Privacy and single points of failure are the biggest threats to crypto today
In the world of Web3, there are certain elements that have to be perfect for a platform like an exchange to work for its community. If users do not feel like the exchange is fair, they will leave. If they feel like the exchange is vulnerable, they will leave. If they feel like the exchange might allow their private information to be taken, they will leave. And if they think the exchange can’t offer them the services and perks they want…they will leave. There are a few problems with this. Yes, a user should be able to participate on an exchange with confidence. However, no platform is 100% secure. That said, there are definitely industry standards that should be followed to maximize protection. More than that though, platforms should be following best practices to keep their customers’ data in compliance with regulations. They should also keep the data private and protected, while the funds themselves should stay with the cus...