The Importance of Security and Compliance in the Crypto Industry

In this chapter, the speakers discuss the importance of security in code and how open-source and close-source systems are both vulnerable to attacks. They also touch upon the challenge of building a language and making sure the SVM environment supports it. The concept of redundancy in client implementations and orca markets is mentioned as a way to enhance security. They then mention token extensions, which are an iteration of the SPL token standard, and highlight the feature of permanent delegate authority that allows for tokens to be revoked or burned by a DAO. They also discuss the potential for avoiding future hacks through compliance and legal measures.

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