Web3 And The Risks To Be Aware Of - News Summed Up

Web3 And The Risks To Be Aware Of


gettyAs the Web3 landscape evolves, so does the frequency and variety of Web3 risks. I firmly believe that every Web3 enthusiast should prioritize self-education of the potential risks and embrace strong security practices. As an active member of the Web3 community and someone deeply involved in developing Web3 security tools, I've identified three dangers that I encounter most frequently: phishing, asset risks and smart contract vulnerabilities. NFT RisksManaging Web3 tokens often involves some hidden reefs. Smart Contract VulnerabilitiesSince most Web3 operations rely on smart contracts, any flaws in their code can cause major disruptions for both users and Web3 projects.


Source: Forbes January 17, 2024 17:24 UTC



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