2min chapter

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Circuit Breakers: Is ERC-7265 the Solution dApps Were Waiting For? - Ep. 515

Unchained

CHAPTER

ERC 7265: A Generalised Safety Layer for Cryptocurrencies

A circuit breaker is a mechanism that you have in traditional finance on, for example, exchanges. It's basically like an emergency tripwire that allows you to pause the system in cases of emergencies or irregularities. ERC 7265 adds this layer around your protocol through which all funds flow. And it gives you time to intervene in case you realize that the code allowed somebody to maliciously withdraw some amounts.

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