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Cryptoniteuae
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Losses from Web3 frauds decreased by 75% in the first half of 2023. An improvement in security #protocols and legislative guidelines is the most likely culprit. Surprisingly, #DeFi was the target of the most of security flaws this year. Security has been a major problem in the quickly developing Web3 industry. However, there was some solace in 2023's first half thanks to a notable 75% drop in losses from Web3 scams. A #Blockchain security company's most recent research sheds light on the state of Web3 security's decline and evolution. Losses from Web3 #scams, #hacks, and rug pulls decline in 2023
Losses from Web3 frauds decreased by 75% in the first half of 2023.

An improvement in security #protocols and legislative guidelines is the most likely culprit.

Surprisingly, #DeFi was the target of the most of security flaws this year.

Security has been a major problem in the quickly developing Web3 industry. However, there was some solace in 2023's first half thanks to a notable 75% drop in losses from Web3 scams.

A #Blockchain security company's most recent research sheds light on the state of Web3 security's decline and evolution.

Losses from Web3 #scams, #hacks, and rug pulls decline in 2023
Secure Protocols: Various secure communication protocols, such as SSL/TLS for web traffic or SSH for secure shell access, are used to ensure the confidentiality and integrity of data in transit.#secure #BinanceSquare #CryptoTalks #protocols
Secure Protocols: Various secure communication protocols, such as SSL/TLS for web traffic or SSH for secure shell access, are used to ensure the confidentiality and integrity of data in transit.#secure #BinanceSquare #CryptoTalks #protocols
ABOUT PROTOCOL :👉In the tech field, a protocol refers to a set of rules or guidelines that define how devices or software components communicate with each other. It outlines the format, encoding, timing, and sequencing of messages or data exchange between different systems.Protocols are essential for enabling interoperability and standardization in various tech domains, including networking, telecommunications, internet communication, and software development. They ensure that devices and software from different vendors can understand and interact with each other effectively.Some common examples of protocols in the tech field include:1. Internet Protocol (IP): It is the primary protocol used for transmitting data packets across the internet. IP defines how messages are routed between devices on different networks.2. Transmission Control Protocol (TCP): TCP is a protocol that works in conjunction with IP to ensure reliable and ordered delivery of data packets. It handles segmentation, reassembly, flow control, and error detection.3. Hypertext Transfer Protocol (HTTP): HTTP is the protocol used for communication between web browsers and web servers. It defines how web pages and other resources are requested, transmitted, and displayed.4. Secure Shell (SSH): SSH is a cryptographic network protocol that provides secure remote access and secure file transfer over an unsecured network. It allows for secure communication between a client and a server.5. Bluetooth: Bluetooth is a wireless communication protocol used for short-range connections between devices. It enables devices to exchange data, such as audio, images, and files, without the need for cables.These are just a few examples, as there are numerous protocols being used in different tech fields, each serving specific purposes and functionalities.$BTC $BNB $SOL #WebNext #BinanceEarnings #protocols [BinanceNFT](https://www.binance.com/en/nft/my-nfts/collected/webnext-f2a4ddd59659b0ae15e9758e0a2ea5a7)

ABOUT PROTOCOL :

👉In the tech field, a protocol refers to a set of rules or guidelines that define how devices or software components communicate with each other. It outlines the format, encoding, timing, and sequencing of messages or data exchange between different systems.Protocols are essential for enabling interoperability and standardization in various tech domains, including networking, telecommunications, internet communication, and software development. They ensure that devices and software from different vendors can understand and interact with each other effectively.Some common examples of protocols in the tech field include:1. Internet Protocol (IP): It is the primary protocol used for transmitting data packets across the internet. IP defines how messages are routed between devices on different networks.2. Transmission Control Protocol (TCP): TCP is a protocol that works in conjunction with IP to ensure reliable and ordered delivery of data packets. It handles segmentation, reassembly, flow control, and error detection.3. Hypertext Transfer Protocol (HTTP): HTTP is the protocol used for communication between web browsers and web servers. It defines how web pages and other resources are requested, transmitted, and displayed.4. Secure Shell (SSH): SSH is a cryptographic network protocol that provides secure remote access and secure file transfer over an unsecured network. It allows for secure communication between a client and a server.5. Bluetooth: Bluetooth is a wireless communication protocol used for short-range connections between devices. It enables devices to exchange data, such as audio, images, and files, without the need for cables.These are just a few examples, as there are numerous protocols being used in different tech fields, each serving specific purposes and functionalities.$BTC $BNB $SOL #WebNext #BinanceEarnings #protocols BinanceNFT
These last weeks, I've been praising #defi protocols that have not yet exploded with the current bull run. While they may stay still for a while, in the long run, these #protocols might end up changing the way we move money. A lot of people don't know the capabilities of #blockchain technology and #defiprotocols so they don't see their potential and how they most likely will outdate the systems we currently use like stock markets and openbanking. Some examples of these protocols are $AAVE $DOT $MATIC
These last weeks, I've been praising #defi protocols that have not yet exploded with the current bull run. While they may stay still for a while, in the long run, these #protocols might end up changing the way we move money.

A lot of people don't know the capabilities of #blockchain technology and #defiprotocols so they don't see their potential and how they most likely will outdate the systems we currently use like stock markets and openbanking.

Some examples of these protocols are $AAVE
$DOT $MATIC
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