Ray Dalio: The most important principle when thinking about large government debts and deficits | Bee Network
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Written by: @IsdrsP (Lido Validator Node Director) Compiled by Nicky, Foresight News In the early morning of May 10, oracle service provider Chorus One disclosed that a hot wallet of Lido Oracle was hacked and 1.46 ETH was stolen. However, according to the security audit, this isolated incident had limited impact, and the wallet involved was designed for lightweight operations only. An oracle attack sounds bad. However, Lido’s architectural design, stakeholder values, and security-oriented contributor culture mean that the impact of such an incident is extremely limited — even if the oracle is completely compromised, it will not be catastrophic. So, what is so unique about Lido? Well-thought-out design and layers of protection Lido’s oracles are responsible for passing information from the consensus layer to the execution layer and reporting…# Analysis# bitcoin# crypto# defi# Exchange# MarketPre
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- Original title: The Most Important Principle to Keep in Mind When Thinking About Large Government Debts and Deficits Original article by Ray Dalio Original translation: Block unicorn The princip...