Why less may be more when building Web3 By Cointelegraph

U.S. Stock Market Has Plenty of Reasons to Rally After Fed’s Decision

Why less may be more when building Web3

Cryptocurrency Jan 25, 2023 10:20AM ET

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To build secure and resilient Web3 systems, transparency alone is not enough. By placing greater emphasis on simplicity, we can make the peer-review of code more effective and minimize security breaches in the Web3 space.

The rise and fall of security through obscurity

We are used to the intuitive idea that security is somehow intertwined with secrecy. We keep our passwords secret and our valuables hidden. For decades, software engineers followed a similar approach to cybersecurity. The source code of computer software was kept private. In the event of a vulnerability, a security patch would be released. This was and continues to be one view of security: “security through obscurity” and we have to trust the patches that are pushed — without our knowledge or consent — to our computers and phones will do what they are supposed to do.

The staggering growth of open-source data systems

For Web3 security, transparency alone is not enough

The complexity trap

Keep it simple

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