it in the future so any time an exchange gets hacked it brings it back memories of mt gox which is probably in the industry's worst nightmare period and in response to that a lot of decentralized exchanges were talked about and now some are coming online so in the case of bank or when you talk about a liquidity network this is a kind of a hybrid is that because it's not. the liquidity network means that prices are being kind of maintained if you will from an internal mechanism correct prices are being determined by an algorithm which is open source and transparent and completely predictable and pre-determined still demand dictates whether you're moving up along a price curve or down with this is what was the vector from which the attack came no this has actually nothing to do with it so let's talk about the security of smart contracts some of the biggest test encrypt of com the a flaws in the smart contract tell us how and why and how to deliver more security at the smart contract stage yeah so these are very new technologies and their promise is as great as their as their potential vulnera

it in the future so any time an exchange gets hacked it brings it back memories of mt gox which is probably in the industry's worst nightmare period and in response to that a lot of decentralized exchanges were talked about and now some are coming online so in the case of bank or when you talk about a liquidity network this is a kind of a hybrid is that because it's not. the liquidity network means that prices are being kind of maintained if you will from an internal mechanism correct prices are being determined by an algorithm which is open source and transparent and completely predictable and pre-determined still demand dictates whether you're moving up along a price curve or down with this is what was the vector from which the attack came no this has actually nothing to do with it so let's talk about the security of smart contracts some of the biggest ass encrypt of com be a flaws in the smart contract tell us how and why and how to deliver more security at the smart contract stage yeah so these are very new technologies and their promise is as great as their as their potential vulnerabi

the theft of hundreds of thousands of bit coin from the exchange mt. gox, and reports that hackers stole $1.6 billion in cryptocurrency over the last seven years. congress must pay close attention to development in this space. the capital markets subcommittee held a meeting examining cryptocurrency and initial coin offering markets in march of this year, and the terrorism and illicit finance subcommittee held a hearing to discuss illicit use of virtual currency and the law enforcement response last month. as chairman of the monetary policy and trade subcommittee, i am particularly interested in any impact digital security may have on monetary policy and the international financial system. we will discuss its use, both in the united states and abroad. thus far, some countries like vietnam and china have banned or restricted it altogether. others, such as switzerland and malta, have fostered it with a mostly hands-off approach and regulatory guidance. others have adopted it, including tunisia and ecuador, by issuing their own central bank digital currencies.

in the future so any time an exchange gets hacked it brings it back memories of mt gox which is probably in the industry's worst nightmare period and in response to that a lot of decentralized exchanges were talked about and now some are coming online so in the case of bank or when you talk about a liquidity network this is a kind of a hybrid is that because it's not. the liquidity network means that prices are being kind of maintained if you will from an internal mechanism correct prices are being determined by an algorithm which is open source and transparent and completely predictable and pre-determined still demand dictates whether you're moving up along a price curve or down with this is what was the vector from which the attack came no this has actually nothing to do with it so let's talk about the security of smart contracts some of the biggest that's encrypt of com the a flaws in the smart contract tell us how and why and how to deliver more security at the smart contract stage yeah so these are very new technologies and their promise is as great as their as their potential vulne