Current DeFi programming languages have no concept of assets
Solutions that could help reduce DeFi’s perennial hacks include auditing code. To an extent, audits work. Of the 10 largest DeFi hacks in history (give or take), nine of the projects weren’t audited. But throwing more resources at the problem is like putting more engines in a car with square wheels: it can go a bit faster, but there is a fundamental problem at play. The problem: Programming languages used for DeFi today, such as Solidity, have no concept of what an asset is. Assets such as to...
Current DeFi programming languages have no concept of assets
Solutions that could help reduce DeFi’s perennial hacks include auditing code. To an extent, audits work. Of the 10 largest DeFi hacks in history (give or take), nine of the projects weren’t audited. But throwing more resources at the problem is like putting more engines in a car with square wheels: it can go a bit faster, but there is a fundamental problem at play. The problem: Programming languages used for DeFi today, such as Solidity, have no concept of what an asset is. Assets such as to...
