Security
The Web3 world is filled with both opportunities and risks. This topic will provide you with a comprehensive analysis of security incidents in Web3, uncover common attack methods and vulnerabilities, and offer practical asset protection strategies and guidance.
Rug pulls, where project developers abandon a project after stealing investor funds, are a growing threat in cryptocurrency. These scams often involve creating a new token, artificially inflating its price, and suddenly withdrawing liquidity. Common tactics include liquidity theft, sell-order restrictions, and token dumps. To protect yourself, conduct thorough research on projects, diversify your investments, and be wary of projects with vague whitepapers or anonymous teams. Utilize blockchain analytics tools to assess project risks and consider using security tools like contract auditors.
Understanding the importance and risks of token approvals is crucial as it is a key mechanism for accessing and managing tokens in smart contracts and wallets. The article delves into the approval processes for ERC-20 and NFT tokens, including how they work in MetaMask and the potential for malicious exploitation. It emphasizes the necessity of approvals in DeFi interactions while warning about the dangers of unlimited approvals. Additionally, it provides best practices for protecting your assets, such as using hardware wallets like Ledger to enhance security.
The article provides an in-depth analysis of the challenges associated with linking identities to public keys in public key cryptography and proposes three solutions: public key directories, identity-based encryption (IBE), and registration-based encryption (RBE). It discusses the application of these solutions in blockchain technology, including their impact on anonymity, interactivity, and efficiency. The article also explores the advantages and limitations of each method, such as IBE's reliance on a strong trust foundation and RBE's optimization of on-chain storage requirements. By comparing these approaches, readers gain a better understanding of the challenges and trade-offs involved in building secure, decentralized systems.
The main argument of this post is that if the desirable end-state is to have programmable privacy infrastructure that can handle shared private state without any single point of failure, then all roads lead to MPC. We also explore the maturity of MPC and its trust assumptions, highlight alternative approaches, compare tradeoffs, and provide an industry overview.
Discover everything about Forta Network, the Web3 security watchtower. Learn about $FORT tokenomics, subscription plans, developer earnings, and investment potential.
This article argues that privacy in blockchain networks is essential for broader adoption, rather than merely a desirable feature. It highlights the challenges posed by the current transparency of blockchains and emphasizes that varying users and use cases will necessitate different levels of privacy, suggesting that a one-size-fits-all approach is not sufficient.
This article provides a detailed analysis of the security challenges and threats of BTC Layer 2 technology. As the demand for the Bitcoin network grows, Layer 2 solutions such as Lightning Network, Rootstock, Stacks, etc. are developed to improve transaction speed and scalability, but at the same time bring new security issues, such as channel attacks, smart contract vulnerabilities, double Flower attack etc.
As the demand for privacy protection grows, TEE technology has once again become a focal point. TEE provides a secure execution environment independent of the main system, protecting sensitive data and code. Multiple blockchain projects, such as Flashbots, Taiko, and Scroll, are exploring TEE applications to achieve private transactions, decentralized block building, and multi-proof systems. While TEE offers advantages in security and privacy, it still faces centralization risks. In the future, it may need to be compatible with more hardware vendors and set node ratios to reduce reliance on a single supplier, thereby further enhancing decentralization.
In this issue, we use the TRON wallet as an example to explain the concept of multi-signature phishing, including the multi-signature mechanism, common hacker operations, and how to prevent your wallet from being maliciously multi-signed.
This article offers a comprehensive guide on how to conduct a security checkup on your account, covering how to review authorized apps, check delegation settings, and monitor login activity and devices. It also recommends activating two-factor authentication (2FA) and setting up extra password protections to strengthen your account's security.
Learn how Goplus Network transforms blockchain security with its cutting-edge products and decentralized governance. Explore the various security products Goplus Network offers and how they help improve users' security.
Wallets are the gateway to the crypto world and a key component of Web3 infrastructure. Their importance can't be overstated. Let's dive right into our first course—an overview of wallet types and the risks associated with them.
What is Iron Fish? What are its features? What are ZRC-20 and the tokens?
Discover how Uno Re is revolutionizing the reinsurance industry with blockchain technology. Learn about its features, tokenomics, and governance in this article
TON (The Open Network) is a rapidly evolving blockchain project that has attracted significant attention due to its advanced technology and rapidly growing user base. However, participating in such a phenomenon requires a thorough analysis, assessment, and interpretation of its risks. This report aims to provide in-depth risk analysis and compliance interpretation for users and potential participants in the TON ecosystem.