several audits for Matter Labs and zkSync.
zkSync is in a limited release, with more accessibility in the future.
Users should start slowly and grow in confidence with the protocol.
7/ Audit reports for @zksync are available in their documentation.
8/ Q&A
Q: What is your opinion on security tools like Manticore and Slither?
A: These open-source tools are useful for detecting common bugs, but they might not catch all complex issues. Understanding their purpose and limitations is essential.
Q: What is your opinion on security tools like Manticore and Slither?
A: These open-source tools are useful for detecting common bugs, but they might not catch all complex issues. Understanding their purpose and limitations is essential.
9/ Q: What are your thoughts on ZK circuit auditing?
A: ZK circuit auditing requires more domain knowledge and research. Developing expertise over time will help tackle complex audits in this emerging field.
A: ZK circuit auditing requires more domain knowledge and research. Developing expertise over time will help tackle complex audits in this emerging field.
10/ Q: Can ZK roll-ups like zkSync enable private transactions and composability between roll-ups?
A: Currently, zkSync doesn’t support private transactions, but it might in the future.
A: Currently, zkSync doesn’t support private transactions, but it might in the future.
11/ Composability between roll-ups is being explored by protocols like Hop Protocol, and building roll-ups on top of others could add privacy or additional features.
13/ For daily updates and summaries of your favorite projects' events, including @zksync, signup for our research platform.
revelointel.com
Crypto moves fast, and time is money, keep up.
revelointel.com
Crypto moves fast, and time is money, keep up.
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