Crypto users face risks that traditional financial products don’t always cover, from smart contract failures and wallet attacks to stablecoin depegging and protocol exploits. Decentralised insurance protocols are attempting to provide coverage against some of these risks, although assessing claims and pricing such policies can be difficult. As more money moves on-chain, could insurance become an essential part of the crypto ecosystem?
Blockchains make transaction data publicly accessible, but that doesn’t necessarily mean users understand what information can be traced back to them. Wallet activity, transaction history, and interactions with different applications can create detailed records of someone’s activity over time. As blockchain usage expands, who should ultimately control this data, the network, the application, or the individual user?
