Making cryptocurrencies secure
With the world slowly realizing that cryptocurrencies, tokenized assets, smart contracts as the new wild west of financial instruments, threats come as well. Regulatory pressure and cybersecurity risks are harder to mitigate when your technological stack is novel and based on new cryptography-based technologies.
Cryptocurrencies and blockchain-based software often require combining novel cryptography with traditional data, application and product security expertise.
Current industry challenges
Novel crypto is hard
With only a bit more than a decade in the making, the cryptocurrency industry still lacks foundations of "acceptable security" and people with enough experience in traditional security as well as "cutting edge" developments.
Poorly implemented crypto and appsec
Components of cryptocurrency systems, especially non-custodial wallets and blockchain nodes, require appsec and datasec measures: protect stored data, prevent unauthorized transactions, stop malicious users.
Transaction and smart-contract privacy
Building cryptographic protocols that enable efficient transaction and smart-contract privacy is hard and requires specialized expertise and team.