Decentralized projects must stop relying on centralized infrastructure and take full advantage of blockchain’s robust security features, according to Dominic Williams.
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:
“As an industry, we’ve lost our way. We started calling things onchain, which are built on Amazon Web Services, because they’ve got an associated token,” the founder continued.
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