DLT security standards are established guidelines and best practices for securing distributed ledger technology networks and applications. These standards address vulnerabilities inherent in decentralized systems. They cover aspects such as cryptographic protocols, consensus mechanisms, and smart contract auditing, aiming to reduce risks.
Context
The rapid growth of DLT adoption in finance and other critical sectors necessitates clear and comprehensive security standards. Industry bodies and regulators are working to establish common benchmarks to ensure the resilience and integrity of DLT systems. Adherence to these standards is crucial for mitigating operational risks and building confidence in blockchain-based solutions, particularly for regulated entities.
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