How does keep3r contribute to the security of digital currencies?

3 answers

• Dec 28, 2021 · 3 years ago
  keep3r plays a crucial role in the security of digital currencies by acting as a decentralized network of external contracts that help secure and maintain various decentralized finance (DeFi) protocols. It acts as a keeper, monitoring the health and security of these protocols and performing necessary tasks to ensure their smooth operation. By doing so, keep3r helps prevent potential vulnerabilities and attacks that could compromise the security of digital currencies.
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• Dec 28, 2021 · 3 years ago
  keep3r contributes to the security of digital currencies by providing an additional layer of oversight and maintenance for DeFi protocols. Its decentralized nature ensures that no single entity has control over the system, reducing the risk of centralized attacks. Additionally, keep3r's network of external contracts constantly monitors the protocols, identifying and addressing any security issues or vulnerabilities in real-time. This proactive approach helps maintain the integrity and security of digital currencies.
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• Dec 28, 2021 · 3 years ago
  As a decentralized network, keep3r offers a unique approach to enhancing the security of digital currencies. By leveraging the power of external contracts, keep3r can perform critical tasks such as liquidations, price feed updates, and protocol maintenance. This distributed system ensures that no single point of failure exists, making it more resilient to attacks. Furthermore, keep3r's open-source nature allows for community participation and auditing, further strengthening the security of digital currencies.
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