Dominic Williams, the founder and chief scientist at the Dfinity Foundation — a nonprofit organization that maintains and facilitates the development of the Internet Computer Protocol (ICP) — recently told Cointelegraph that applications should be fully onchain to prevent the user interface compromise seen in the recent Bybit hack.
According to Williams, most decentralized applications and blockchain projects currently feature onchain tokenomics but rely on centralized web platforms, such as Amazon Web Services, for their infrastructure — which makes these applications and projects vulnerable to centralized security breaches. The Dfinity founder told Cointelegraph:
“The whole point of running software on the blockchain is it guarantees that the written logic will run against the correct onchain data. And you don’t get those guarantees with traditional information technology.”
“As an industry, we’ve lost our way. We started…
