Radix Report – February 18th 2021
Adam Simmons 18th February 2021
Overview
Piers Ridyard, CEO – Radix DLT
The last two weeks continue to be solidly on the bull for the crypto market, with Bitcoin sailing past the $50k mark, and more rumours about increasingly large corporates looking to follow Tesla’s lead and moving to put Bitcoin on their balance sheet.
With the increased economic stimulus via printing money both in the US and globally, the stability of fiat money continues to cause worries for corporations with large amounts of cash on their balance sheet (looking at you Apple) – and more and more evidence is emerging that the non-crypto world is starting to understand why a supra-national store of value is meaningful and important.
Closer to home, at Radix we have started the process of interviewing experienced Solidity and DeFi developers about their experiences with writing and deploying dApps. From these interviews, the Solidity security tax is hard to overstate. It is not uncommon for a team to spend around 10% of their development time writing functionality, and 90% of their time working out all the ways that functionality could have bugs, break or be attacked.
Despite this, we are still seeing the results of more and more sophisticated attacks of the type that the Yearn crew have just had to deal with across many interconnected DeFi applications.
These are not trivial problems, and writing financial applications is complex and careful work. It is precisely interviews of this nature that make me so excited about what is coming down the line for Radix over the next 12 months.
Continue reading:
Adam Simmons 18th February 2021
Overview
Piers Ridyard, CEO – Radix DLT
The last two weeks continue to be solidly on the bull for the crypto market, with Bitcoin sailing past the $50k mark, and more rumours about increasingly large corporates looking to follow Tesla’s lead and moving to put Bitcoin on their balance sheet.
With the increased economic stimulus via printing money both in the US and globally, the stability of fiat money continues to cause worries for corporations with large amounts of cash on their balance sheet (looking at you Apple) – and more and more evidence is emerging that the non-crypto world is starting to understand why a supra-national store of value is meaningful and important.
Closer to home, at Radix we have started the process of interviewing experienced Solidity and DeFi developers about their experiences with writing and deploying dApps. From these interviews, the Solidity security tax is hard to overstate. It is not uncommon for a team to spend around 10% of their development time writing functionality, and 90% of their time working out all the ways that functionality could have bugs, break or be attacked.
Despite this, we are still seeing the results of more and more sophisticated attacks of the type that the Yearn crew have just had to deal with across many interconnected DeFi applications.
These are not trivial problems, and writing financial applications is complex and careful work. It is precisely interviews of this nature that make me so excited about what is coming down the line for Radix over the next 12 months.
Continue reading: