Posted 3/14/2024, 4:49:00 PM
Regulators Push Banks Toward Permissioned Blockchains, Raising Risks of Trillion-Dollar Tokenized Asset Hack
- Banks are starting to tokenize real-world assets on permissioned blockchains, creating new risks
- Regulators are encouraging banks to use permissioned networks over public blockchains
- Permissionless blockchains like Bitcoin have never been hacked due to decentralization
- Permissioned networks controlled by a few parties are more vulnerable to cyber attacks
- Encouraging permissioned networks could lead to hacking of trillions in tokenized assets, the biggest bank heist ever
