Key Take-Aways

Essential security principles for Web3 startups

  1. Start with a security mindset: Build security into your project from day one rather than trying to add it later.

  2. Focus on fundamentals first: Implement strong access management, change management, and vendor management practices before investing in expensive security tools.

  3. Protect cryptographic keys rigorously: Follow the Cryptocurrency Security Standard, use HSMs when possible, and implement multi-signature approval processes.

  4. Be strategic about data storage: Make deliberate decisions about what goes on-chain versus off-chain based on immutability needs, cost considerations, and privacy requirements.

  5. Plan for evolution: Design your systems to allow for future changes in your security and data architecture as your project grows and technology advances.

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