Word of the Day | Mitigating

Word of the day -  MITIGATING

Word of the Day | Mitigating

"Mitigating" refers to taking actions or steps to reduce or minimize the negative impacts or consequences of something. It's like trying to make a difficult situation, problem, or risk less severe or harmful.

For example, if there's a potential security breach in a company's network, the IT team might implement various security measures to mitigate the risk and prevent any significant damage. Essentially, mitigation is about finding ways to lessen the impact or severity of something undesirable.

In the crypto world, it can refer to minimizing risks associated with cryptocurrencies and the blockchain. This involves implementing security measures, protocols, and best practices to protect against hacks, fraud, and other threats. Essentially, mitigating in the crypto world is about taking proactive measures to lessen the impact of potential risks and ensure the safety of digital assets and systems.

Word of the day -  MITIGATINGhttps://www.dbm.academy/faq for more blockchain vocabulary.